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HomeSHARE MARKETMukesh Ambani Share Will Go Up To ₹500; Now Price Is Very...

Mukesh Ambani Share Will Go Up To ₹500; Now Price Is Very Low; 40 Crore Investment

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Jio Financial Services Ltd (NSE: JIOFIN) shares: There was a big fall in the shares of Mukesh Ambani’s stock market-listed company – Jio Financial Services on Wednesday. During this period, the shares of Jio Financial Services fell by 5 percent and reached a low of Rs 335.65. 

Thus, the share has fallen 10.37 percent from its all-time high of Rs 374.50. Let us tell you that last week on March 12, the share had crossed the level of Rs 374.

Investment Of Rs. 40 Crore

Jio Financial Services recently invested Rs 40 crore into its wholly owned subsidiary Jio Leasing Services Limited. This company was formed to perform leasing activities for movable properties.

Last Tuesday, Jio Financial Services informed the stock exchange that it had purchased 4 crore shares at Rs 10 per share of JLSL for its business purposes.

The company paid Rs 40 crore in cash. The statement states that the subsidiary company is to be involved in leasing of all types of mobile properties.

What Do Experts Say?

Geojit Financial’s Senior VP Gaurang Shah told – that Jio Financial is a stock that has surprised people. At Rs 325, you can see immediate support at the counter.

A breakout is also found at Rs 360. Whereas, according to Ravi Singh, SVP – Retail Research, Religare Broking, one should consider buying at Rs 325 levels for a target of Rs 355 in the near term. It is advised to keep the stop loss on Jio Financial stock at Rs 310.

Similarly, AR Ramachandran of Tips2Trades said that the stock looks bearish on the daily chart. There is a possibility of this stock falling to the level of Rs 305 in the near term. 

Jigar S Patel is a Senior Manager and Technical Research Analyst at Anand Rathi Shares & Stock Brokers. He said that support for the stock would be Rs 330, and the breakout would be Rs 360. If it increases further, there is a possibility of a rise up to Rs 500.

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₹ 2,14,423 Cr.
Current Price₹ 338
52-wk High₹ 374 
52-wk Low₹ 203
Stock P/E8,529
Book Value₹ 182
Dividend0.00 %
ROCE
ROE
Face Value₹ 10.0
P/B Value1.85
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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