Jio Financial Services Share: On the next day of Reliance Industries AGM, vigorous buying has been seen in Jio Financial Services Shares. Many big deals have been seen in Jio Fin stock on Tuesday. According to a report in ET Now, Jamnagar Utilities and Power, a unit of promoter company Reliance Industries, has bought 5 crore shares at Rs 208 to Rs 211 per share.
There have been many big deals in the stock of Jio Financial Services on the National Stock Exchange. The volume of the stock on NSE had reached 9.03 crore today. Earlier, on Friday, August 25, 2023, domestic mutual house Motilal Oswal Mutual Fund bought 3.72 crore shares of Jio Financial Services at Rs 202.8 in a bulk deal.
On Monday, August 28, 2023, at the AGM of Reliance Industries, the company’s chairman Mukesh Ambani announced that Jio Financial is going to step into the insurance business. Jio Financial Services Limited will launch life, general, health insurance products through seamless digital interface in collaboration with global players. He said that keeping in mind the needs of the customers, insurance products will be launched. He said that Jio Financial Services will promote big financial growth. Mukesh Ambani said that 142 crore Indians are going to benefit from Jio Financial.
The stock had closed lower even after the company’s business roadmap was placed at the AGM on Monday, but the stock closed with a gain of 4.31 per cent on Tuesday.
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