Jio Financial Share Prices are in the news because of touching a new 52-week low. Though it is a big player in the financial segment currently it’s experiencing fluctuations in the market. What are the company financials and target prices look like? Let’s dive into the details in this article today.
Jio Financial Share Price in Today’s Market
As of 4th March 10.15 am Jio Financial Share prices are at Rs 204.44 which is 2.57% Up. The shares opened at Rs 199.99 today which is slightly lower than the previous day’s close of Rs 200.92. According to moneycontrol, the current UC Limit is at Rs 221.01 and LC Limit is Rs 180.82.
Company Financials
Jio Financial has released its Q3 data, where it shows a net profit of Rs 294.78 Crores. Which is almost the same as the same period last year. Its revenue from operations also grew by 5.98% to Rs 438.35 Crore compared to the same period last year.
Recent News about Jio Financial Services
The company is in the news as it is strategically expanding into financial services. This includes partnering with international companies like Black Rock for mutual funds.
Jio Financial Shares will be enlisted into the Nifty 50 index by the end of March 2025. This will drive funds inflow and should stabilize market performance.
Jio Financial Share Target Prices
This share has mixed reactions from various experts. Some suggest share prices could go up to Rs 420 to Rs 576 as the company is expanding with strategic partnerships. On the other hand, S&P Global Market intelligence suggests shares could reach Rs 316.50 in the short-term which is 39.85% higher than the current price.
Recommendation of Buy or Sell?
As per market experts investors who are considering long-term can buy Jio Financial Shares. On moneycontrol website, All analyst suggests holding shares.
All the information given above is for information purposes only. Investors should consult their certified experts or analyst before making any investment related decision.
