00:00 Geo Financial Services Limited has been separated from the Reliance Industries on Thursday.
00:05 Before the demerger of Mukesh Ambani's financial services company, NSE had organized a special
00:10 pre-open session.
00:11 During this, the price of Geo Financial was discovered and its share price was fixed at
00:16 Rs 261.85.
00:17 After this, its value has increased by more than $ 20 billion.
00:23 This valuation puts the company ahead of Adani Group's companies, Coal India and Indian
00:27 Oil.
00:28 As soon as the market demerged, the company's share price jumped far above the expectations
00:33 of analysts.
00:34 The JFS share price is estimated to be more than Rs 160 to Rs 190.
00:41 Shareholders will get a JFS share on each Reliance share they have.
00:46 It will be included in the Nifty 50 and the main Indian index, but will not be traded
00:51 until it is listed.
00:52 This means that the JFS share will be available for the future business.
00:58 Now let's tell you how the share price was decided.
01:03 So on Thursday, Reliance Industries' closed price was Rs 2841.85 and before the regular
01:09 business started on Thursday, at the end of the 1 hour special session, the company's
01:16 share value was decided at Rs 2580.
01:19 On this basis, the total value of JFS shares will be more than Rs 1,66,000 crores.
01:31 With this market cap, according to the Jio Financial Services Market Cap, it will become
01:35 the 32nd most valuable company in the country.
01:37 This time, it will leave behind Adani Ports, Adani Green, Tata Steel, Coal India, HDFC
01:42 Life, Indian Oil and Bajaj Auto.
01:45 JFS also has a share of Rs 1 lakh crore.
01:50 According to some reports, Reliance Industries will also move ahead quickly from here because
01:55 JFS is now the beginning of unlocking and the shareholders will also benefit a lot from
01:59 it because there will be many opportunities for the growth of retail and telecom.
02:03 Investors have gained a lot of confidence from these reasons.
02:06 On the day of the weekly expiry in the share market, both the main indexes reached a new
02:10 record level.
02:11 The purchase of foreign fund's Bumper Flow and FMCG companies, Sensex, climbed to a new
02:15 high of Rs 66,571.90 by climbing 474.46, and during business, it reached a new high of
02:22 Rs 66,619.17.
02:23 In this way, Nifty climbed to a new record level by climbing 140, now Nifty has reached
02:29 a very close to touching the level of 20,000.
02:32 Both the shares indexes have also reached a new high of Rs 17,000.
02:36 This has been the sixth trading session of speed in both the shares indexes.
02:41 Meanwhile, Sensex and Nifty have both reached their peak.
02:44 The price of big companies like RIL and ITC has increased, the index is fast in the index,
02:49 the hope of the first peak of the banks is preparing the index to reach a new height.
02:54 The mixed signals of global markets are also not being able to affect the investors'
02:58 assessment.
02:59 In Sensex, ITC has gained a 3% increase in the companies included in the index.
03:04 Meanwhile, the research head of HDFC Securities, Devarsh Vakil, said that the strong existence
03:09 of the foreign fund flow and the macroeconomic outlook are the reason for the excitement in
03:14 the market.
03:15 Another company has come in the share market since then, Reliance's GFSL, that is, Geo
03:20 Financial Services Limited.
03:21 Now we will see in the future what benefits it shows to investors.
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03:34 of Goodrotters.
03:35 Thank you.
03:39 pooling.
