Jio Financial Shares Up 10% In A Month; Analysts See More Upside Potential

Shares of Jio Financial Services Ltd continued to emergence for nan 2nd consecutive convention connected Wednesday. The banal was past seen trading 1.93 per cent up astatine Rs 255.50. At this price, it has climbed 9.85 per cent successful nan past 1 month.

The institution reported a 1.61 per cent year-on-year (YoY) emergence successful consolidated nett profit to Rs 316 crore for nan March 2025 4th (Q4 FY25), compared to Rs 311 crore successful nan aforesaid play past year. During nan 4th nether review, liking income slipped marginally to Rs 276 crore. Total expenses, including provisions, for Q4 FY25 jumped 63.11 per cent to Rs 168 crore arsenic compared to Rs 103 crore successful Q4 FY24 owed to nan scaling of businesses.

A fewer method analysts remained affirmative connected nan counter, suggesting an upside imaginable of up to Rs 300 level.

"Jio Financial has made a very decent move aft bottoming retired astir nan Rs 200 zone. So, immoderate dip towards Rs 250 will beryllium a bully buy. Keep a strict extremity nonaccomplishment of Rs 240, expecting upside targets of Rs 280-300 for sure," Kiran Jani, Head of Technical Research astatine Jainam Broking, told Business Today.

The banal has imaginable to deed expected targets of Rs 280–301 successful a mates of weeks, said Mileen Vasudeo, Senior Technical Analyst astatine Arihant Capital Markets.

The scrip traded higher than nan 5-day, 10-, 20-, 30-day and 50-day elemental moving averages (SMAs) but little than nan 100, 150-day and 200-day (SMAs). Its 14-day comparative spot scale (RSI) came astatine 67.90. A level beneath 30 is defined arsenic oversold while a worth supra 70 is considered overbought.

As per BSE, nan banal has a price-to-equity (P/E) ratio of 300.72 against a price-to-book (P/B) worth of 6.42. Earnings per stock (EPS) stood astatine 0.83 pinch a return connected equity (RoE) of 2.13. According to Trendlyne data, Jio Financial has a one-year beta of 1.4, indicating precocious volatility.

The antagonistic saw dense trading measurement arsenic astir 18.76 lakh shares changed hands astatine nan clip of penning this story. The fig was higher than nan two-week mean measurement of 15.18 lakh shares. Turnover connected nan antagonistic came astatine Rs 47.86 crore, commanding a marketplace capitalisation (m-cap) of Rs 1,62,958.08 crore.

Last checked, promoters held a 47.12 per cent liking successful nan Reliance Industries-backed entity.

Published on: Apr 23, 2025 1:11 PM IST