Jio Financial Services Ltd traded at 214.62 this Friday October 9th, increasing 3.62 or 1.72 percent since the previous trading session. Looking back, over the last four weeks, Jio Financial Services Ltd gained 6.79 percent. Over the last 12 months, its price fell by 30.35 percent. Looking ahead, we forecast Jio Financial Services Ltd to be priced at 209.75 by the end of this quarter and at 195.79 in one year, according to Trading Economics global macro models projections and analysts expectations.
Jio Financial Services Limited is an India-based core investment company. The Company is a holding company that operates its financial services business through its consumer-facing subsidiaries and joint ventures. The Company is engaged primarily in the business of investing and financing. Through the JioFinance app, it provides a range of services including loans, savings accounts, UPI bill payments, recharges, digital insurance, financial tracking and management tools and more. It offers home loans, loans against property (LAP), and loans on mutual funds (LoMF). It provides banking solutions through its Jio Payments Bank. It also has a joint venture with BlackRock to offer asset management, wealth management and broking services in India. Its subsidiaries include Jio Finance Limited, Jio Leasing Services Limited, Jio Insurance Broking Limited, and Jio Payment Solutions Limited. Jio Payments Bank Limited is a joint venture between the Company and State Bank of India.