What is the Share Price of Jio Financial Services Ltd?
- Answer Field
-
The share price of Jio Financial Services Ltd for NSE is ₹ 253.05 and for BSE is ₹ 253.
Experience smart and hassle-free investing in minutes with Bajaj Broking! *T&C apply
As of the latest trading session, Jio Fin Services Ltd share price is currently at ₹ 253.05, which is down by ₹ -5.72 from its previous closing. Today, the stock has fluctuated between ₹ 249.10 and ₹ 261.62. Over the past year, Jio Fin Services Ltd has achieved a return of -34.86 %. In the last month alone, the return has been 12.27 %. Read More...
Jio Financial Services, a subsidiary of Reliance Industries, has recently experienced significant developments. The company's share price rose sharply, reaching an all-time high and settling at Rs 355.75, marking a 6.56% increase from the previous day. This surge followed reports that Jio Payments might enter the soundbox segment, similar to Paytm Soundbox used in retail outlets.
Additionally, there was a corporate action where Reliance Industrial Investments and Holdings Ltd, a subsidiary of Jio Financial, sold its 100% equity stake in Jio Infrastructure Management Services Ltd to Reliance Strategic Business Ventures Ltd for Rs 0.92 crore. This transaction was clarified as a related party transaction conducted on an arm's length basis, with no involvement of the promoter or promoter group.
Furthermore, Jio Financial Services clarified that it was not in negotiations to acquire Paytm wallet, addressing speculative reports that had caused a surge in its share price. The company emphasized its focus on being a digital-first financial solution provider, leveraging its strong brand equity to build a robust customer base through cross-selling and offering a comprehensive range of financial services.
Metric | Value |
Current Share Price | ₹321.90 (Nov 05, 2024) |
Day Range (Low - High) | ₹318.75 - ₹324.00 (Nov 05, 2024) |
52-Week Range (Low - High) | ₹213.80 - ₹394.70 (Past 52 Weeks) |
Open Price | ₹320.00 (Nov 05, 2024) |
Previous Close | ₹319.85 (Nov 04, 2024) |
Volume (Shares) | 5,979,530 (Nov 05, 2024) |
Total Traded Value | ₹19248.10 Lakhs (Nov 05, 2024) |
Market Cap | ₹204,512.20 Crores (Nov 05, 2024) |
PE Ratio (TTM) | 385.36 (Trailing Twelve Months) |
Dividend Yield | 0.00% (Nov 05, 2024) |
EPS (TTM) | 0.83 (Trailing Twelve Months) |
Net Profit (Qtr) | ₹304.83 Crores (Sep 2024 Quarter) |
Net Profit Margin (%) | 79.63% (Sep 2024 Quarter) |
ROE | 1.58% (Nov 05, 2024) |
Upper Circuit | ₹383.80 (Nov 05, 2024) |
Lower Circuit | ₹255.90 (Nov 05, 2024) |
Performance Overview
The JIO Finance share price stands at ₹321.90 as of Nov 5, 2024, fluctuating within the day’s range of ₹318.75 to ₹324.00.
The company’s market cap is valued at ₹204,512.20 Crores as of Nov 5, 2024.
With a P/E ratio of 385.36 and an EPS of 0.83 (TTM), JIO Finance presents a unique valuation in the market.
Metric | Value |
Revenue (Annual) | ₹382.77 Crores (Sep 2024) |
Operating Expense | ₹54.37 Crores (Sep 2024) |
Net Profit | ₹304.83 Crores (Sep 2024) |
Net Profit Margin | 79.63% (Sep 2024) |
Earnings Per Share (EPS) | 0.48 (Sep 2024) |
EBITDA | ₹331.86 Crores (Sep 2024) |
Effective Tax Rate | 7.27% (Sep 2024) |
Book Value per Share | ₹39.05 (Sep 2024) |
Market Cap | ₹204,512.20 Crores (Nov 05, 2024) |
Return on Equity (ROE) | 1.58% (Nov 05, 2024) |
Annual Performance Summary
JIO Finance's annual revenue for Sep 2024 is ₹382.77 Crores, reflecting solid financial growth.
Operating expenses amounted to ₹54.37 Crores in the same period, ensuring cost-efficiency.
The EBITDA for Sep 2024 is ₹331.86 Crores, highlighting strong earnings before interest, taxes, depreciation, and amortisation.
Dividend Metric | Details |
Dividend Yield | 0.00% (as of Nov 05, 2024) |
Dividend History | No dividend payout recorded for the last year |
Company Policy on Dividends | JIO Finance has maintained a reinvestment-focused strategy with no current dividend distribution as of Nov 05, 2024 |
Expected Future Dividends | Currently undetermined; future payouts depend on profitability and strategic direction |
Highlights
JIO Finance has a dividend yield of 0.00% as of Nov 05, 2024, indicating no recent dividend distribution.
The company’s current strategy focuses on reinvestment rather than providing shareholder dividends.
Dividend history shows no payouts for the last year, aligning with its growth-centred approach.
Future dividend expectations remain unclear, with potential contingent on profitability trends and strategic goals.
Who is the CEO of JIO Fin Services Ltd?
The CEO of Jio Fin Services Ltd is Hitesh Kumar Sethia. His leadership plays a crucial role in steering the company’s strategic direction and expanding its financial services offerings to meet market demand.
When was JIO Fin Services Ltd established?
JIO Fin Services Ltd was established on July 22, 1999, initially named Reliance Strategic Investments Private Limited. It was restructured and renamed to JIO Financial Services Limited in 2023 as part of a strategic shift.
What factors influence the JIO Finance share price?
Several factors impact the JIO Finance share price, including the company’s quarterly earnings, growth in revenue, market conditions, investor confidence, regulatory changes, and economic events that affect financial services sectors.
Is JIO Fin Services Ltd debt free?
Jio Fin Services Ltd is largely focused on a sustainable financial model with no current debt pledges by its promoters, indicating a strong balance sheet. This debt-free status enhances the company’s financial stability and flexibility for future growth.
What is the CAGR of JIO Finance Share?
The Compound Annual Growth Rate (CAGR) of the Jio Finance share price for 1 year is 48%. This rate highlights significant growth in share value, driven by strong market performance and investor interest over the last year.
How has the JIO Finance share price performed over the past year?
Over the past year, the JIO Finance share price has ranged between ₹213.80 and ₹394.70. This reflects significant price movement influenced by market trends, company developments, and economic factors impacting investor sentiment.
Jio Financial Services Limited was incorporated as a Private Limited Company with the name and style of Reliance Strategic Investments Private Limited' dated July 22, 1999, issued by the Registrar of Companies, Maharashtra in Mumbai. Subsequently, the Company got converted from a Private Limited Company to a Public Limited Company and consequently renamed as Reliance Strategic Investments Limited' dated January 14, 2002, at Mumbai. Consequently, through the Scheme of Arrangement, the name of Company has been changed to Jio Financial Services Limited and a fresh Certificate of Incorporation dated July 25, 2023 was issued by the Registrar of Companies, Maharashtra at Mumbai.
'Jio' is regarded as a trusted brand in India, widely recognised by retail customers, merchants and small businesses. At present, Company is is engaged in the business of investing & financing, insurance broking, payment bank, payment aggregator and payment gateway services.
The payments platform helps merchants grow their business by giving them solutions which allows them to accept payments, acquire and retain consumers, improve their business operations, and access financial services. The payment bank provides a comprehensive suite of digital payment banking solutions, to both individuals and small business (including merchants). Insurance broking business offers insurance led solutions to the walk-in customers at retail store outlets servicing them both digitally and with dedicated sales associates and trained staff. It focuses on providing insurance solutions to corporate customer, vendor partners and small businesses.
The share price of Jio Financial Services Ltd for NSE is ₹ 253.05 and for BSE is ₹ 253.
The market cap of Jio Financial Services Ltd for NSE is ₹ 16,07,69.90 Cr. and for BSE is ₹ 0.0 Cr. as of now.
The 52 Week High and Low of Jio Financial Services Ltd for NSE is ₹ 387.35 and ₹ 198.65 and for BSE is ₹ 387.00 and ₹ 198.60.
You can trade in Jio Financial Services Ltd shares with Bajaj Broking by opening a Demat Account.
The 1 year returns on the stock has been -33.80%.
Jio Financial Services Ltd share price is for NSE ₹ 253.05 & for BSE ₹ 253 as on Apr 25 2025 03:30 PM.
The market cap of Jio Financial Services Ltd for NSE ₹ 16,07,69.90 & for BSE ₹ 0.0 as on Apr 25 2025 03:30 PM.
As on Apr 25 2025 03:30 PM the price-to-earnings (PE) ratio for Jio Financial Services Ltd share is 294.19.
As on Apr 25 2025 03:30 PM, the price-to-book (PB) ratio for Jio Financial Services Ltd share is 39.32.
You can trade in Jio Financial Services Ltd shares with Bajaj Broking by opening a demat accountopens in a new tab.
To buy Jio Financial Services Ltd shares on the Bajaj Broking app, follow these steps:
• Login to the Bajaj Broking App
• Click on the Search Icon
• Search “Jio Financial Services Ltd”
• Click on the BUY icon
• Place a buy order specifying the desired quantity of shares.
• Click BUY again to complete the purchase
No results found