Jio Financial Services Ltd. (JFSL) is a rapidly growing player in India’s financial services industry. Leveraging the strengths of its parent company, Reliance Industries, JFSL has become a prominent name in fintech, offering innovative solutions. This blog provides a detailed analysis of its share price details, company overview, business operations, peer comparison, and Jio Financial Services Share Price Target for the years 2024 to 2040.
Jio Financial Services Share Price Details
Period
High (₹)
Low (₹)
52-Week
394.70
215.10
Current Price (November 2024)
317.55
N/A
The fluctuations reflect growing investor interest and market volatility as the company establishes itself in the financial sector.
JFSL was demerged from Reliance Industries in August 2023, with shareholders receiving shares on a 1:1 basis. The company operates through key subsidiaries such as Jio Payments Bank, Jio Insurance Broking, and the Jio BlackRock Asset Management JV, offering a comprehensive suite of financial solutions.
Jio Financial Services Business Overview
JFSL aims to redefine financial services in India with technology-driven offerings. Key business areas include:
Digital Payments: Seamless payment solutions via Jio Payments Bank.
Insurance Broking: Offering a diverse range of insurance products.
NBFC Services: Providing consumer and business loans.
Asset Management: Wealth management and investment services via the Jio BlackRock JV.
The JioFinance app integrates payments, loans, and insurance offerings, reflecting the company’s digital-first approach.
Jio Financial Services Shareholding Pattern
Category
Shareholding (%)
Promoters
47.12%
Foreign Institutional Investors (FIIs)
16.88%
Domestic Institutional Investors (DIIs)
11.49%
Public (Retail Investors)
24.50%
The shareholding pattern reflects a balanced mix of promoter control and institutional and retail investor participation.
Below is a detailed month-wise share price target for Jio Financial Services from 2024 to 2040:
Jio Financial Services Share Price Target 2024
Month
Price (₹)
January
320
February
330
March
340
April
350
May
360
June
370
July
380
August
390
September
400
October
410
November
415
December
423
Jio Financial Services Share Price Target 2025
Month
Price (₹)
January
430
February
440
March
450
April
460
May
470
June
480
July
490
August
500
September
520
October
540
November
560
December
575
Jio Financial Services Share Price Target 2026
Month
Price (₹)
January
580
February
590
March
600
April
610
May
620
June
630
July
640
August
650
September
655
October
660
November
665
December
675
Jio Financial Services Share Price Target 2027
Month
Price (₹)
January
680
February
690
March
700
April
710
May
720
June
730
July
740
August
750
September
755
October
760
November
765
December
770
Jio Financial Services Share Price Target 2028
Month
Price (₹)
January
780
February
790
March
800
April
810
May
820
June
830
July
840
August
850
September
860
October
865
November
870
December
875
Jio Financial Services Share Price Target 2029
Month
Price (₹)
January
880
February
890
March
900
April
910
May
920
June
930
July
940
August
950
September
960
October
970
November
980
December
990
Jio Financial Services Share Price Target 2030
Month
Price (₹)
January
1,000
February
1,020
March
1,040
April
1,060
May
1,080
June
1,100
July
1,120
August
1,130
September
1,140
October
1,150
November
1,160
December
1,170
Jio Financial Services Share Price Target 2040
Month
Price (₹)
January
2,200
June
2,400
December
4,040
Peer Comparison
Company
Market Cap (₹ Cr.)
P/E Ratio
P/B Ratio
ROE (%)
Jio Financial Services
199,366
132.40
1.51
1.15
Bajaj Finserv
280,000
34.83
2.80
13.50
Shriram Finance
100,000
16.37
2.53
15.04
Chola Investment
80,000
33.55
6.26
17.45
FAQs
1. What is the share price target for JFSL in 2024? The share price is expected to reach ₹423 by December 2024.
2. Why is JFSL trading at a high P/E ratio? JFSL’s high P/E ratio reflects market optimism about its growth, driven by innovative fintech solutions and strategic partnerships.
3. How does JFSL compare to peers? While JFSL shows high revenue growth potential, its profitability metrics like ROE and net profit margin are currently lower than peers like Bajaj Finserv.
Final Words
Jio Financial Services Ltd. is poised to revolutionize India’s financial sector with its digital-first approach. The detailed month-wise targets reflect steady growth, making it a promising long-term investment.
