Stock to Watch: Jio Financial shares in focus ahead of Q2 earnings
Jio Financial will be in focus in Friday's trade as the company will announce its second quarter earnings later today. In the run up to the results, shares of Jio have been muted with a fall of over 6%.
In the last five days, the stock sinked nearly 4% amid an overall bearish trend in the markets.
In the first quarter, the company's consolidated net profit fell 6% year-on-year to Rs 313 crore from Rs 332 core a year ago mainly due to a fall in interest income and amidst an uptick in operating expenses.
Total revenue from operations for the June quarter quarter stood at Rs 418 crore, higher by 0.9% year-on-year.
Recently, the company's joint venture with Blackrock got in-principle approval from markets regulator Sebi. The regulator will have to eventually grant the final approval after the two companies fulfil certain requirements.
Stock Trading
Dow Theory Made Easy
By — Vishal Mehta, Independent Systematic Trader
Stock Trading
RSI Made Easy: RSI Trading Course
By — Souradeep Dey, Equity and Commodity Trader, Trainer
Stock Trading
Renko Chart Patterns Made Easy
By — Kaushik Akiwatkar, Derivative Trader and Investor
Stock Trading
Technical Analysis for Everyone — Technical Analysis Course
By — Abhijit Paul, Technical Research Head, Fund Manager- ICICI Securities
Stock Trading
Options Trading Made Easy: Options Trading Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
Mastering Options Selling: Advanced Strategies for Success
By — CA Manish Singh, Chartered Accountant, Professional
