Jio Financial Shares Jump Over 3% On BSE LargeCap Index Inclusion
JFS stock rose as much as 3.7% during the day to Rs 329.65 apiece on the NSE.
![<div class="paragraphs"><p>File photo of Jio Financial Services listing ceremony. (Source: Vijay Sartape/NDTV Profit)</p></div>](https://media.assettype.com/bloombergquint%2F2024-02%2F97117b0b-4e20-4348-9b34-7e89072061d8%2FWhatsApp_Image_2023_08_21_at_8_26_53_AM.jpeg?rect=0%2C0%2C324%2C182&auto=format%2Ccompress&w=200)
Shares of Jio Financial Services Ltd. rose over 3% after the stock was included in the S&P BSE Large Cap index.
The changes in the index will be effective on March 18, according to a BSE statement. Besides, Jio Financial Services, Tata Technologies Ltd., JSW Infrastructure Ltd. and Indian Renewable Energy Development Agency Ltd. were included in S&P BSE Large-Mid-Cap.
![Jio Financial Shares Jump Over 3% On BSE LargeCap Index Inclusion](https://media.assettype.com/bloombergquint%2F2024-03%2F24af7afa-9b64-406f-94f9-6081413cea22%2FM0RRW_jfs_shares_jump_over_3_nbsp_.png?auto=format%2Ccompress)
JFS stock rose as much as 3.7% during the day to Rs 329.65 apiece on the NSE. It was trading 3.43% higher at Rs 328.8 apiece, compared to a 0.26% advance in the benchmark Nifty 50 as of 09:57 a.m.
It has risen 32.1% in the last 12 months. The total traded volume so far in the day stood at 0.6times its 30-day average. The relative strength index was at 70.
One analyst tracking JFS has a 'buy' rating on the stock, according to Bloomberg data. The average of 12-month analyst price targets implies a potential decline of 11.5%.