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Jio Financial Services shares surged 4.36% to Rs 326.65, fueled by SEBI's approval for Jio BlackRock Broking Private Limited to operate as a stockbroker and clearing member. This registration, granted on June 25, 2025, allows JFS to expand its capital market presence, offering broking and clearing services.
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Adani Power shares are experiencing a significant rally. This week, the stock price climbed 13.8%, reaching Rs 605 on the BSE. High trading volumes are fueling this surge. Today, the stock rose 4.7% in intraday trade. Technically, the stock is trading above its daily exponential moving averages. The stock has shown strong recovery in the shorter term.
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Wakefit Innovations has filed its draft red herring prospectus with Sebi for an IPO comprising a fresh issue worth up to Rs 468.2 crore and an offer for sale of 5.83 crore shares. Promoters Ankit Garg and Chaitanya Ramalingegowda, along with key investors, will offload stakes. The Bengaluru-based firm plans to use proceeds for expansion, equipment purchases, leases, and marketing.
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