Authored by : ET Now Digital Updated Apr 20, 2024 | 09:25 AM IST Photo : Shutterstock.com Jio Financial Services is founded by billionaire Mukesh Ambani.
(Image: Shutterstock/ET NOW News)Jio Financial Services Share Price Target 2024: Jio Financial Services, founded by billionaire Mukesh Ambani, reported its profits for the January-March 2024 quarter on Friday.
Jio Financial Services Share Price HistoryAccording to BSE data, Jio Financial Services stock has declined by 0.63 percent in the past week, 4.73 percent in the last month, 50.22 percent in the last three months, and 72.61 percent in the last six months.
About Jio Financial ServicesJio Financial Services is an Indian financial services company that was previously part of Reliance Industries.
Jio Financial Services' operating revenue increased to Rs 418.10 crore from Rs 413.61 crore in the third quarter of FY24.
Authored by : ET Now Digital Updated Apr 20, 2024 | 09:25 AM IST Photo : Shutterstock.com Jio Financial Services is founded by billionaire Mukesh Ambani. (Image: Shutterstock/ET NOW News)
Jio Financial Services Share Price Target 2024: Jio Financial Services, founded by billionaire Mukesh Ambani, reported its profits for the January-March 2024 quarter on Friday. Apart from that, Jio Financial Services has formed a joint venture with BlackRock, the world's largest asset manager, to enter the wealth management and broking markets in the nation. The company has already teamed with BlackRock to establish an asset management business in India.
Shares of the Reliance-backed company settled over 2 per cent down at Rs 370 apiece on BSE. The NBFC has a market cap of Rs 2,35,071.51 crore.
Jio financial Share price target 2024
"Jio Finance's stock is showing an increasing trend. The target price for the stock is Rs 410. If it crosses Rs 410, we anticipate that it will continue to rise. To protect your investment, set a stop loss limit of Rs 350, according to market expert Dhawni Patel, who spoke with ET NOW Swadesh.
Jio Financial Services Share Price History
According to BSE data, Jio Financial Services stock has declined by 0.63 percent in the past week, 4.73 percent in the last month, 50.22 percent in the last three months, and 72.61 percent in the last six months. Jio Financial Services Ltd has a market capitalization of Rs 2,35,071.51 on the BSE. The NBFC is a component of the S&P BSE All Cap Index.
About Jio Financial Services
Jio Financial Services is an Indian financial services company that was previously part of Reliance Industries. It became an independent and got listed on Indian stock markets in August 2023.
Jio Financial Services Q4 Results 2024
In the fourth quarter of FY24, Reliance Industries' subsidiary recorded a net profit of Rs 311 crore, up from Rs 294 crore in the October-December 2024 period. Jio Financial Services recorded a standalone PAT of Rs 78 crores, up to Rs 71 crore in Q3 FY24.
Jio Financial Services' operating revenue increased to Rs 418.10 crore from Rs 413.61 crore in the third quarter of FY24. Jio Financial's total income increased 0.93 percent (quarter on quarter) to Rs 418.18 crore in Q4 FY24, compared to Rs 414.33 crore in the previous quarter.
The company stated that it had a solid capital basis to support its expansion goal. Jio Financial Services declared a standalone net value of Rs 24,437 crore. JFL has been rated "AAA" by CRISIL, it said.
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(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers/audience to consult their financial advisors before making any money related decisions.)
