Jio Financial Services Ltd. shares rose over 4% on Thursday after the National Stock Exchange said it will be included in the Nifty Next 50 from March 28.
The index will, from March 28, include Adani Power Ltd., Indian Railway Finance Corp., Jio Financial Service Ltd., Power Finance Corp. and REC Ltd.
The index will exclude Adani Wilmar Ltd., Muthoot Finance Ltd., PI Industries Ltd., Procter & Gamble Hygiene & Health Care Ltd. and Shriram Finance Ltd.
Shares of Jio Financial Services rose as much as 4.44%, the highest level since Feb. 28, before paring gains to trade 3.32% higher at 10:04 a.m. This compares to a 0.26% advance in the NSE Nifty 50.
The stock has risen 27.88% in six months. Total traded volume so far in the day stood at 1.7 times its 30-day average. The relative strength index was at 66.38.
The one analyst tracking the company maintains a 'buy' rating, according to Bloomberg data. The average 12-month analysts' price target implies a downside of 8.9%.
RECOMMENDED FOR YOU
Jio Finance, Allianz Incorporate Reinsurance Joint Venture To Tap Growing Market
Sep 09, 2025
SpiceJet Shares Tumble Following Q1 Loss Of Rs 234 Crore
Sep 08, 2025
Jio Financial Raises Rs 3,956 Crore From Promoters Via Warrant Issue
Sep 03, 2025
Tata Steel Q1 Results Preview: Profit Likely To Rise, Revenue May Decline
Jul 29, 2025
POPULAR