Jio Financial Services (JFS) is another sub-company under the Reliance group. Jio Financial Services is taking the financial sector by storm and claiming its marketplace. On 21 August 2023, it was listed as a separate company from Reliance in the share market and continues to grow in the financial sector with various growth strategies.
Jio Finance Share Price and Current Market Position
As of 24 August 2024, Jio Finance Share is trading at the price, of 327.05 INR. The share has shown, almost a growth of 80-90% from August 2023 to August 2024.
What is the market capitalization of, Jio Finance Company?
The company’s current market capitalization is about ₹2,10,357 crores
and the net profit of (FY 23-24) is about ₹1,605 crores. This shows the strong foundation and fundamentals of the company.
Jio Financial Service’s Market Competitors?
JFS is the 3rd largest Non-Financial Banking Company (NFBC) right behind Bajaj Finance and Bajaj Finserv. The company competes in the NFBC sector with some of the key players like: –
- Bajaj Finance
- Cholamandalam Investment & Finance
- Shriram Finance
- Aditya Birla Capital
These companies acknowledge the threat JFS can pose to them. Therefore, they are expanding their product range and services in the market to handle the disruptions caused by JFS.
Future Outlook— Jio Finance Services Share Price Prediction 2025, 2030, 2040
- The share is expected to cross the 500 INR mark and trade around 600 INR in 2025.
- The share is expected to rise above 1000 INR and range between 1200 INR to 1500 INR by 2030.
- By 2040 the share is expected to cross the 3000 INR mark if it follows a bullish pattern and continues to grow.
NOTE: These are just predictions and speculations do not trade based on this information.
Jio Finance Services is implementing various strategic implementations and plans to consolidate its position in the market and dominate it. Jio plans to rise above its competitors like Bajaj and Paytm, etc.
These are some strategic developments JFS is planning: –
- Expansion of Loan solutions
- Launch of Jio finance app
- Joint venture with Blackrock
- Merchant business scaling
With this, the company aims to diversify its products and reach a larger and broader audience.
It will also leverage the customer base of Jio Telecom and Jio Fiber to its advantage.
Conclusion: Should You Invest in JFS?
With a growth of 80% in its first year of trading, Jio Financial Services has proved its potential and strong fundamentals.
JFS plans to dominate the market and start various strategic developments into new products and fields this would surely increase its market cap.
Based on all this Jio Finance Share will have a bright future and should be considered by an Investor.
But as it goes with all shares,
Conduct thorough research on JFS before investing as the stock market is volatile and can change, at any time.
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This article is written by Krishna Jindal
