Mumbai, India – Jio Financial Services (JFS), the recently demerged financial arm of Reliance Industries, continues to be a focal point for investors, with its stock navigating a dynamic market following key announcements about its new product rollouts.
As of the market close on Tuesday, September 23, 2025, the company’s stock, trading on the National Stock Exchange (NSE) under the symbol JIOFIN, settled at approximately ₹312.55. This represented a marginal decline of about 0.41% during the day’s trading session.
Stock Performance at a Glance:
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Ticker Symbol: JIOFIN
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Market Capitalization: Approximately ₹1,99,398 Crore
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52-Week Range: The stock has traded between a low of ₹198.65 and a high of ₹363.00 over the past year.
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Valuation: The stock trades at a high Price-to-Earnings (P/E) ratio of around 122, indicating strong future growth expectations are priced in by the market.
In Thursday’s trading session, shares of Jio Financial Services Ltd (JFSL) were observed to be 1.03 percent lower, priced at Rs 327.10. Despite this recent decline, the stock has experienced a substantial rise of 47.18 percent over the last six months. In a significant development, Jio Black Rock Asset Management Pvt Ltd, formed through a 50:50 partnership between JFSL and the renowned global investment firm BlackRock, has recently launched its inaugural series of five index funds via a new fund offering (NFO).
In terms of earnings, the company reported a consolidated net profit increase of 3.85% year-on-year for the first quarter of FY26, reaching Rs 324.66 crore, compared to Rs 312.63 crore in the same period the previous year. Revenue from operations experienced a substantial growth of 46.58%, rising to Rs 612.46 crore from Rs 417.82 crore a year earlier. Additionally, net interest income (NII) exhibited robust growth, surging 52% year-on-year to Rs 264.06 crore in Q1 FY26, up from Rs 161.74 crore in the corresponding quarter last year. Kranthi Bathini, Director of Equity Strategy at WealthMills Securities, remarked that Jio Financial has gained price momentum following the introduction of new products and recommended that long-term investors retain their holdings in the stock.
From a technical perspective, Jio Financial is trading near its resistance level of Rs 332. An upward breakout above this threshold, supported by substantial trading volumes, could potentially lead to price targets ranging from Rs 345 to Rs 358, while maintaining a stop-loss at Rs 323.
Drumil Vithlani, serving as a Technical Research Analyst at Bonanza, noted that the stock is currently approaching its immediate resistance level of Rs 332, suggesting that a definitive close above this threshold may initiate a new upward trend. He advises purchasing the stock only if it convincingly breaks above Rs 332 with robust trading volumes, setting target prices at Rs 345 and Rs 358, while maintaining a stop-loss order at Rs 323.