Jio Financial Services shares up 41% in 2024 so far; Q2 results, 3rd JV with BlackRock in focus
Shares of Jio Financial Services were trading 1.09 per cent lower in Thursday’s trade at Rs 330.20. Despite the said drop, the stock has gained 40.75 per cent on a year-to-date (YTD) basis as against a 12.02 per cent rise in benchmark BSE Sensex during the same period.
The company is slated to declare its second quarter results for the ongoing financial year 2024-25 (Q2 FY25) on Friday, October 18. Separately, BlackRock is in talks with Mukesh Ambani-led Reliance Group firm Jio Financial to set up a private credit joint venture (JV), Bloomberg News reported citing sources. However, Business Today could not verify the information at the time of publishing this story.
If these talks materialise, then it will be the third JV between the…
