jio financial services

Stock market recommendations: jio financial services Ltd, Hindustan Zinc, and PVR INOX are the top stock recommendations by Mehul Kothari, DVP - Technical Research at Anand Rathi Shares as the top stock recommendations for April 29, 2026:

Cellecor reported a robust financial year ending March 31, 2026, with net revenues soaring to Rs 1,292 crores, a 26% increase. Net profit after tax also saw a significant 28% jump. This impressive growth was fueled by product expansion, a wider retail footprint including partnerships with major chains, and increased adoption in smaller markets, alongside strong online sales.

Stock market recommendations: Lupin, jio financial services, Adani Ports and Special Economic Zone are the top stocks that Somil Mehta, Head of Retail Research, Mirae Asset ShareKhan recommends for buying on April 28, 2026.

Indian equity benchmarks, Sensex and Nifty, extended their losses for a fourth consecutive session, plunging nearly 2% on Tuesday. Rising crude oil prices, sustained foreign fund outflows, and escalating West Asia conflict uncertainty contributed to the broad-based selloff, impacting IT, realty, and consumer durable stocks.

Reliance Industries' Q4 FY26 net profit declined 12.5% year-on-year to Rs 16,971 crore, impacted by the Middle East crisis affecting its oil and chemicals business. Despite this, revenue rose 13% to Rs 2.98 lakh crore, with strong contributions from digital services and retail. Jio Platforms reported a 13% profit increase to Rs 7,935 crore.

Vivo has launched the V70 FE in India, featuring a 200MP OIS camera, a northern lights-inspired design with Darkness Glow Technology, and a 7000 mAh battery with 90W Flash Charge. The smartphone is powered by the MediaTek Dimensity 7360-Turbo SoC and offers up to 12+256GB storage, with pricing starting at Rs 37,999.

jio financial services, a subsidiary of Reliance Industries, is making its debut on stock exchanges, targeting a large and growing market as well as benefitting from the growth in digital financial services in India. Although the company's business model relies heavily on technology, which could be disrupted by changes in regulation or technology, it has strong parent company support from RIL, as well as the backing of Google and Facebook.

Indian stock markets experienced a severe downturn Monday, mirroring a global sell-off. Escalating Middle East tensions, rising crude oil prices, consistent foreign investor withdrawals, and a record-low rupee significantly impacted investor confidence, leading to broad-based losses across major indices and sectors.

Five analysts estimate that the financial services business of Reliance Industries will be valued at Rs 160-190 per share, with Reliance Strategic Investments, to be renamed jio financial services, being demerged and split on 20 July. The shares of India's most valuable company, Reliance, have risen more than 6% since 8 July, as investors seek exposure to JFS, which may become India's fifth-largest financial services company.

jio financial services, the demerged unit of Reliance Industries, will be removed from various indices of the National Stock Exchange (NSE) from September 7. This comes after Jio Financial did not meet the price band on two consecutive trading days. The exclusion will apply to indices such as Nifty 50, Nifty 100, Nifty 200, and Nifty 500. Jio Financial was listed on the stock exchanges on August 21 after its spin-off from Reliance Industries.

jio financial services, part of billionaire Mukesh Ambani-led Reliance Group, and US based BlackRock Inc will form a 50:50 joint venture to launch asset management services in India. The two companies are targeting an initial investment of $150 million each in the joint venture, Jio Financial said in a release on Wednesday.

jio financial services (JFS) has seen a 5% decline in its shares for two consecutive days, triggering a delay in its removal from India's benchmark indexes. Index-linked funds may experience distorted weightages if fund managers are unable to sell their JFS holdings, which could be further complicated by the continuous slide in stock prices.