JM Financial’s value went up by 10 percent on December 15. This happened because the management changed and employees exercised their stock options, getting new shares. They also hired Chirag Negandhi as a top manager, starting on December 18.
Negandhi has more than 20 years of experience in leading financial markets. He has been part of big money-raising events in India and worked closely with important companies.
JM Financial’s shares were being traded for Rs 98.10 on the National Stock Exchange, which is 10 percent higher. Throughout the year, JM Financial’s shares have gone up by 32 percent. This is better than the Nifty 50, a stock market index in India, which only went up by 16 percent during the same time.
(Source : moneycontrol)
