Jio Financial Share Price is in the news since the Jio Black Rock received approval from SEBI for stockbroker registrations. The share prices has already spiked 0.64% since the market opening. Let’s check company financials, recent news and recommendations.
Jio Financial Share Price in The Market Today
As of today, Jio Financial Share price is at Rs 330.95. That is 0.64% up since the market opening, and touched a high of Rs 332.75. The current UC limit is at Rs 361.70 and the LC limit is at Rs 296.00. The total market capitalization of the company stands around Rs 210,670 crores.
Company Financials
The Q4 results for Jio Financial Services have been released already. It shows a 1.26% up spike in total income to Rs 315.17 crores. But operating profits are down by 25.93% to Rs 154.16 crores and operating margins are down to 48.91%. However, PAT or profit after tax has grown by 1.76% to Rs 316.11 crores.
Recent News
- The Jio Black Rock debut in mutual fund NFO has raised an impressive Rs 17800 crores. This has boosted investors’ confidence in the stock.
- SEBI has recently granted stockbroker registration to Jio BlackRock Broking Pvt Ltd. This has become a positive catalyst for the spike in share prices.
Jio Financial Share Price Target
There are multiple target price suggestions for Jio Financial Shares. FIGW has suggested Rs 250 by the end of this year. S&P Global Intelligence has suggested a higher target of Rs 331.75. However, Consensus analysts have suggested a target price of Rs 272.00.
Recommendation on Buy or Sell
According to the moneycontrol website, 100% of the share analysts suggest holding. On the other hand, Consensus analyst suggests for holding these stocks.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
