Archive · 19 Jun 2025
Jio Financial Shares Drop; Experts Weigh In
Jio Financial Services, a company backed by Reliance Industries, saw its stock price drop recently.
The company bought the rest of Jio Payments Bank from SBI for over 100 crore rupees, which was approved by the RBI.
Experts have different views, with some thinking the stock could go up.
Some experts believe now could be a good time to buy the stock.
The company has been making moves in the financial sector and is expected to launch new offerings soon.
Jio Financial Services (JFSL) shares were trading 1.70% lower on Thursday.
The stock has decreased by 9.60% in the last six months.
JFSL acquired 7,90,80,000 equity shares of Jio Payments Bank from SBI for ₹104.54 crore.
The Reserve Bank of India (RBI) approved the acquisition on June 4, 2025.
Market experts have a positive outlook, with some recommending accumulating the stock.
- Who
- Jio Financial Services (JFSL).
- What
- Jio Financial Services shares have seen a decrease in value.
- When
- Shares were trading lower on Thursday, and have decreased over the last six months.
- Where
- India.
- Why
- The articles do not explicitly state the reasons for the share price changes, though they mention an acquisition and expert opinions.
- Company
- Jio Financial Services (JFSL)
- Share Price Change (Thursday)
- -1.70%
- Share Price Change (6 months)
- -9.60%
- Acquisition
- Jio Payments Bank from SBI
- Acquisition Cost
- ₹104.54 crore
- RBI Approval Date
- June 4, 2025
- Promoter Stake (March 2025)
- 47.12%
