Jio Financial shares in focus after likely block deal

Shares of Jio Financial Services have been in focus on Thursday after reports of a block deal involving 10.8 lakh shares of the company. The transaction, reported by ET NOW, comes ahead of the stock’s anticipated inclusion in the Nifty 50 benchmark by the end of March.

Jio Financial’s stock has been on a downward trajectory, falling 31.01% in the past six months and 8.77% in the last one month. On the technical front, the stock remains under pressure, trading below all eight key simple and exponential moving averages (SMA and EMA), including the 200-day SMA. The counter's 14-day relative strength index (RSI) stands at 36.4, nearing oversold territory.

The company had reported a marginal 0.32% rise in consolidated net profit for Q3 FY25, with earnings at Rs 294.78 crore compared to Rs 293.82 crore in the year-ago period. Revenue from operations increased by 5.98% to Rs 438.35 crore in the quarter ended December 2024.


Despite the stock’s decline, Jio Financial received a boost last week when NSE Indices announced its inclusion in the Nifty 50 by the end of March. The move is expected to drive passive fund inflows into the stock as index-tracking funds adjust their portfolios.

Domestic brokerage firm JM Financial's projections suggest that Jio Financial’s addition to the index could attract passive inflows of $404 million as index funds rebalance their portfolios.

Jio Financial Services, the financial arm of Reliance Industries, made its Dalal Street debut in August 2023, listing at Rs 265 per share on the BSE and Rs 262 on the NSE—slightly above its discovered price of Rs 261.85 apiece.

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