India's Jio Financial eyes longest weekly rally as JV gets stockbroker license
ReutersJun 27, 2025 9:53 AM
Shares of Jio Financial Services JIOF.NS rise as much as 5.38% to 329 rupees, a peak since December 18, 2024
JIOF is set for its seventh straight weekly gain, its longest weekly winning streak since listing in August 2023, jumping ~30%
Co says India's markets regulator has granted a certificate of registration to unit Jio BlackRock Broking to act as a stockbroker
Jio BlackRock Broking is a step-down unit of JIOF, through its joint venture with BlackRock BLK.N
JIOF also on track for fourth straight daily gain and a monthly rise
Stock up ~4.6% so far this year
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