Jio Financial Services, the financial arm of Reliance Industries, has been on a consistent upward trajectory in recent months, reaching new record highs. This trend is fueled by several positive developments that have boosted investor confidence in the company.In the previous trading session, the stock touched a new all-time high of ₹394.70 apiece, surpassing its previous record high of ₹384.85 apiece. Over the last six months, the stock has skyrocketed from ₹221 to the current value of ₹382.95, resulting in a stellar gain of 73.30%. 

In February alone, the stock jumped over 25%, followed by another 14.11% in March, while in the current month, it is already up by 9%. 

The company reported a stellar performance for the fiscal year ending FY24, with its consolidated net profit jumping multi-fold to ₹1,605 crore against ₹31 crore in the preceding fiscal of FY23. In standalone terms, the yearly net profit is ₹383 crore, while the quarterly PAT was ₹78 crore.