Jio Financial Share prices are again in the news. But this time for the big announcement. Backed by Reliance Industries JFS has announced to acquire State Bank of India’s entire stake in Jio Payments Bank for Rs 104.54 Crore. This deal will mark a strategic expansion for the company and turn Jio Payment Bank into its own subsidiary.
Jio Financial Share Price in Today’s Market
As of today 5th March 2025, 10.15 amJFS Shares are trading at Rs 213.50. This is 3.4% up from the price at the opening bell. Currently UC limit for the shares is at Rs 227.01 and the LC limit is at Rs 185.74. These stats reflect investor optimism in the company as it moves strategically to consolidate its position in the banking sector.
Company Financials
The company has reported its third-quarter earnings. The report shows a net profit of Rs 295 crore. Although the profit is down by 57% and revenue also declines by 37% on a quarter-to-quarter basis. But despite all this assets under management have grown substantially to Rs 4199 Crore from Rs 1206 Crore.
Recent News about Jio Financial Services
- Jio Financial Services has been actively expanding its portfolio. The company has already launched its JioFinance App with UPI, Digital Banking, and more related features. Als,o it has started partnering with major financial institutions to start wealth management and broking business.
- Recently the company has announced the acquisition of SBI’s stake in Jio Payments Bank for Rs 104.54 Crore.
Recommendation on Buy or Sell?
Currently, Jio Financial Service has a mixed recommendation from analysts. On moneycontrol website, 100% of the analyst recommend ‘HOLD’ for JFS Shares. Also, some analyst suggests BUY for long-term investors.
All the information given above is for information purposes only. Investors are advised to consult with their certified expert or analyst before making any investment decision.
