Jio Financial Services stock: Motilal Oswal keeps INR 300 target for Jio Financial Services stock

Published on 10/23/2026 at 15:06 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 income rose 132.00 percent to INR 1.70 billion. Jio Financial Services stock stood at INR 205.03 on October 23, 2026, down 2.74 percent on NSE.

Analyst target and earnings

Motilal Oswal kept an INR 300.00 target for Jio Financial Services on October 15, 2026.
Second-quarter fiscal 2027 income rose 132.00 percent to INR 16.99 billion.
Jio Financial Services stock was INR 205.03 on October 23, 2026 at 3:28 p.m. IST, down 2.74 percent on NSE.
The stock traded at a P/E of 77.66 and a market capitalization of INR 1.4 trillion on October 23, 2026.

Jio Financial Services, INE758E01017, Illustration mit AI erstellt.

Jio Financial Services (ISIN INE758E01017) retained an INR 300.00 share-price target in an October 15, 2026 update from Motilal Oswal Financial Services, according to DSIJ. The target stood 46.32 percent above the NSE price of INR 205.03 at 3:28 p.m. IST on October 23, 2026.

Income grew as profit fell

Jio Financial Services reported second-quarter fiscal 2027 total income of INR 16.99 billion, up 132.00 percent from INR 7.33 billion a year earlier, while net profit fell 51.00 percent to INR 3.40 billion from INR 6.95 billion. The figures were reported by The Economic Times for the quarter ended September 30, 2026.

Pre-provision operating profit rose 85.00 percent to INR 5.74 billion from INR 3.10 billion in the year-earlier quarter. Net interest income increased 165.00 percent to INR 6.80 billion from INR 2.57 billion, giving investors a sharper contrast between operating expansion and consolidated earnings.

Stock sits near its yearly low

The NSE price of INR 205.03 on October 23, 2026 was 1.24 percent above the 52-week low of INR 202.51 and 35.29 percent below the 52-week high of INR 316.85. The session range was INR 202.51 to INR 211.50, with volume of 19,133,298 shares.

Jio Financial Services had a P/E of 77.66 and a market capitalization of INR 1.4 trillion on October 23, 2026. Bajaj Finance traded down 1.40 percent with a P/E of 26.70 and a market capitalization of INR 5.8 trillion, while HDFC Asset Management traded down 1.02 percent with a P/E of 32.50 and a market capitalization of INR 965.4 billion.

What does the target imply?

Motilal Oswal's INR 300.00 target rests on a sum-of-the-parts valuation that includes the Reliance Industries stake and cash investments, according to DSIJ. The same update said the broker cut fiscal 2027 earnings-per-share estimates by 6.60 percent because of higher provisions, adding a counterweight to the target.

Price remains close to the low

Jio Financial Services was last quoted at INR 205.03 on the NSE on October 23, 2026 at 3:28 p.m. IST, down 2.74 percent on the day. The price position leaves the stock close to its 52-week low while the latest quarter shows strong income growth but a sharp decline in consolidated profit.