Jio Financial Services shares jump over 3% amid high volume
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Shares of Jio Financial Services rose over 3% to Rs 302.7 in Tuesday's trade on the NSE, supported by strong trading volumes. Nearly 105.96 lakh shares worth Rs 318.4 crore changed hands during the session.As of 31 March 2025, the company's shareholding pattern showed 47.1% held by promoters, 11.7% by FIIs, 6.6% by mutual funds, and 26.8% by the public.The stock has delivered a 30% gain over the past three months, though it remains down 15% over the last 12 months. The company currently commands a market capitalization of Rs 1,92,246 crore.Last week, Jio Financial Services acquired over 7.90 crore equity shares worth Rs 104.54 crore of Jio Payments Bank Limited (JPBL) from State Bank of India (SBI). The transaction, cleared by the Reserve Bank of India (RBI) on 4 June 2025, makes JPBL a wholly owned subsidiary of Jio Financial The acquisition follows Jio Finance's earlier announcement in March to purchase SBI's 17.8% stake in the payments bank.Jio Financial Services reported a 2% year-on-year (YoY) increase in consolidated net profit to Rs 316 crore for the fourth quarter of FY25, up from Rs 311 crore in the same period last year.Revenue from operations rose 18% YoY to Rs 493 crore, compared to Rs 418 crore a year ago. On a sequential basis, revenue grew 13%, while profit after tax increased 7%.Interest income for the January–March 2025 quarter declined slightly to Rs 276 crore, while fee and commission income rose to Rs 39 crore.In the lending and leasing segment, the company's assets under management (AUM) surged to Rs 10,053 crore, a sharp rise from just Rs 173 crore a year earlier.According to Trendlyne, the average analyst target price for Jio Financial Services is Rs 272, suggesting a downside potential of around 10% from current levels. Among the two analysts covering the stock, the consensus rating is 'Hold'.On the technical front, the stock's Relative Strength Index (RSI) stands at 58, indicating neutral momentum. An RSI below 30 suggests an oversold condition, while above 70 indicates overbought levels. The stock is currently trading above its 20-day, 50-day, 100-day, and 200-day simple moving averages, reflecting underlying strength.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
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