Jio Financial Service Limited is a part of Reliance Industries Ltd., which operates in the financial sector. The subsidiary then demerged from Reliance Industry as an independent business module on July 20, 2023, and was listed on the Indian Stock Exchange. The company mainly works in payment banks, digital payment services through UPI, and insurance.
Jio Financial Services Ltd.’s main branch is in Mumbai, Maharashtra. The company is listed on the National Stock Exchange and the Bombay Stock Exchange. This article concerns share price forecasts for the next 10 years based on technical analysis, fundamental goals, and past performance. The estimated Jio Financial Services Ltd. share price target for the year 2024 is 370 to 380, 455 to 470 for 2025, 525 to 530 in 2026, 690 to 730 in 2027, and 1140 to 1190 till 2030.
Table of Contents
Jio Financial Services Limited share price target 2024, 2025, 2026, 2027, 2028, 2029, 2030 and 2035
| Year | First target | Second target |
| 2024 | 315 | 370 |
| 2025 | 455 | 470 |
| 2026 | 525 | 530 |
| 2027 | 690 | 730 |
| 2028 | 760 | 810 |
| 2029 | 950 | 995 |
| 2030 | 1140 | 1190 |
| 2035 | 2220 | 2350 |
Jio Financial Services Financials
| Particulars (₹ crore) | Q2FY24-25 | Q2FY23-24 | Q1FY24-25 | Q-o-Q | Y-o-Y |
| Total revenue | 693.85 | 417.82 | 608.04 | 14.1% | 66.06% |
| Gross Profit | 773.49 | 400.39 | 754.43 | 2.5% | 93.1% |
| EBITDA | 84.42 | 87.76 | 86.25 | -2.1% | -3.8% |
| Profit Growth (PAT) | 689.07 | 312.63 | 668.18 | 3.1% | 120.4% |
Jio Financial Services share price target 2024
The Jio Financial Services closing share price as of November 22, 2024, is 313.95. It is not a fixed share price; fluctuation happens every second in the open market. After demerging, the company got a 16000 crore investment from Reliance Industries Ltd. In 1:1 proportion, every Reliance Industries Ltd. investor received one Jio Financial Services Ltd. share for one Reliance share. Jio Financial Services Limited’s share price target 2024 is 370 as the first target and 380 as the second target.
Jio Financial Services Limited share price target details 2024.
| Month | First target | Second target |
| November | 310 | 322 |
| December | 350 | 370 |
Jio Financial Services share price target 2025
The company announced a new application in beta version, ‘JioFinance’, on May 30, 2024, to advance its digital transformation efforts. This application works for UPI transactions, digital banking, bill payments, and various insurance plans. Jio Financial Services Ltd.’s share price target 2025 is 455 as the first target and 470 as the second target.
Jio Financial Services Limited share price target details 2025.
| Month | First target | Second target |
| January | 400 | 405 |
| May | 418 | 422 |
| September | 435 | 440 |
| December | 466 | 470 |
Jio Financial Services share price target 2026
As per the corporate announcement on May 30, 2024, the company plans to establish various loan services, such as home loans, loans against property, and loans against mutual funds. Jio Financial Services Ltd.’s share price target 2026 is 525 as the first target and 530 as the second target.
Jio Financial Services share price target 2026.
| Month | First target | Second target |
| January | 478 | 480 |
| May | 495 | 500 |
| September | 512 | 515 |
| December | 525 | 530 |
Jio Financial Services share price target 2027
The company is now steadily starting its business by releasing its applications, sales, and marketing. We may see yet more expansion and growth in business as well as in share price in the coming future. Jio Financial Services Ltd.’s price target for 2027 is 690 as the first target and 730 as the second target.
Jio Financial Services share price target 2027.
| Month | First target | Second target |
| Jan | 550 | 555 |
| May | 684 | 690 |
| September | 693 | 702 |
| December | 720 | 730 |
Jio Financial Services share price target 2028
The company categorizes its business into four modules: lending and leasing, payments, protection, and investment. The lending company is planning various products, such as loans against property and mutual funds, and home loans. The leasing company declared to work on DaaS (desktop as a service) by providing cost-effective finance products to customers for phones, laptops, air fiber, ship batteries, EV batteries, solar panels, and IT equipment. Jio Financial Services Ltd.’s share price target for 2028 is 760 as the first target and 810 as the second target.
Jio Financial Services share price target 2028.
| Month | First target | Second target |
| January | 745 | 750 |
| May | 752 | 760 |
| September | 785 | 794 |
| December | 808 | 810 |
Jio Financial Services share price target 2029
In the Payments Business Module, the company launched a digital savings account with handsome interest rates, a debit card service, a payment solution through UPI, and a merchant mobile app. In the protection business division, up to 29 insurance company tie-ups have been done. Jio Financial Services Ltd.’s price target for 2029 is 950 as the first target and 995 as the second target.
Jio Financial Services share price target 2029.
| Month | First target | Second target |
| January | 818 | 821 |
| May | 846 | 852 |
| September | 910 | 930 |
| December | 992 | 995 |
Jio Financial Services share price target 2030
Jio Finance increased its standalone profit after tax (pat) in the financial year 2024 to 383 crore compared to the year 2023’s 31 crore. Jio Financial Services Ltd.’s share price target for 2030 is 1140 as the first target and 1190 as the second target.
Jio Financial Services share price target 2030.
| Month | First target | Second target |
| January | 1011 | 1020 |
| May | 1048 | 1050 |
| September | 1094 | 1100 |
| December | 1170 | 1190 |
Jio Financial Services share price target 2035
Jio Financial Services The share price target for 2035 is 2220 as the first target and 2350 as the second target.
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What is Jio Financial Services Ltd.?
Jio Financial Services Ltd. provides financial services such as payment banks and merchant applications for retailers. They have launched the Jio Finance application recently. The company plans to expand its lending and leasing business in the future.
Can Jio Finance become Bajaj Finance?
Jio Financial Services is in third place behind Bajaj Finance and Bajaj Finserv; it may become a well-established competitor to both companies.
Is Jio Finance overvalued?
The company is a bit overvalued, as per current records.
Is Jio Financial Services Ltd. a small-cap company?
Jio Financial Services Ltd. is a large-cap company.
Is Jio Financial Services Ltd. a debt-free company?
The company is almost debt-free; it has reduced its debt.
Conclusion
This article presents Jio Financial Services Ltd. share price targets for 2024, 2025, 2026, 2027, 2028, 2029, 2030, and 2035. Targets are mentioned based on technical and fundamental analysis. stock may be corrected by any news or by companies’ poor or good results. Consider it a proposed level of guidance and not a recommendation. The stock market has high risk and unpredictable moves; invest with your risk appetite and a well-researched advisory.