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HomeSHARE MARKETGolden Stock Of Reliance Group; Don't Sell This Ambani Share; ₹461 Share...

Golden Stock Of Reliance Group; Don’t Sell This Ambani Share; ₹461 Share Target

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Jio Financial Services Ltd (NSE: JIOFIN):  Investors’ attraction to the stock market is increasing rapidly. Suppose you are an investor who wants to buy stocks directly for the long term. In that case, it is very important to keep in mind factors like company quality and business prospects, stock valuation, and sector outlook. 

A renowned expert has chosen Reliance Group’s NBFC Jio Financial for investors from the point of view of wealth creation. This share is currently trading at Rs 350 (Jio financial Share Price). This investment has returned a healthy 50% this year.

Technical structure is pointing towards a big breakout. Jio Financial shares are currently trading at Rs 350. This stock will be included in NIFTY’s Next 50.

Talking about technical formation, it has been continuously forming a higher-top-higher-bottom structure for the last six months. This means a rally comes, then a correction occurs at higher levels. 

At lower levels then a buying trend is formed with better volume. More growth is expected in the short term also. The long-term performance of the company is expected to be very good.

Jio Financial Long-Term Target

The all-time high for Jio Financial is Rs 375 which it made on March 12, 2024. It made its low of 52 weeks on October 23, 2023. This is also its all-time low. 

Long-term investors will benefit from any fall in the price of this stock. A target of Rs 440/450 will be seen in this stock. 

This is approximately 30 percent higher than the current levels. Experts think that this stock has the potential to create wealth in the future, and will surpass the target.

Jio Financial Share Price History

It was listed on 21 August 2023. It was listed at Rs 262 on the National Stock Exchange and Rs 265 on the Bombay Stock Exchange. 

After listing it continued to weaken. On October 23, 2023, it made a low of Rs 203. After that, there is a continuous rise. So far this year it has given a return of 50 percent. It has jumped more than 70 percent compared to its low.

About Jio Financial Services Ltd Company 

The target of Jio Financial Services Ltd (JFSL) is to provide a digital variety of financial services and improve the financial health of the people in India.

Jio Financial Services will function as a holding corporation that drives investment across the transaction of borrowing, investments, and protection spheres, catering to the needs of consumers and merchants. 

Jio Financial Services will oversee important strategic initiatives that are implemented by these subsidiaries and will seek out the development of new business opportunities.

Jio Financial Services Limited is a public limited corporation and is situated in Mumbai, Maharashtra.

Fundamental Analysis of Jio Financial Services Ltd

Market Cap₹ 2,22,810 Cr.
Current Price₹ 351
52-wk High₹ 374 
52-wk Low₹ 203
Stock P/E8,863
Book Value₹ 182
Dividend0.00 %
ROCE
ROE
Face Value₹ 10.0
P/B Value1.93
OPM87.6 %
EPS
Debt₹ 0.00 Cr.
Debt to Equity0.00 

Jio Financial Services Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 300₹ 395
2025₹ 400₹ 422
2026₹ 465₹ 505
2027₹ 550₹ 590
2028₹ 622₹ 700
2029₹ 755₹ 832
2030₹ 900₹ 1100
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Jio Financial Services Ltd Shareholding Pattern

Promoters Holding
Dec 2022
Mar 2023
June 2023
Sept 202346.77%
Dec 202347.12%
FII Holding
Dec 2022
Mar 2023
June 2023
Sept 202321.58%
Dec 202319.83%
DII Holding
Dec 2022
Mar 2023
June 2023
Sept 202313.64%
Dec 202312.99%
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Govt. Holding
Dec 2022
Mar 2023
June 2023
Sept 20230.13%
Dec 20230.14%
Public Holding
Dec 2022
Mar 2023
June 2023
Sept 202317.86
Dec 202319.92%

Jio Financial Services Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019
2020
2021
2022
2023₹ 45 Cr
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Last 5 Years’ Net Profit:

2019
2020
2021
2022
2023₹ 31 Cr

Last 5 Years’ Debt-To-Equity Ratio:

20191.36
20201.25
20210
20220
20230.04

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:
Current Year:

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:
3 Years:
Last Year:

Sales Growth Over 10 Years:

10 Years:
5 Years:
3 Years:
Current Year:

Conclusion

This article is a complete guide about Jio Financial Services Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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If you have any further queries, please comment below. We will be happy to answer all your questions. 

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