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Curious about JM Financial’s performance in the market today? You’ve come to the right place! This article dives into JM Financial’s current share price, along with some helpful background information.
As of April 5, 2024, 12:18 IST, JM Financial is trading at ₹80.30. That’s a positive change of 2.88% compared to the opening price.
But what does this number mean for you?
Share price reflects a company’s overall health and investor confidence. So, a rising share price like today’s suggests positive market sentiment towards JM Financial.
Let’s explore some additional details to get a better picture
- Market Cap: This indicates the total value of all JM Financial shares. As of today, it sits at a healthy ₹76,734.09 Crore.
- 52-Week Range: This shows the highest and lowest points JM Financial’s share price has reached in the past year. Keeping an eye on this range helps understand the stock’s volatility.
Thinking about investing in JM Financial?
While today’s price is a good starting point, remember, smart investing involves thorough research. Consider factors like the company’s financial performance, future prospects, and industry trends before making any decisions.
Here are some resources to help you delve deeper
- Financial websites: Explore JM Financial’s profile on sites like NSE India or BSE for detailed information like financial reports and news updates.
- Investment advisors: Consulting a professional advisor can provide personalized guidance based on your financial goals.
What is the price target for JM Financial?
You can chek here.
- Financial news websites: Many financial news websites compile analyst ratings and price targets for various stocks. You can search for JM Financial on sites like Reuters: https://www.reuters.com/ or Bloomberg: https://www.bloomberg.com/ to see if they have any articles with analyst recommendations.
- Brokerage reports: Some brokerage firms publish research reports on companies like JM Financial, which may include price targets. You can check with your brokerage firm or look for these reports online, though they may require a subscription.
What is the rank of JM Financial in India?
While there isn’t a single definitive ranking system for Indian financial institutions, here’s what we can tell you about JM Financial’s position in the market
- Mergermarket Deals by Value: According to Mergermarket League tables, JM Financial has consistently ranked within the top 10 firms for India deals by value. In 2021, they even secured the No. 4 spot [Wikipedia: JM Financial]. This indicates their strength in the mergers and acquisitions (M&A) space.
- Awards and Recognition: JM Financial boasts recognitions like ‘Best Corporate and Institutional Bank – Domestic’ and ‘Best Equity House’ at The Asset Triple A Country Awards [JM Financial – Awards & Recognitions]. This highlights their prowess in specific areas like institutional broking.
It’s important to note that rankings can vary depending on the criteria used. For example, a ranking based on total assets might place JM Financial differently compared to a ranking based on brokerage volume.
Here are some resources to explore further
- JM Financial Website: Their ‘Awards & Recognitions’ section showcases their achievements [JM Financial – Awards & Recognitions].
- Financial News Websites: Look for articles discussing top financial institutions in India, which might give you a broader perspective.
What Are Derivatives in Stock Market
- Do you have a demat account? A demat account acts like a digital locker to hold your shares electronically. You’ll need one to buy and sell stocks in India.
- Do you have a trading account? This account allows you to place buy and sell orders through a broker. Most brokers offer both demat and trading accounts together.
If you don’t have these accounts, you’ll need to set them up with a broker before buying JM Financial shares. Here’s a general process
- Choose a broker: Research and compare different brokers based on factors like fees, brokerage charges, and ease of use.
- Open a demat and trading account: Follow the broker’s instructions to provide your KYC documents and complete the account opening process.
- Fund your account: Deposit money into your trading account which you’ll use to buy shares.
- Place a buy order: Use the broker’s platform to specify the number of JM Financial shares you want to buy and the price you’re willing to pay.
What is the quarterly result of JM Finance?
JM Financial’s most recent quarterly results were for the third quarter of the 2023-2024 fiscal year (Q3FY24), ending December 31, 2023. Here are some highlights
- Revenue: ₹1,260.96 Crore, a significant jump of 33.28% compared to the same period last year.
- Net Profit: ₹277.68 Crore, reflecting a healthy increase of 46.02% year-over-year.
- Net Profit Margin: 22.02%, which marks a 9.57% rise compared to the previous year’s Q3.
Here are some resources to explore the details further
- JM Financial Investor Relations: Their website likely has a press release or investor presentation summarizing the Q3FY24 results [JM Financial Investor Relations].
- Financial News Websites: Look for articles analyzing JM Financial’s Q3FY24 results. Websites like Moneycontrol or The Economic Times might have such coverage.