bell
The current prices are delayed by 15 mins, login to check live prices.
Jio Financial Services Ltd share price logo

Jio Financial Services Ltd

(JIOFIN)

₹304.32.78%

as on 04:01PM, 20 Dec 2024

Overview
News
Financials
Q2 2024 Results
Technicals
F&O

Jio Financial Services Ltd Analyst Rating

based on 2 analysts

HOLD

0.00%

Buy

100.00%

Hold

0.00%

Sell

Based on 2 analysts offering long term price targets for Jio Financial Services Ltd. An average target of ₹346

Source: S&P Global Market Intelligence

Jio Financial Services Ltd Share analysis

Jio Financial Services Ltd price forecast by 2 analysts

Upside of10.54%

High

₹347

Target

₹346.00

Low

₹345

Jio Financial Services Ltd target price ₹346, a slight upside of 10.54% compared to current price of ₹304.3. According to 2 analysts rating.

Source: S&P Global Market Intelligence

Jio Financial Services Ltd Performance

  • Day's Low

    Day's High

    ₹302.8
    Day's Price Range
    ₹314.75
  • 52 Week's Low

    52 Week's High

    ₹229
    52-Week Price Range
    ₹394.7
1 Month Return-0.38 %
3 Month Return-11.64 %
1 Year Return+ 31.51 %
Previous Close₹313.00
Open₹314.75
Volume1.97Cr
Upper Circuit-
Lower Circuit-
Market Cap₹2,06,227.60Cr

Jio Financial Services Ltd Key Statistics

P/E Ratio123.72
PEG Ratio-0.08
Market Cap₹2,06,227.60 Cr
P/B Ratio9.2
EPS2.53
Dividend Yield0
SectorFinance
ROE1.58

Jio Financial Services Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹2,06,227.60 Cr5.15%0.50₹1,604 Cr₹1,854 Cr
BUY₹2,60,375.67 Cr14.17%0.50₹15,595 Cr₹1,10,382 Cr
BUY₹4,37,905.96 Cr13.26%0.88₹14,451 Cr₹54,971 Cr
BUY₹5,04,384.12 Cr2.49%0.90NANA
BUY₹1,41,456.79 Cr83.4%0.93₹14,145 Cr₹47,517 Cr

About Jio Financial Services Ltd

Jio Financial Services Limited (Jio Finance), a subsidiary of Reliance Industries, operates in the financial services sector. The company was incorporated in 2022 by Mukesh Ambani, with its headquarters and registration office located in Mumbai, Maharashtra. It is registered under the Company Identification Number (CIN) U65929MH2022PLC378602. Jio Finance aims to provide a wide range of financial products and services, including digital payments, lending, insurance, and wealth management.
The company does not have any specific sub-brands yet but is positioned to leverage the extensive customer base of Jio, the telecommunications giant, to expand its operations within India. As a part of Reliance Industries, Jio Finance benefits from the conglomerate's vast infrastructure and market reach. A notable fact about Jio Finance is that it was created to disrupt the financial services market by combining technology and financial offerings, much like Jio's impact on the telecom industry. Another fact is that Jio Finance is focusing on building a digital-first approach, aiming to simplify and enhance financial services for consumers across the country.
While Jio Finance is currently focused on India, it is likely to explore opportunities for growth in other countries, particularly in markets where Reliance Industries has a presence. The company is also expected to explore potential mergers and acquisitions to strengthen its position in the financial services sector, aligning with Reliance's strategy of aggressive expansion and diversification.

Share Price: ₹304.30 per share as on 20 Dec, 2024 04:01 PM
Market Capitalisation: ₹2,06,227.60Cr as of today
Revenue: ₹919.56Cr as on September 2024 (Q3 24)
Net Profit: ₹689.07Cr as on September 2024 (Q3 24)
Listing date: 21 Aug, 2023
Chairperson Name: K V Kamath
OrganisationJio Financial Services Ltd
HeadquartersMumbai
IndustryFinance
E-voting on sharesClick here to vote

Key events for Jio Financial Services Ltd

  • KV Kamath Advocates for Public Sector Bank Success - 13 Dec, 2024

    KV Kamath, Chairman of Jio Financial Services, emphasizes that public sector banks can succeed without privatization by focusing on operational freedom and achieving a 15-20% return on equity.
  • Jio Financial Invests in Mutual Fund Entities - 11 Dec, 2024

    Jio Financial Services has invested approximately Rs 82.9 crore for a 50% stake in Jio BlackRock AMC and Jio BlackRock Trustee, which were established to operate mutual funds.
  • Jio Financial Services Shows Positive Market Signals - 03 Dec, 2024

    Jio Financial Services is consolidating around Rs 332, with support at Rs 306. A breakout above Rs 332 could lead to a rally towards Rs 354.
  • Jio Financial Services Shares in Focus Post BSE Changes - 29 Nov, 2024

    Jio Financial Services, along with other companies, will see increased trading activity following the BSE's revision of circuit limits, enhancing price discovery.
  • Jio Financial Services Joins BSE Sensex 50 - 28 Nov, 2024

    Jio Financial Services will replace Bharat Petroleum in the BSE Sensex 50 starting December 23, 2024, marking a significant milestone for the company.
  • Jio Financial Services Market Cap Rises by Rs 2,166 Crore - 27 Nov, 2024

    Jio Financial Services Limited shares increased by 1.04%, closing at Rs 329.45, resulting in a market cap gain of Rs 2,166 crore. This reflects growing confidence in the company's financial performance and prospects in the NBFC sector.
  • Jio Financial Services Gains and Index Changes - 25 Nov, 2024

    Jio Financial Services shares rose 1.78% to Rs 319.40. The company replaces HDFC Life, BPCL, and LTI Mindtree in the BSE Sensex 50 index.
  • Jio Financial Services Stock Performance on November 14 - 17 Nov, 2024

    On November 14, 2024, Jio Financial Services stock closed at ₹318.35, down 16.78% from its 52-week high of ₹382.00, but up 48.07% from its low of ₹215.05. The stock traded between ₹302.75 and ₹320.50 with a significant volume of over 4.27 million shares.
  • Jio Financial Services May Join Nifty 50 Soon - 15 Nov, 2024

    JM Financial reports that Jio Financial Services and Zomato could be included in the Nifty 50 index in February 2025, with Jio expected to attract $372 million in inflows.
  • Jio Financial Services Gains from F&O Inclusion - 14 Nov, 2024

    Jio Financial Services shares surged nearly 7% following its inclusion in the NSE's futures and options segment, boosting market cap and Nifty 50 inclusion prospects.

Insights on Jio Financial Services Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 4.04% to 4.17% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 23.36% to 24.42% in Sep 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 47.12% of holdings in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 17.48% to 16.81% in Sep 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 7 days, JIOFIN stock has moved down by -4.1%

Jio Financial Services Ltd Financials

Value in ₹ crore
DetailsQ'3 23Q'4 23Q'1 24Q'2 24Q'3 24
Revenue₹825.86Cr (-)₹480.44Cr (↓41.83%)₹495.79Cr (↑3.19%)₹479.74Cr (↓3.24%)₹919.56Cr (↑91.68%)
Net Income₹668.18Cr (-)₹293.82Cr (↓56.03%)₹310.63Cr (↑5.72%)₹312.63Cr (↑0.64%)₹689.07Cr (↑120.41%)
Net Profit Margin80.91% (-)61.16% (↓24.41%)62.65% (↑2.44%)65.17% (↑4.02%)74.93% (↑14.98%)
Value in ₹ crore
Details2021202220232024
Total Assets₹2,065.00Cr (-)₹2,228.12Cr (↑7.90%)₹24,803.10Cr (↑1,013.19%)₹24,474.52Cr (↓1.32%)
Total Liabilities₹5.01Cr (-)₹0.09Cr (↓98.20%)₹748.85Cr (↑8,31,955.56%)₹37.71Cr (↓94.96%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow- (-)₹2,434.13Cr (-)₹123.04Cr (↓94.95%)₹2,052.61Cr (↑1,568.25%)-₹283.44Cr (↓113.81%)

Index Inclusions

Nifty Next 50

₹68,702.65

-2.72 (-1923.05%)

BSE 200

₹10,905.86

-1.89 (-210.17%)

NIFTY 100

₹24,448.85

-1.75 (-436.1%)

Nifty LargeMidcap 250

₹15,666.00

-2.09 (-334.75%)

Nifty 200

₹13,373.90

-1.94 (-264.25%)

Nifty100 Eq Weig

₹31,223.95

-2.18 (-694.7%)

S&P BSE 250 LargeMidCap

₹10,353.28

-1.89 (-199.23%)

S&P BSE 100 LargeCap TMC

₹8,809.09

-1.77 (-158.49%)

Nifty 500

₹22,319.40

-1.9 (-432.75%)

Nifty Services Sector

₹31,563.85

-1.5 (-482.05%)

BSE 500

₹35,082.25

-1.9 (-680.42%)

S&P BSE Fin. Ser

₹11,379.57

-1.62 (-187.38%)

S&P BSE Largecap

₹9,171.23

-1.78 (-165.83%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Jio Financial Services Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
47.12%
0.00
Foreign Institutions
16.81%
-3.83
Mutual Funds
4.17%
3.26
Retail Investors
24.42%
4.56
Others
7.47%
-6.59

Jio Financial Services Ltd Key Indicators

Details2024
Earning Per Share (₹)2.53
Details20202021202220232024
Return On Equity %12.626.167.840.241.58
Details2024
Return On Assets %6.56
Details2024
Book Value Per Share (₹)219.02

Jio Financial Services Ltd Valuation

Jio Financial Services Ltd in the last 5 years

  • Overview

  • Trends

Lowest (0.00x)

March 28, 2024

Industry (27.03x)

December 19, 2024

Today (123.72x)

December 19, 2024

Highest (144.24x)

September 27, 2024

LowHigh

Jio Financial Services Ltd Earnings and Dividends

  • Jio Financial Services Ltd Earnings Results

    Jio Financial Services Ltd’s net profit jumped 3.13% since last year same period to ₹689.07Cr in the Q2 2024-2025. On a quarterly growth basis, Jio Financial Services Ltd has generated 120.41% jump in its net profits since last 3-months.

    Read More about Earnings Results

Jio Financial Services Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Jio Financial Services Ltd is currently in a Bearish trading position according to technical analysis indicators.

FAQs on Jio Financial Services Ltd

  • Get a PAN card.
  • Open a Demat account.
  • Open a Trading account.
  • Link your Demat account to your Trading account.
  • Fund your Trading account.
  • Place an order to buy Jio Financial Services Ltd shares.

Jio Financial Services Ltd (JIOFIN) share price today is ₹304.3

Jio Financial Services Ltd is listed on NSE

Jio Financial Services Ltd is listed on BSE

  • Today’s highest price of Jio Financial Services Ltd is ₹314.75.
  • Today’s lowest price of Jio Financial Services Ltd is ₹302.8.

PE Ratio of Jio Financial Services Ltd is 123.72

PE ratio = Jio Financial Services Ltd Market price per share / Jio Financial Services Ltd Earnings per share

Today’s traded volume of Jio Financial Services Ltd(JIOFIN) is 1.97Cr.

Today’s market capitalisation of Jio Financial Services Ltd(JIOFIN) is ₹206227.6Cr.

Jio Financial Services Ltd(JIOFINPrice
52 Week High
₹394.7
52 Week Low
₹229

Jio Financial Services Ltd(JIOFIN) share price is ₹304.3. It is down -22.90% from its 52 Week High price of ₹394.7

Jio Financial Services Ltd(JIOFIN) share price is ₹304.3. It is up 32.88% from its 52 Week Low price of ₹229

Jio Financial Services Ltd(JIOFINReturns
1 Day Returns
-8.7%
1 Month Returns
-0.38%
3 Month Returns
-11.64%
1 Year Returns
31.51%