In 2024, the Jio Financial Services share price surged up to almost double from its 52-week low. As per news and investor reports in the long term, the stock can be the top choice of millions of investors as it has a huge potential. If you also invest, you should know Jio Financial Services’ share price target for 2024, 2025, and 2026.
Millions of investors are excited about the stock because, in the year 2024, the stock has given approximately 50% return as of 19 July. The interesting thing is that the company’s complete business is still unknown. No buddy knows which business the company will enter in the future.
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About Jio Financial Services Ltd
Jio Financial Services Limited is a reliance group company. In 2023, the company demerged from the reliance limited and was listed in the NSE and BSE as Jio Financial Services Limited.
As of now, Jio Financial Services is involved in 4 businesses-
- Loans
- Payments Bank
- Insurance Broking
- Payment Solutions
Loan Business: The company offers 3 types of loans i.e. personal loans, loans for businesses, and consumer durable loans. Check full details on the loans’ official website, like charges, eligibility, limits, etc.
Payments Banks: The company also offers payment bank services where people can open a bank account, create UPI, etc. for their day-to-day uses.
Insurance Broking: In the insurance broking business the company offers 4 types of insurance Car insurance, bike insurance, life insurance, and health insurance.
Payment Solutions: In the payment solutions, the company offers a payment gateway to accept payment from customers or users from the web, app, etc.
Stock Overview
As of 19 July 2024, the stock is currently at Rs. 334.90 (after market closing). The 52-week high of the stock is Rs. 394.70 and the 52-week low is Rs. 202.80. As you can see over the past few months the stock has given good returns to investors.
Jio Financial Services’s Scrip Info
| NSE | JIOFIN |
| BSE | 543940 |
| ISIN | INE758E01017 |
| SECTOR | Finance – Others |
Company Analysis
Below you’ll find Jio Financials Services Limited’s company information like financials, fundamentals, and shareholding patterns. This information plays an important role in identifying good companies for investing.
Note: The information below is not enough for a complete analysis of any company or stock. Kindly cross-check this information with any screener or broker.
Note: All the values are in (₹) Rupees Crore.
| Quarter | Net Profit & Loss |
|---|---|
| Jun 2023 | ₹332 |
| Sep 2023 | ₹668 |
| Dec 2023 | ₹294 |
| Mar 2024 | ₹311 |
| June 2024 | ₹313 |
| Year | Net Profit & Loss |
|---|---|
| Mar 2020 | NA |
| Mar 2021 | NA |
| Mar 2022 | NA |
| Mar 2023 | ₹31 |
| Mar 2024 | ₹1,605 |
Note: It is the company’s financial performance data, typically released every three months (quarterly) or once a year (annually).
| Market Cap | ₹2,13,883Cr | ROE | 1.15% |
| P/E Ratio (TTM) | 134.66 | EPS (TTM) | 2.50 |
| P/B Ratio | 1.54 | Div. Yield | 0.00% |
| Industry PE | 19.95 | Book Value | 219.02 |
| Debt to Equity | 0.00 | Face Value | 10 |
| Held By | Dec 2023 | Mar 2024 | Jun 2024 |
|---|---|---|---|
| FIIs | 19.83% | 19.45% | 17.55% |
| DIIs | 12.99% | 12.50% | 11.79% |
| Public | 19.92% | 20.77% | 23.39% |
| Promoters | 47.12% | 47.12% | 47.12% |
| Government | 0.14% | 0.14% | 0.15% |
Key Insights
Key Insights includes positive and negative information about the company’s business model, analysts’ ratings, fundamentals, financials, and more. Kindly cross-check the information from your side too for extra confirmation.
- It is making profits continuously.
- The PE Ratio of the company is very high (PE>40).
- Jio Financial Services Ltd has almost 0 or low debt.
- There are no improvements in the recently released earnings.
- The company’s profit margin is above industry medium.
- The company does not generate cash from its business.
- Mutual Funds decreased their shareholding in the recent quarter.
- The company has shown good growth in the recent quarterly results.
Quarterly Result – July 2024
- Sales: In the March 2024 quarter the sales were 418 and in July 2024 the sales are the same i.e. 418.
- Net Profit&Loss: In the March 2024 quarter, the company showed a net profit of Rs. 311 Crore and in the June 2024 quarter, the net profit was Rs. 313 Crore. In short, profit is up by Rs. 2 Crore compared to its last quarter profit.
- EPS (Earnings per Share): Earnings per share of the Jio Financial Services Ltd company is also the same as the March and July 2024 quarter i.e. Rs. 0.49.
Jio Financial Services Share Price Target
No doubt, for the long term like 3 to 5 years the Jio financial services stock is good as the company may enter many other finance-related businesses and is already making profits from the industry in which it is currently working.
Currently, the stock is trading at Rs. 334, approximately 15% down from its all-time high. For investing, buying good stocks at least a 10% discount is considered as good.
| Year | Min Target | Max Target |
|---|---|---|
| 2024 | ₹350 | ₹400 |
| 2025 | ₹400 | ₹450 |
| 2026 | ₹600 | ₹650 |
Disclaimer: We are not SEBI registered, this post is only for educational purposes. We give the stock price targets based on analysts’ research, news, price action, etc. Please do research or talk to your financial advisor before making any decision.
Jio Financial Services Share Price Target 2024
The Jio Financial Services stock is very bearish and has fallen in the last few weeks due to the bearish market. It may fall for a few more days but it is a good investment opportunity for the long term.
In January 2024, KRChoksey was given a Jio Financial Services share price target of Rs. 290 for the year. In April 2024, the target was achieved by the stock.
It does not mean the stock price will not move up as the target is hit. For 2024 the Jio Financial services share price target is Rs. 350 to Rs. 400. The stock will start going up soon once the bearish market is over.
Jio Financial Services Share Price Target 2025
The business in which Jio Financial Services Limited is entering is very competitive as there are many giant companies like Bajaj Finance, HDFC AMC, etc. have had a strong market share in the respective sectors.
On the other side, Jio Financial Services Ltd company has a lot of advantages like huge data as millions of people use Jio sim cards. This data can be used for promoting services which decreases marketing costs and makes promoting services easier.
In the Profit and Loss, there are no major profits made or shown by the company. If the profit of the company rises in the next few quarters then we can see the target of Rs. 400 to Rs. 450 in the Jio Financial Services share price.
Jio Financial Services Share Price Target 2026
For the long term, the stock is good but it is hard to give any share price target as the business of the company is not clear yet. According to the rumors and news the company will be involved in more business in the upcoming years.
So, without knowing the complete business, we can not share any target for the stock.
But in case you want any rough share price target based on the business in which the company will join. You can expect the Jio Financial Services share price target of Rs. 600 to Rs. 650.
Jio Financial Services Share Price Forecast
Only 1 analyst has given a target of Rs. 395. This is the maximum estimated share price target for Jio Financial Services Limited. The target is given or valid only for 1 year.
FAQs
As mentioned previously the businesses of the company are not revealed yet but it is expected that the company will enter into the finance sector’s businesses.
So, if you want to invest then it depends on you whether you want to invest or not.
Currently, the company is involved in 4 businesses Loan, Payments Bank, Insurance Broking, and Payment Solutions.
There are various types of loans, insurance, and payment options the company provides to the customers.
As of 10 May 2024, the Jio Financial Services stock is available at a discounted price as the market is bearish. For 2024, its target is approx Rs. 400 or 14% to 15% from this current level. This is the minimum estimated target that can be easily achieved.
Final Words
Jio Financial Services Limited is a Reliance group company. Soon, the company may enter many NBFCs and other related businesses. This sector is competitive but investors believe that the company can handle it. So, analysts are bullish on the Jio Financial Services share price target for 2024, 2025, and 2026.