Jio Finance Share Price
Jio Finance share closed at 222.25 on 14 February with the fall of more than 2.5 percent in a trading session. On Friday, shares of this company opens at higher price from its previous closing and made the high of 231.65 but price declined almost Rs. 10 per equity share and closed nearing day’s low. Jio finance share price is trading at its 52 weak low and it is high chance that it will touch its all time low nearing 200.
Jio Financial Services Limited is a NBFC(non banking financial company). Originally, this company is a subsidiary of Reliance Industries(RIL). JFSL was listed on stock exchanges after demerger of Reliance Industries in August 2023. Demerger ratio of Jio financial with Reliance Industries was 1:1, It means if anyone hold a share of Reliance Industries he got a share of Jio Finance.
Jio Finance Share’s 52 week high and low
Share price of Jio Finance touched it’s all time high of 394.7 on 23 April 2024 and this is also the 52 week high of Jio Finance. Company touched its 52 week low of 219.3 on Friday, 14 February 2024. Company’s all time low was nearing 202 and it was touched on 5th day after the listing on 21 August 2023.
How was the Q3 Earnings of Jio Finance
In the third quarter of financial year 2025 company earned profit Rs. 294.8 crore and it is a marginal 0.3 percent increased from the 3rd quarter of financial year 2024. In the same quarter of financial year 2024 company earned Rs. 294 crore as a consolidated net profit. Profit of the company declined more than 50 percent on quarter on quarter basis.
Jio Finance Technical Facts
1. Share price of Jio Finance is trading over five times to its book value.
2. Face value of company is Rs. 10 per equity share.
3. ROE of this company is 1.82 percent.
4. ROCE of this company is 2.16 percent.
5. Company’s shares are trading at the PE of more than 265.
Promoter and Promoter Holding
Jio Financial Services is a Mukesh Ambani led NBFC company. Mukesh Ambani is the India’s richest man and also the promoter of Reliance Industries. As per the recent data available, Promoter stake in the company is 47.12 percent.
Shareholding Patterns of Jio Finance
As per the current data till December, Promoter owns 47.12 percent in the company, Public stake in the company is around 24 percent, Foreign Institutional Investors (FIIs) stake in company is nearly 15 percent and Domestic Institutional Investors(DIIs) have more than 12 percent stake in Jio Finance.
Future Plan of Jio Finance
Non Banking Financial Company of Reliance Industries was demerged with Reliance Industries in July 2023 and listed August 2023 on the both major Exchanges of Indian equity market, it has forayed into various segments of finance like secured and unsecured lending, digital equipment leasing, supply chain financing, Insurance broking, payment bank , payment aggregator and payment gateway services. Company is now trying to enter into the business of Mutual Fund. The joint venture between Jio Finance and BlackRock(the world’s largest asset management company) has received the priciple approval from the Securities and Exchange Board of India. Jio Finance and the world largest asset manager signed an agreement to form a 50:50 joint venture to offer investment solutions.
Market Cap of Jio Financial Services
On Friday, 14 February 2025 share price of Jio Finance closed in red sign at 222.25. In past few months company’s share crashed by more than 20 percent so the current market cap of Jio Finance is around Rs. 1,40,000 crore.
Disclaimer:-
This article is written for information and educational purposes only and is not investment suggestion. Before investing in any company, please consult your financial advisor.