News for JM Financial Limited (JMFINANCIL.NS)

NSE/BSE Top gainers, losers intraday 10th March 2025: Shares of Power Grid, Hindustan Unilever, Infosys, JSW Steel and Bajaj Finance gained, while IndusInd, Trent, ONGC, Titan, and Eicher Motors depreciated among Nifty 50 constituents. Sensex, Nifty showed modest gains, metal stocks show resilience.

Global fund managers remain cautious about Indian stocks despite lower valuations from a prolonged losing streak. Economic slowdown, profit downgrades, and potential US tariffs continue to weigh on the market. Meanwhile, traders are flocking to undervalued Chinese stocks amid a bull run driven by AI developments. Foreign investors have pulled nearly $15 billion from India this year, pushing outflows to surpass last year's record.

Jio Financial shares: The non-banking financial company, owned by billionaire Mukesh Ambani, has recovered from its 52-week low of Rs 198.60 on Monday. The stock had ended 3.3% lower on Monday at Rs 200.95 but has since reversed its losses over the past three sessions.

Jio Financial Services share price: Shares of Jio Financial Services Ltd fell 4.3% to Rs 198.6, reaching a new 52-week low amid ongoing selling pressure. The stock has declined 42% in the past six months. Despite recent financial struggles, Jio Financial is set to join the Nifty 50 index by March's end, potentially driving passive fund inflows.

Foreign investors have sold $25 billion worth of Indian equities since the end of September, with $4.1 billion exiting in February alone. While domestic institutional investors have provided some support, inflows are slowing.

Mphasis was top loser on the Nifty IT index today. Other losers from the IT pack were Coforge (1.90%), LTI Mindtree (1.70%) and L&T Technology Services dropping 1.74%, respectively.

Akshay Bhagwat of JM Financial Services said the market would remain slippery as there's still some pain left.

Cables & Wires Stocks Update: UltraTech shares down 6%. Analysts predict mild negative reaction foraying entry into C&W space, as the investors have traditionally viewed the company as a pure-play cement firm.

Jio Financial shares : The company reported a slight 0.32% increase in consolidated net profit for Q3 FY25, with earnings of Rs 294.78 crore compared to Rs 293.82 crore in the same period last year. Revenue from operations rose by 5.98% to Rs 438.35 crore for the quarter ending December 2024.

HFCL, RBL Bank, HUDCO, Vodafone Idea, Apollo Hospitals Enterprise Ltd, Coal India, Mahindra and Mahindra and Bharat Forge remained stocks that fell 7-8 times during the 10 year period.

Food delivery company Zomato and Jio Financial Services have made an entry into the Nifty50 index as part of the semi-annual reshuffle while Bharat Petroleum Corporation and Britannia Industries have been booted out.

Food delivery company Zomato and Jio Financial Services have made an entry into the Nifty50 index as part of the semi-annual reshuffle while Bharat Petroleum Corporation and Britannia Industries have been booted out.

India's Nifty 50 index is set for reshuffling, likely including Zomato and Jio Financial Services while removing Bharat Petroleum and Britannia Industries. This could trigger significant trading volumes and inflows of $702 million for Zomato and $404 million for Jio Financial. The changes, effective March 28, 2025, will be finalized today.

Over the past year, JM Financial's shares have risen by 2.18%. However, year-to-date (YTD), the price has decreased by -20.79%. In the last six months, the price has increased by 9.45%, while in the past three months, it has fallen by 22.14%.

Stocks including Quality Power, M&M, NTPC Green, Tata Steel, Cipla, RVNL, Delta Corp, HG Infra and Berger Paints will be in the spotlight on Friday, February 21.

Hexaware Technologies' IPO success, global expansion, and AI-first solutions position it as a leader in IT services.

Ajax Engineering Ltd stock debuts weak on BSE and NSE, but remains optimistic for long-term growth in infrastructure sector.

Ajax Engineering sold its shares in the price band of Rs 599-629 apiece, which could be applied for a minimum of 23 shares and its multiples to raise a total of Rs 1,269.35 crore.

Ashok Leyland shares, flagship of Hinduja Group, gained 2.6% in early trade on Thursday, after the company recorded a 31% rise in net profit at ₹762 crore in the December 2024 quarter.