Jio Financial Services and Zomato Anticipated to Join Nifty Indices

This is based on the strong market performance and strategic positioning of the companies in their respective sectors.

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Jio Financial Services and Zomato Anticipated to Join Nifty Indices

This is based on the strong market performance and strategic positioning of the companies in their respective sectors.

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Jio Financial Services is a Reliance Industries spin-off that started hogging the spotlight since its entry into the markets in August 2023.

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This specialized demerged company in financial services has experienced humongous growth since then.

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In the latest reports, as of early 2024, JFS had been included in the Nifty Next 50, raising its market presence by a substantial margin.

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As of March 1, 2024, the stock was trading at Rs 317.65 on the NSE, soon after the entry action on March 28, 2024.

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Zomato, an online food delivery and dining discovery platform, is also seen through the eyes of JM Financial as a keen contender for the Nifty indices.

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