JM Financial is currently trading at Rs 18.15, up by 0.40 points or 2.25% from its previous closing of Rs 17.75 on the BSE.
The scrip opened at Rs 18.25 and has touched a high and low of Rs 18.90 and Rs 17.65 respectively. So far 12486957 shares were traded on the counter.
The BSE group 'B' stock of face value Re 1 has touched a 52 week high of Rs 19.50 on 17-Feb-2012 and a 52 week low of Rs 11.50 on 04-Jun-2012.
Last one week high and low of the scrip stood at Rs 17.95 and Rs 16.15 respectively. The current market cap of the company is Rs 1359.98 crore.
The promoters holding in the company stood at 69.20% while Institutions and Non-Institutions held 8.22% and 22.58% respectively.
Goldman Sachs is reportedly in talks with JM Financial to acquire promoters’ stake in the company. The promoters are likely to sell part or complete stake in the company to Goldman Sachs. However, the company has not yet confirmed anything on the said market speculation.
Earlier in September this year, JM Financial Products, wholly owned subsidiary of JM Financial offloaded its entire stake of around two percent in Max India for nearly Rs 100 crore through open market transactions.
JM Financial is an integrated financial services group, offering a wide range of services to a significant clientele that includes corporations, financial institutions, high net-worth individuals and retail investors.
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