Jio Finance Share Price | Earning will come from rocket speed, update on Jio Financial Company, should share be BUY – NSE: JIOFIN
Jio Finance Share Price | Reliance Group's Jio Financial Services Limited company has achieved great success. Jio Payment Solutions Limited, a subsidiary of Jio Financial Services Limited Company (PRODUCT: GIOFIN) informed the stock exchanges that it has been approved by the RBI to act as an online payment aggregator. On Tuesday, October 29, the stock had closed at Rs 325.80, up 2.89 per cent. (Jio Financial Services Limited Company Excerpt)
opportunity to expand
On one hand, Paytm is stuck in the action of RBI, while Jio Financial Services Company has also got approval. With these opportunities, the market share of Jio Financial Services Company is likely to increase. Jio Payments Bank is part of Jio Financial Services Limited Company. On Wednesday (30 October 2024), the stock was trading at Rs 323, down 1.04%.
Jio Finance App Launch
Recently Jio Financial Services Limited had announced the launch of a new Jio Finance app. The beta version of the app was launched on May 30, 2024. Jio Financial Services Limited is in the final stages of launching NBFC home loan service. Apart from this, Jio Financial will also sell other products like Loan Against Return Property and Loan Against Securities.
Company's second quarter results
Jio Financial Services Ltd reported a net profit of Rs 689 crore in the second quarter. Jio Financial Services Ltd had posted a net profit of Rs 668 crore in the same quarter last year. Jio Financial Services Ltd's total income increased to Rs 694 crore in the second quarter. It was Rs 608 crore in the same quarter last year.
How much return did the stock give?
The stock has declined 7.07% in the last 1 month. The stock has declined 14.38% in the last 6 months. The stock has given 48.77% returns in the last 1 year. The stock has given 38.90% on a YTD basis.
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