JIO Financial Shares price jumped almost 5 % in morning exchange on the BSE after market regulator the Securities and Exchange Board of India (SEBI) allowed Jio BlackRock Broking to behave as a stockbroker.
Jio Financial share price opened at ₹313.85 against its previous close of ₹312.40 and jumped 4.5 % to an intraday high of ₹326.55. The stock traded 4.35 % better at ₹326, looking set to extend profits to the 4th consecutive session.
JIO Financial Shares surge after BlackRock Broking approvals
In recent trade filing, Jio Financial said: “The Securities and Exchange Board of India has granted a certificates of registration to Jio BlackRock Broking Private Limited to work as a stockbroker/clearing member.” Jio BlackRock Broking Private Limited is an entirely owned subsidiary of Jio BlackRock Investment Advisers Private Limited.
“With JioBlackRock Investment Advisers, we can be able to offer personalised recommendation to retail investors. Now with brokerage, we will also bring an execution platform for self-directed investors,” said Marc Pilgrem, Managing Director and CEO of Jio BlackRock Investment Advisers Private Limited.
Co. Share Price trends
JIO Financial Shares price has received nearly 7 % this year to this point, with the benchmark Sensex which is also up 7 %. Over the last year, the trade has lost about 8 %, hitting a 52-week low of ₹198.60 on March 3 this year. The stock hit a 52-week high of ₹363 on September 27 last year.
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