Jio Financial Services Limited has been a focal point for investors due to its share price fluctuations. As of December 26, 2024, the Jio Financial Services share price is ₹304.50, reflecting a marginal decrease of ₹0.20 or 0.066% from the previous trading session. Here we analyze the current market trends surrounding Jio Financial Services Limited shares and provide information on whether to buy, hold or sell.
Jio Financial Services Q2 FY25 Results
Jio Financial Services Ltd on Friday announced a 3% rise in net profit to Rs 689 crore in the second quarter ended September 2024. It had achieved a combined net profit of Rs 668 crore in the same quarter a year ago. Total revenue rose to Rs 694 crore from Rs 608 crore in the same period last year, Jio Financial Services Ltd said in the filing. However, the total cost increased fourfold to Rs 146 crore from Rs 71 crore in the same period last year.
Today Market Overview of Jio Financial Services Share Price
Jio Financial Services shares opened at ₹304.70 and hit a high of ₹306.50 with a trading volume of 1,942,686 shares. The market capitalization is currently around ₹193,393 crore, indicating the significant presence of Jio Financial Services in the non-banking financial company (NBFC) sector.
Jio Financial Services Share Price Target
Angel One recommends accumulating shares of Jio Financial Services at current levels with a target price of ₹355, and suggests a stop loss at ₹300.
Religare Broking suggests buying at an estimated near-term target price of ₹342 with a stop loss of ₹317. He says that Jio Financial Services stock is under pressure, but given the strong fundamentals of Jio Financial Services, it could provide a good buying opportunity.
This article is for informational purposes only and does not constitute financial advice. Investors should do their own research or consult a financial advisor before making an investment decision regarding Jio Financial Services shares or any other securities.
