India's JM Financial rises on quarterly profit jump

JM Financial

29/07/2021 07:16

** Shares of Indian investment banking firm  JMSH.NS  up as
much as 5.1% at 109.25 rupees     
    ** Co reports a 117% jump y/y in June-qtr net profit to 2.03
bln rupees ($27.33 mln)
    ** Strong balance sheet, well capitalised and diverse set of
businesses positions us to perform well and drive sustainable
value for our stakeholders, as we are hopeful about economic
revival in the year ahead - MD Vishal Kampani 
    ** More than 3.4 mln shares traded by 0542 GMT, 0.6 times
their 30-day avg
    ** Three brokerages rate the stock "strong buy"; their
median PT is 115 rupees - Refinitiv data
    ** As of last close, JMSH has risen 23.2% so far this year 

($1 = 74.2700 Indian rupees)

 (Reporting by Rama Venkat in Bengaluru)
 ((ramavenkat.raman@thomsonreuters.com; https://twitter.com/ramavenkat0607;))