As of today, February 27 2025, Jio Financial Services is experiencing a 4% rise from its 52-week low of 217.01. While the company saw a block deal of nearly 11 lakh shares. Jio Financial Services opened its stock at ₹226.36, very similar to the previous close. The current share price stands at ₹222.72, approximately 1.5% lower than the opening bell rate.
Analysts and market experts suspect that the stock drop could be due to factors such as JFS’s third-quarter performance, Operational delays and below-average stock trading. JFS declared it would expand into mutual funds, insurance, and digital finance. However, investors are still awaiting news from JFS on these plans, leading to frustration. With multiple factors coming into play, read ahead to know if you should buy, sell, or hold.
Jio Financial Services’ Share Price in Today’s Market
As of 2 p.m., JFS’s share price is 222.40, very close to the previous close and the opening bell rates. Estimates on Money Control show that the current market capitalization is Rs. 141,106 Cr; the UC Limit is 248.95, and the LC Limit is 203.68.
Company Financials
JFSL announced its third-quarter financial results on January 17, 2025. The data reported a net profit of Rs. 294.78 crore, with a marginal increase of 0.3% compared to the previous third quarter, resulting in Rs. 293.82 crore profit. JFS gained Rs. 438.35 crores in revenue from operations. Their net interest income (NII) reported Rs.205 crores, a 21.9% decrease year-over-year but a 2.5% increase quarter-over-quarter.
Recent News About Jio Financial Services
- JFS and BlackRock collaborated and invested ₹117 crores into BlackRock Asset Management Private Limited, their joint venture.
- On February 14, JFS’s stock reached a 52-week low of ₹221.1.
- JFS is expected to be included in the Nifty 50 index by the end of March this year.
Jio Financial Services Share Price Target
According to Terndlyne Jio Financial Services Ltd., the average target is 316.50. The consensus estimates an upside of 42.50% from the last price of 222.10.
Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, stated at Business Today: “Jio Financial shares are at their lower end. Investors with a long-term view can add this stock on dips, given the company’s foray into financial services, stock broking and AMC (Asset Management Company) business as well,”
Ravi Singh, Senior Vice-President at Religare Broking said, “One can consider buying the stock around Rs 220, expecting an upside target price of Rs 240. Keep stop loss placed at Rs 210.”
Recommendation Buy, Sell, Or Hold?
100% of the analysts on Money Control recommend ‘Hold,’ while there are mixed suggestions for ‘buy’ and ‘hold’ from experts in Trendlyne. Before making your final move, consider Jio Financial Services’ long-term performance and consult your analyst to make your perfect move.
