The inclusion of Zomato and Jio Financial Services in the Nifty 50 index from March-end is expected to inflate the headline equity index’s price-to-earnings (PE) ratio by 2.5%, according to calculations done by ICICI Securities. The brokerage highlights that the continued entry of high-valuation new-age stocks into the benchmark index has been a key driver … Read more
This week, 418 companies will release their June quarter earnings, including Jio Financial, Paytm, Bajaj Auto, Asian Paints, LTIMindtree, Infosys, Reliance Industries, Wipro, Union Bank of India, Kotak Mahindra Bank, Tanla Platforms, Tata Technologies, and YES Bank. Here’s the list of major companies that will announce their Q1 results this week: July 15Jio Financial Services, … Read more
Jio Financial Services, the company which was carved out of Reliance Industries (RIL) and listed on the exchanges on August 21, 2023, saw mutual funds sell shares worth Rs 2,850 crore in September according to estimates given by brokerage house Nuvama. A lion’s share of it was offloaded by SBI Mutual Fund (MF) followed by … Read more