Stock below Rs 100: This small-cap stock announces strategic alliance with a leading life insurance provider in the industry!
The stock has witnessed significant traction as it has surged more than 22 per cent in the past 3 months
On Thursday, JM Financial surged more than 1 per cent to trade at an intraday high of Rs 75 apiece on BSE. The scrip closed down by 0.15 per cent at Rs 74.01 per share on BSE.
The company has officially announced a strategic alliance with Future Generali India Life Insurance Co. Ltd., a leading life insurance provider in the industry. This partnership aims to capitalize on the unique strengths of each organization, with Future Generali offering innovative insurance products and JM Financial Services providing comprehensive distribution capabilities. By combining their expertise, the alliance seeks to create powerful synergies that will empower individuals, families, and businesses to secure their financial future with confidence.
Under this collaboration, Future Generali India Life Insurance will benefit from gaining access to JM Financial Services' expansive network and highly established distribution channels. These channels encompass 54 branches, 725 Business Affiliates, and over 9000 active financial distributors. By leveraging these resources, Future Generali India Life Insurance will be able to extend its reach to a broader customer base, consisting of approximately 2.20 lakh individuals, corporations, and financial institutions.
Both entities, Future Generali India Life Insurance and JM Financial Services, share a common commitment to prioritizing the needs of their customers. Throughout this partnership, their joint focus will remain steadfast on delivering exceptional and satisfying customer experiences.
Dimplekumar Shah, the Managing Director & Co-Head of Equity Broking Group at JM Financial Services, expressed his satisfaction with the collaboration between JM Financial Services and Future Generali Life Insurance Company Ltd. He emphasized that this strategic alliance is expected to create value in various aspects.
The primary objective of this partnership is to provide customers with a significant financial protection tool that is easily accessible to all. Through this tie-up, customers will have access to a wide range of comprehensive insurance products, enabling them to plan for a financially secure future.
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JM Financial Ltd is an integrated and diversified financial services group. Its primary businesses include mortgage lending, distressed credit, asset management. It is also engaged in investment banking and the management of private equity funds.
The stock has witnessed significant traction as it has surged more than 22 per cent in the past 3 months. Keep a close eye on this trending stock.
Disclaimer: The article is for informational purposes only and not investment advice.