Jio Financial Services shares in focus after Rs 66.5 crore investment in JV with BlackRock

Jio Financial Services and BlackRock have jointly invested Rs 66.5 crore in their 50:50 wealth management and broking JV, Jio BlackRock Investment Advisers. The move strengthens their digital-first financial services vision in India. Despite a flat YoY Q3 profit at Rs 295 crore, the stock remains under watch, with a 37% potential upside based on analyst estimates.