JM Financial tops investment banking league table in H1 FY27 with Rs 75,775 crore
JM Financial secured new business for FY27.
· Economic Times Markets, ET Stocks
Domestic investment banks experienced significant success in achieving equity fundraising in HY27. JM Financial, ICICI Securities, and SBI Capital Markets led the transactions during this period. A total of 116 IPOs and QIPs were conducted, a notable increase from the prior year. The equity amount raised rose by 40%, reaching nearly Rs 1.7 lakh crore.
Key facts
- Period
- FY27
The analysis
JM Financial reported Rs 75,775 crore and Rs 1.7 lakh crore for FY27, with movement of 40% attached to those lines. Those are the figures as filed — what moves the price is how they sit against what the market already expected, not their absolute size.
Against that, the stock is -3.5% on the day at ₹120.60, and has returned -2.5% over three months. It sits 32% below its 52-week high, which means a good deal of bad news was already in the price. The capital markets sector has moved -3.4% over the same period, so JM Financial is running 0.9 points ahead of its peers.
With JM Financial, ICICI Bank and State Bank of India all implicated, this reads as a Capital Markets-level move rather than a company-specific one, which is the more durable kind of signal.
Market context
- It touches several names at once (JMFINANCIL, ICICIBANK, SBIN), which points to a sector-level rather than company-specific driver.
- Sector exposure: Capital Markets, Banks, Financial Services.
- The immediate tone of coverage reads positive.
In this story
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