Jio Financial Services Ltd has extended its rally for the second straight session, with its shares trading 1.93% higher at ₹255.50 on Wednesday. With this, the stock has surged 9.85% over the past month, catching the attention of bullish analysts.
For the quarter ending March 2025 (Q4 FY25), Jio Financial posted a consolidated net profit of ₹316 crore, marking a modest 1.61% year-on-year (YoY) growth compared to ₹311 crore in the same quarter last year. Despite a slight dip in interest income to ₹276 crore, total expenses for the quarter ballooned by 63.11% to ₹168 crore—up from ₹103 crore in Q4 FY24—as the company continues scaling its operations.
Technical experts remain upbeat on the stock’s outlook. Kiran Jani, Head of Technical Research at Jainam Broking, stated:
“Jio Financial has shown strong recovery from the ₹200 mark. Any dip near ₹250 can be considered a buying opportunity, with targets of ₹280–₹300 and a stop-loss at ₹240.”
Mileen Vasudeo, Senior Technical Analyst at Arihant Capital Markets, echoed a similar sentiment, predicting the stock could touch ₹280–₹301 within the next few weeks.
From a technical standpoint, the stock is currently trading above its 5-, 10-, 20-, 30-, and 50-day simple moving averages (SMAs), but still lags behind its 100-, 150-, and 200-day SMAs. The 14-day Relative Strength Index (RSI) stands at 67.90, indicating the stock is nearing overbought territory (with 70+ considered overbought and 30 or below considered oversold).
Valuation-wise, the stock sports a high price-to-earnings (P/E) ratio of 300.72 and a price-to-book (P/B) value of 6.42. Its earnings per share (EPS) is at ₹0.83, while the return on equity (RoE) comes in at 2.13%. Trendlyne data suggests a one-year beta of 1.4, pointing to high volatility.
The stock also witnessed heightened trading activity, with 18.76 lakh shares exchanged—well above its two-week average volume of 15.18 lakh shares. The turnover stood at ₹47.86 crore, contributing to an overall market capitalisation of ₹1,62,958.08 crore.
As of the latest data, promoters continue to hold a 47.12% stake in the Reliance Industries-backed financial entity.
