BUZZ-India's Jio Financial eyes longest weekly rally as JV gets stockbroker license

Reuters
2025/06/27
BUZZ-India's Jio Financial eyes longest weekly rally as JV gets stockbroker license

Updates share price levels, adds weekly milestone

** Shares of Jio Financial Services JIOF.NS rise as much as 5.38% to 329 rupees, a peak since December 18, 2024

** JIOF is set for its seventh straight weekly gain, its longest weekly winning streak since listing in August 2023, jumping ~30%

** Co says India's markets regulator has granted a certificate of registration to unit Jio BlackRock Broking to act as a stockbroker

** Jio BlackRock Broking is a step-down unit of JIOF, through its joint venture with BlackRock BLK.N

** JIOF also on track for fourth straight daily gain and a monthly rise

** Stock up ~4.6% so far this year

India's Jio Financial eyes longest weekly winning streak since market debut https://reut.rs/3HZTfNv

(Reporting by Yagnoseni Das in Bengaluru)

((Yagnoseni.Das@thomsonreuters.com;))

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