On February 22, the stock of io Financial Services Ltd. shot up to a record high. The stock increased by about 5%, for a gain of 26% over the previous month.
The shares of Jio Financial Services increased 10.14% to trade at ₹333.55 on the NSE.
The company recorded a net profit of ₹293 Crore for the December quarter, along with net interest income of ₹269 Crore. It made ₹413 Crore in total revenue and ₹414 Crore in interest income.
To begin offering mutual funds in India, Jio Financial Services and Blackrock Financial Management submitted paperwork to the Securities and Exchange Board of India (SEBI) in January.
On August 21, 2023, Jio Financial Services went public on the stock exchange. The stock has increased by more than 22% since becoming public.
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