Jio Finance Share Price 2024: In the share market, many companies offer their share to the public and collect funding for infrastructure development. During their infrastructure, if the company is growing then their share price also increases in this condition investors collect more profit on their investment. If you are planning to invest in the share market then, this blog will fulfill your demands.
In this article, we will cover the Jio Finance Share Price 2024 and its related details. Let us know about this share price and make your investment path easy.
Brief introduction of Jio Finance
Jio Finance Service Limited is an Indian based public sector company that works in the finance sector of india. It is formally known as Reliance Strategic Investments Private Limited (1999-2002), which is to change the name of Reliance Strategic Investments Limited (2002–2023). It is a subsidiary of Reliance Industries Limited.
It was established on July 22, 1999, by Mr. Mukesh Ambani. Jio Finance Limited’s headquarters is in Mumbai, Maharashtra, india.
The Current market captilization of this company is Rs 223953 Crore.
If we talk about the working segment then it provides finance-related services like Digital Payments, Consumer Lending, Insurance Services, Wealth Management, Commercial Lending, Financial Technology (Fintech), Digital Banking, and Regulatory Technology (RegTech).
Subsidiaries Company:
- Jio Finance Limited
- Jio Insurance Broking Limited
- Jio Payment Solutions Limited
BSE Symbole: 543940
NSE Symbole: JIOFIN
Board member details of the Jio Finance Service Limited :
- Chief Financial Officer: Abhishek Haridas Pathak.
- Independent Director : Bimal Manu Tanna.
- Non-Exe.Non Ind.Director: Jagannatha Kumar Venkata Gollapalli.
- Non-Exe.Non Ind.Director: Jayashri Rajesh.
- Chairman & Non-Independent Director : Kundapur Vaman Kamath.
- Also Read This: GTL Infrastructure Share Price 2024
Jio Finance Share Price 2024: Analysis
To Analysis the Jio Finance Share Price 2024 we see the current share price, 1 week, 1 month, and 1 year share price analysis.
Current Share Analysis: In the analysis of jio Finance Share Price 2024 if we analyze the current share price then on 5 July its price is price during the market opening is Rs 350.85 which going during the day Rs 354.80 high, and Rs 349.10 Low.
On the way close in the day end Rs 352.75 shows the increment of Rs+1.90 with an increase in the return 0.54%.
The previous close price was the Rs 350.85.
Weekly Share Price Analysis: As per the weekly analysis, we can see a downfall of Rs -5.15 with a down return of 1.44%.
Monthly Share Price Analysis: As per the monthly analysis, we can see an Increment of Rs +3.00 with an increment return of 0.86%.
Yearly Share Price Analysis: As per the yearly analysis, we can see an increment of Rs +90.75 with an increase return of 34.64%.
52-Week Share Price Analysis: If we talk about the 52-week record of Jio Finance Share price 2024 then it going low at Rs 202.80 and high at Rs 394.70.
Here we can see the huge difference between the share price. Which makes it a more trustable company for the investment.
Jio Finance Limited Revenue Details
| Year | Revenue (Crore) | Profit (Crore) |
| March 2024 | Rs 418 Cr | Rs 311 |
| December 2023 | Rs 414 Cr | Rs 294 |
| September 2023 | Rs 608 | Rs 668 |
| June 2023 | Rs 414 | Rs 332 |
Share Price Target of the Jio Finance Limited
| Year | Target |
| 2024 | Rs 410 |
| 2025 | Rs 576 |
| 2026 | Rs 725 |
| 2027 | Rs 862 |
| 2028 | Rs 1047 |
| 2029 | Rs 1216 |
| 2030 | Rs 2104 |
Another important Factor
| Face Value | 10 |
| ROE | 1.15% |
| P/E Ratio(TTM) | 139.33 |
| EPS(TTM) | 2.53 |
| Book Value | 219.02 |
| Debt to Equity | 0.00 |
| Industry P/E | 20.03 |
| P/B Ratio | 1.61 |
Shareholding Patterns of Jio Finance Service Limited
| Promoters | 47.12% |
| Retail and Other | 20.83% |
| Foreign Institute | 19.45% |
| Other Domestic Institute | 7.86% |
| Mutual Funds | 4.47% |
News Highlights of the Jio Finance Share Price 2024
Jio Finacial service has done a deal with Reliance Retails service with Rs 36000 Crore. For this deal, the company is taking approval from its shareholders. In this deal, the company is purchasing the telecom equipment and rent to Reliance Jio Infocom customers.
Expert Suggestion for the Jio Finance Share Price 2024
As per expert suggestion share prices are semi-strong If you are planning for short-term investment then it is good for you. However, there are strong suggestions to check quality and validation during the investment.
Conclusion
If you are planning to invest in Jio Finance Service Limited then you have to check company valuation and current deals. In this blog, we cover the topic of Jio Finance Share Price 2024 and complete its related details. If you have any kind of suggestion related to this blog then drop your comment below the comment box.
What are the targets of Jio Finance Share Price 2024?
The Jio Finance Share Price 2024 target is Rs 410 at the end of the year. It can be changed as per time.
Is Jio Finance a good stock to buy?
As per experts if you are planning for a shorter investment then it is good to buy. Because as per the current situation, it is a Semi-strong share. In which we can see some enhancement but not a long time.
What is the target of jio finance Share price in 2025?
As per expert suggestion, the target of Jio Finance share price in 2025 is to keep Rs 576 by the end of the year.
Who is the director of jio Finance Service Limited?
Mr. Kundapur Vaman Kamath is the Chairman and Non-Independent Director of Jio Finance Limited.
