The Daily PulseBusiness
Jio Platforms Shares Rise Over Three Percent After First Post-Listing Quarterly Profit Jumps
Reported by Sneha Patil (Staff Writer) · Economic Times - Markets ·
Reported by one source so far
Photo: Wikimedia CommonsJio Platforms shares climbed more than three percent after the company posted a fourteen percent year-on-year rise in September-quarter net profit in its first earnings announcement since listing. Growth was driven by new subscriber additions, faster 5G adoption, and expanding digital services.
Context
Following these positive earnings, brokerages kept their Buy ratings on the stock with target prices set at 1,340 rupees and 1,350 rupees. Such updates help investors gauge the financial health and market standing of major telecom and digital service providers.
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