Jio Financial Services share price had a lively stock day, opening at ₹270 and closing at ₹268.55. The current price is ₹274.00, reflecting a 4.26% change. Positive trends indicate an optimistic future.
Jio Financial Services share price
Jio Financial Services is an Indian company which is deals in financial services business through subsidiaries namely Jio Finance Limited (JFL), Jio Insurance Broking Limited (JIBL), and Jio Payment Solutions Limited (JPSL), and joint ventures namely Jio Payments Bank Limited (JPBL).
Today, Jio Financial Services had an eventful day on the stock market. It kicked off with an opening price of ₹270 and wrapped up at ₹268.55. Throughout the day, the stock danced between a high of ₹270.45 and a low of ₹261.8, showcasing some market excitement.
The company’s market capitalization stands strong at ₹166,996.07 crore. Over the past year, the stock’s journey has seen a high of ₹295.7 and a low of ₹204.65
Jio Financial Services share price Today
Jio Financial Services share price as of February 9, 2024. The current share price is 274.00 INR, which reflects a change of +11.20 (4.26%) for the day.
Jio Financial Services share price Range
The Jio Financial Services stock had a low price of ₹258.5 and a high price of ₹269.6 for the day.
A brief History of Jio Financial Service
Jio Finance Services Ltd. is a part of Reliance Industries. Under the Companies Act 1956, Jio Finacial Services Limited was incorporated as Reliance Strategic Investment Private Limited on July 22, 1999.
After the incorporation company name was changed on January 14, 2002, which is Reliance Strategic Investments Limited, and was given a fresh certificate for incorporation.
On July 25, 2023, Reliance Strategic Investments Limited’s name was changed, and provide new name is Jio Financial Services Limited, and provide fresh incorporation certificate.
Jio Financial Service Limited is registered with the Reserve Bank Of India as a Non-deposit-taking, Non-Banking Financial Company.
CIN: L65990MH1999PLC120918
Who is the promoter of Jio Financial Services?
The Indian billionaire Mukesh Ambani held a 46.77 percent share of Jio Financial Services at the end of September quarter 2023, which is up 97 of its basis point from 45.9 percent at the time of listing in August 2023.
Jio Financial Services share price stock peers
Jio Financial Services is currently trading at ₹265.75, with a modest rise of 2.9 points (1.1%). Let’s take a peek at its companions on the stock board:
- Mankind Pharma: Priced at ₹2267.2, it experienced a gain of 18.25 points (0.81%). The stock has seen highs at ₹2297.0 and lows at ₹1240.75, boasting a market cap of ₹90821.41.
- Indian Renewable Energy Development Agency: It’s at ₹179.55, encountering a dip of 9.45 points (-5.0%). Ranging from ₹215.0 to ₹49.99, its market cap is ₹41019.99.
- Tata Technologies: Currently at ₹1138.75, the stock gained 25.75 points (2.31%). Its 52-week range extends from ₹1400.0 to ₹1071.0, and the market cap is ₹46195.5.
- JSW Infrastructure: Priced at ₹209.7, it saw a slight drop of 1.95 points (-0.92%). The stock has highs at ₹247.4 and lows at ₹141.75.
Market Capitalization of Jio Financial Service
If we talk about the market Capitalization of Jio Financial Service it captures a market price of Rs1,72,269Cr which makes it the biggest company according to its market capitalization.
Share Price Analysis of Jio finance service?
If we talk about the share price analysis of Jio Financial Service so
On February 10, 2024, its share price open Rs 264.40 and went to a low of 258.40 and a high of 269.65, the current price is Rs.264.50 which shows an increment of +1.70 of its share and provides a return is 0.65% which is also increase.
If we talk about the past one-week analysis of Jio finance services then it shows an increase of +12.25 and the return also shows an increment of 4.85%.
If we see the past month’s analysis of the Jio Finance service then it shows an increase of +20.85 and also sees an increase of return of 8.62%.
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Jio Financial Services share price Target 2024
In 2023, many Indian stocks, including JIOFIN, enjoyed a fantastic Bull run. Looking ahead to the first quarter of 2024, it seems the market’s positive vibes will continue, though with a bit of consolidation in the initial months. According to technical data, JIOFIN is predicted to have a minimum share price target of ₹295.71 and a maximum target of ₹346.33 in 2024.
- January 2024: ₹295.71
- February 2024: ₹302.31
- March 2024: ₹295.71
- April 2024: ₹292.48
- May 2024: ₹295.76
- June 2024: ₹346.25
- July 2024: ₹346.34
- August 2024: ₹346.33
- September 2024: ₹346.27
- October 2024: ₹346.37
- November 2024: ₹346.32
- December 2024: ₹346.33
Jio Financial Services share price Target 2025
In 2025, the outlook for JIOFIN’s share price is quite optimistic. The forecast suggests that by January, the share price could hit Rs. 370.29. If the broader economic factors and industry trends continue to support, we might even see the target price reaching Rs. 366.92 by December 2025.
- January 2025: ₹370.29
- February 2025: ₹376.9
- March 2025: ₹370.32
- April 2025: ₹367.02
- May 2025: ₹366.99
- June 2025: ₹367.05
- July 2025: ₹367.01
- August 2025: ₹366.96
- September 2025: ₹366.95
- October 2025: ₹366.95
- November 2025: ₹366.93
- December 2025: ₹366.92
The initial target for JIOFIN in 2025 is ₹370.29, and with favorable market conditions, it could potentially reach ₹367.05 mid-year and close the year at ₹366.92, considering a bullish market trend.
Share Price Analysis of Jio finance service?
If we talk about the share price analysis of Jio Financial Service so
On February 10, 2024, its share price open Rs 264.40 and went to a low of 258.40 and a high of 269.65, the current price is Rs.264.50 which shows an increment of +1.70 of its share and provides a return is 0.65% which is also increase.
If we talk about the past one-week analysis of Jio finance services then it shows an increase of +12.25 and the return also shows an increment of 4.85%.
If we see the past month’s analysis of the Jio Finance service then it shows an increase of +20.85 and also sees an increase of return of 8.62%.
Can I buy Jio Finance service Share?
After seeing the share price in the analysis report of the past week and one month we can see the price rate is increasing up to Rs +20.85. and the return has also increased up to 8.62%, indicating an increase in share price in the future. and according to experts, they suggest buying the share.
What is the target share price of Jio finance service in 2024?
If we talk about the target price of Jio Finance Services in 2024 according to share market experts and Domestic Brokerage KRChoksey research report its stock price Rate Target will be Rs 290 a share. which shows an upside of 24%.
What is the target share price of Jio finance service in 2024?
If we talk about the target price of Jio Finance Services in 2024 according to share market experts and Domestic Brokerage KRChoksey research report its stock price Rate Target will be Rs 290 a share. which shows an upside of 24%.
What is the target of the share price of Jio Finance in 2025?
The target price of Jio Finance Service in 2025 is Rs 370.29 and the Mid-year price target is Rs 367.05. it will show the increment and indicate the strong Buy and long-term Kepts Suggestion.
Is Jio Finance taking over Paytm?
Mukesh Ambani Company Jio Finacial Services Officially clarified that they could not talk with troubled One 97 Communications to acquire Paytm wallet. according to JFSL, they clarified that they have not been in any kind of negotiations in this regard.
Conclusion
Jio Finance Service is an Indian Company that works in different sectors in India. its share price is shown the increase so if you are planning long-term planning for share then you can purchase it. In this article, data are taken from reputed sites if you have any kind of suggestion related to this article then drop your suggestion into the comment box.
