Jio Financial share price rose in trade on Monday, June 30, taking its winning run to the fifth straight session. During this period, the Mukesh Ambani-owned stock has recorded a 13% upside. The gains follow back-to-back approvals for its various businesses, allowing Jio Financial to offer a holistic investment solutions platform.

Last Friday, Jio BlackRock Broking, a wholly-owned subsidiary of Jio BlackRock Investment Advisers, received regulatory approval from the Securities and Exchange Board of India (Sebi) to commence operations as a brokerage firm.

The broking entity’s parent company, JioBlackRock Investment Advisers, is a 50:50 joint venture between Jio Financial Services and BlackRock Inc. of the US.

The latest approval follows the regulator nod to Jio BlackRock Asset Management Pvt Ltd and Jio BlackRock Investment Advisers to commence operations, thus boosting investor confidence in the counter.