Share price fluctuates daily based on a company’s performance. Jio Financial Services Limited has recently seen a lot of fluctuations in price for the past few days. While the company’s current market capital is ₹ 2,12,390.29 Cr., currently the Jio Finance share price is ₹ 334 as of 29 July 2024. Let’s evaluate the company’s profits and market analysis.
Foundation of Jio Financial Services Limited
Jio Financial Services Limited became an independent entity in 2023 and was listed on the Indian Stock Exchange. Originally a Reliance Industries (RIL) subsidiary, it is an Indian financial services company. It offers financial services, such as insurance broking and payment services. The company has several subsidiaries providing services related to finance and banking.
Jio Finance, its subsidiary holds an NBFC license from the Reserve Bank of India. The other subsidiary is Jio Payments Bank Limited. An Indian payments bank, which started operating in 2019 in partnership with the State Bank of India.
Share Holding Pattern of Jio Financial Services
While Domestic Institutional Investors (DIIs) hold 11.97% of Jio Financial Services Limited, Foreign Institutional Investors (FIIs) hold 17.55% of the company. The promoters have a large share of 47.12% of the company. The Public Investors has 23.36% of the organization. The Mutual Funds have only 4.04% of the company’s shares.
As per the recent data, the statistics of the holdings of the stockholders are there:
- Promoter holding remains unchanged at 47.12% in Jun 2024 QTR.
- FII/FPI have decreased holdings from 19.45% to 17.55% in Jun 2024 QTR
- The number of FII/FPI investors has increased from 1002 to 1006 in Jun 2024 QTR.
- In June 2024 QTR, mutual fund holdings dropped from 4.74% to 4.04%.
- The number of MF schemes decreased from 35 to 34 in Jun 2024 QTR
- Institutional Investors have decreased holdings from 32.12% to 29.52% in Jun 2024 QTR
Fundamentals of Jio Financial Services Limited
| MARKET CAP | ₹2,12,390.29 Cr. |
| ADVANCES | ₹0 Cr. |
| NO. OF SHARES | 635.33 Cr. |
| P/E | 143.62 |
| P/B | 1.52 |
| FACE VALUE | ₹10 |
| DIV. YIELD | 0.00% |
| BOOK VALUE (TTM) | 219.02 |
| OPERATING REVENUE | ₹41.63 Cr |
| NET PROFIT | ₹31.25 Cr |
| PROMOTER HOLDING | 47.12 % |
| EPS (TTM) | 2.50 |
| SALES GROWTH | -71.99 |
| ROE | 1.15 % |
| RoCE | 0.37% |
| PROFIT GROWTH | -81.40 % |
Peer Comparison
| Name | Latest Price | Change | % Change | 52W High | 52W Low | Mkt. Cap |
| Jio Financial Services | 332.60 | 0.70 | 0.21 | 394.70 | 204.65 | 2,11,310.23 |
| Mankind Pharma | 2,059.50 | 4.60 | 0.22 | 2,488.65 | 1,680.50 | 82,501.19 |
| JSW Infrastructure | 349.50 | 11.00 | 3.25 | 361.00 | 141.75 | 71,700.30 |
| Indian Renewable Energy Development Agency | 262.10 | 4.10 | 1.59 | 310.00 | 49.99 | 13,492.38 |
Jio Financial Services Limited SWOT
Strength
- Mutual Funds Increased Shareholding in Past Month
- Relative Outperformance versus Industry over 1 Year
- Annual profit growth exceeds sector profit growth.
- Effectively using its capital to make a profit – RoCE has improved over the last two years.
- Growth in Net Profit with increasing Profit Margin (QoQ)
Weakness
- PE is higher than Industry PE
- MFs decreased their shareholding last quarter
- Stocks Underperforming Their Industry Price Change in the Quarter
Opportunity
- Big Deal (Insider and SAST) buys last month greater than 1% of total shares
- Relative Outperformance versus Industry over 1 Week
- Decrease in Provision in Recent Results
- Top Gainers
Threats
- High PE (PE > 40)
- RSI indicates price weakness
Jio Finance Share Price Analysis
Jio Financial Services is dealing 0.21% upper at Rs 332.60 in comparison to its last closing price. The company has been trading in the price range of 335.15 and 332.30. Jio Financial Services has given 42.48% this year and it was -2.02% in the last five days.
It has a TTM P/E ratio of 143.62 in comparison to the sector P/E of 15.37. Jio Financial Services made a net profit of 312.63 Crores in its last quarter. The Mutual Fund holding and FII holding have decreased from the last quarter.
Peers of Jio Financial Services include Jio Financial Services (0.21%), Mankind Pharma (0.22%), JSW Infrastructure (3.25%), etc.
Conclusion
Jio Financial Services Limited, which was previously under Reliance Industries Limited (RIL) became an independent entity in 2023 and was listed on the Indian Stock Exchange. With a market capital of ₹2,12,390.29 Cr., the company has an ROE of 1.15 % with a Jio Finance share price is ₹ 334 as of 29 July 2024. The company’s 52 Week’s high price is Rs.394.7 and its 52 Week’s low price is Rs.202.8.
To buy a Jio Financial Services share, one can create a Demat account online on any share market platform and get their KYC documents verified. The market price fluctuates daily and can be analyzed both technically and fundamentally.
FAQs
Q1. How Can I Buy Jio Financial Services Share?
Ans. To buy a Jio Financial Services share by creating a Demat account on any share market platform and getting the KYC documents verified online.
Q2. What is the Market Capital of Jio Financial Services?
Ans. The market capital of Jio Financial Services is ₹2,12,390.29 Cr.
Q3. What is the shareholding pattern of Jio Financial Services?
Ans. The Promoter holding is 47.12%. The FII holding is 17.55%. The Mutual Fund holding in Jio Financial Services is 4.04%. The Public Investors has 23.36% of the organization. Domestic Institutional Investors (DIIs) hold 11.97% of Jio Financial Services Limited.
Q4. What is Jio Financial Services’ PE and PB ratio?
Ans. The PE ratio of Jio Financial Services is 132.76 as of 28 July 2024. The PB ratio of Jio Financial Services is 1.52 as of 28 July 2024.
Q5. What is the return on the Jio Financial Services stock?
Ans. The past returns of Jio Financial Services shares are:
- Past 1 year: 34.13%
- Past 3 years: 34.13%
- Past 5 years: 34.13%
Q6. What are the 52 Week’s High and Low of Jio Financial shares?
Ans. Jio Financial stock 52 Week’s price high: Rs.394.7 Jio Financial stock 52 Week’s price low: Rs.202.8
