Jio Financial Services is on a roll. In just five trading sessions, the company’s share price has surged nearly 10%. But what is fueling this rally?
Let’s take a look at the key reasons why shares of the company is rallying –
Jio Financial gets green signal from SEBI
The latest push came on Friday (June 27), when Jio BlackRock Broking, a subsidiary of Jio BlackRock Investment Advisers, received approval from SEBI to kickstart its broking operations.
This is the third regulatory nod in recent weeks for Jio’s joint venture with BlackRock Inc, a global investment management giant. Earlier, approvals were granted for Jio BlackRock Asset Management and Jio BlackRock Investment Advisers.
Moves in the payment space
Jio Financial is also tightening its grip in the digital payments segment. The company recently infused Rs 190 crore into its payments bank arm and took complete control of Jio Payments Bank by acquiring State Bank of India’s 17.8% stake for Rs 104.54 crore.
Jio Financial Q4 performance
Jio Financial Services posted a consolidated net profit of around Rs 316 crore for the fourth quarter of FY25, showing a slight year-on-year rise of about 2% compared to the same period last year.
Its revenue from operations grew by 18% to Rs 493.24 crore, while total income including other earnings rose by 24% to Rs 518 crore. However, net interest income saw a small dip of 4.5%, coming in at Rs 268.09 crore. The company’s board also announced its first-ever dividend of Rs 0.50 per equity share.
Jio Financial stock performance
On Monday, June 30, Jio Financial share price hit an intraday high of Rs 331.90, up nearly 2.5% . Over the last five sessions, the share price has climbed nearly 10%. In the past month, the stock is up around 14%. On a six-month basis, it has risen by 9%, while year-to-date gains for 2025 stand at 7%.
On a yearly basis, the stock is still down about 7%, and its 52-week low remains at Rs 198.65.