Jio Financial Services (jio finance share) was once a subsidiary of Reliance Industries, which was later demerged and separated in July 2023.
There is a provision to give 1 equity share of Jio Financial to Reliance shareholders for every share held. Reliance had given cash and liquid investment of Rs 15,500 crore to Jio Financial under the demerger. Due to this, Jio Financial had a liquid asset of Rs 20,700 crore.
Jio finance share listing in stock marcket.
Jio Finance shares were listed on the stock market on 21 August 2023,After listing in the stock market, it was also a part of Nifty 50, BSE, Sensex, FTSE for some time but in the next week Jio Finance share was removed from these indexes because it was not fulfilling the criteria of those indexes.The current market price of Jio Finance share is Rs 231 on Tuesday
Jio Finance share black rock history
In July 2023 itself, Jio Financial entered into the Asset Management Company (AMC) business and entered into a joint 50-50% agreement with BlackRock. After that in April 2024, both Jio Financial and BlackRock together announced their partnership to raise funds and in the brokerage business, hence it is also called Jio BlackRock.
Jio Financial Services launched Jio Finance in May 2024 which is a digital platform from where you can avail loan, insurance, online payment applications.
jio Finance Share Promotor Holding
Jio Finance shares have recorded a volume of 19.6 million on NSE + BSE so far. The promoter’s holding in this is 47.1% which is considered very good. Along with this, FII i.e. Foreign Investor Institute’s holding is 15.6%,mutual fund holding is 5.1%. and other institutions holding is 28.3%. from last update on jio finace share price.
Jio finance share financial last quarter Result
The company recently reported its quarterly results for January 2025, in which it reported a net profit of Rs 294.78 crore, an increase of 0.3% compared to the previous third quarter. The company’s revenue from operations was recorded at Rs 438.35 crore. The net interest income (NII) of which is Rs 205 crore, which is a decrease of 21.9% year-on-year, but still an increase of 2.5% from the previous quarter.
Products of Jio Finance.
Here you know more about of jio finance share features.
Instant Loan Scheme-
Under Jio Finance, you are provided with instant loan through which you can fulfil emergency, marriage, education and other personal needs.Jio Finance is providing this facility to you through Jio Finance App with hassle free minimum documentation.
Insurance plan
Along with a very good platform, you will get the facility of many types of insurance like car insurance, bike insurance, health insurance, term insurance etc., that too on just one platform.
Digital Banking & UPI Payments.
Digital banking anywhere anytime gives you the security of security and the app is very simple and quick to use, UPI is also well dedicated for you to use cashless facility across India.
Review of Jio Finance Share.
Regarding Jio Finance share price, the broker says that this stock can witness a big jump soon, a bounty jump is expectedso investors should make their investment strategy in this from SEBI registered researcher only, so that you can avoid any kind of loss in future.
Marcket view last update.
Previous Close- Rs. 229.71
Day range- Rs.225.71 to Rs. 230.99
Open- Rs. 230.99
High– Rs. 230.99
52 Week Range- Rs. 198.65 to Rs. 394.70
Mkt cap- Rs. 1.47LCr
Volume- 12,908,723
Avg. Volume- 3,40,11,232
Ask- 230.74 x
Bid- 230.67 x
PE Ratio (TTM)- 91.15
EPS (TTM)- 2.53
Ex-Dividend Date- NA
Divident & Yield- NA
Beta (5Yr Monthly)- NA.
