New Delhi: Shares of Jio Financial Services Ltd on Monday ended over 3 per cent higher to hit the 52-week high level in intra-day trade after the company reported a 6 per cent increase in consolidated net profit for the fourth quarter ended March 2024.
The stock jumped 4 per cent to Rs385 -- its 52-week high -- during the day on the BSE. It finally ended at Rs382.75, up 3.45 per cent. On the NSE, the company’s stock climbed 3.98 per cent to hit the 52-week high of Rs384.85 during the day. Shares of the firm ended at Rs383, a gain of 3.48 per cent.
The company’s market capitalisation (mcap) jumped Rs8,100.44 crore to Rs2,43,171.95 crore. In traded volume terms, 25.99 lakh shares of the company were traded at the BSE and over 486.41 lakh shares at the NSE during the day. Jio Financial Services Ltd on Friday reported a 6 per cent increase in consolidated net profit to Rs311 crore for the fourth quarter ended March 2024 on the back of improvement in income.
The financial services company demerged from Reliance Industries Ltd, had reported a profit of Rs294 crore for the December quarter.
