Motilal Oswal reiterates INR 300 target for Jio Financial Services stock

Published on 10/26/2026 at 15:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 FY27 income rose 73.15 percent. Jio Financial Services stock stood at INR 205.23 on October 26, 2026, up 0.10 percent versus the NSE close.

Analyst target and earnings

Motilal Oswal reiterated an INR 300.00 target on October 15, 2026.
Second-quarter fiscal 2027 income rose 73.15 percent, while net profit fell 51.02 percent.
Jio Financial Services stock was at INR 205.23 on October 26, 2026, up 0.10 percent from the NSE close.
Market capitalization was INR 1.4 trillion and the price-to-earnings ratio was 77.74.

Jio Financial Services, INE758E01017, Illustration mit AI erstellt.

Motilal Oswal reiterated its Buy rating and an INR 300.00 target for Jio Financial Services on October 15, 2026, according to Moneycontrol. The target is 46.18 percent above the NSE price of INR 205.23. ET Now reported that total revenue from operations rose 73.15 percent year over year to INR 16.99 billion in the second quarter of fiscal 2027. Jio Financial Services was last at INR 205.23 on NSE on October 26, 2026 at 3:28 p.m. IST, up 0.10 percent versus the NSE close of October 23, 2026 (INR 205.03).

Income grows, profit contracts

The September quarter delivered a sharp split between operating expansion and reported profit. Consolidated net profit fell 51.02 percent year over year to INR 3.40 billion from INR 6.95 billion in the second quarter of fiscal 2026.

Revenue growth was accompanied by higher costs. ET Now reported total expenses of INR 11.66 billion, up 167.09 percent year over year, while pre-provisioning operating profit rose 85.00 percent to INR 5.74 billion. The period comparison is affected by dividend income included in the prior-year figure.

Stock remains near yearly low

The NSE price of INR 205.23 on October 26, 2026 stood 1.34 percent above the 52-week low of INR 202.51 and 35.23 percent below the 52-week high of INR 316.85. Trading volume was 11,412,253 shares, compared with an average volume of 14,472,411 shares.

Valuation and peer comparison

Jio Financial Services had a market capitalization of INR 1.4 trillion and a price-to-earnings ratio of 77.74 on October 26, 2026. The latest reported results covered the quarter ended September 30, 2026, while Motilal Oswal based its INR 300.00 target on a September 2028 sum-of-the-parts valuation.

Comparison with peers

Jio Financial Services (NSE, INR): plus 0.10 percent, price-to-earnings ratio 77.74, market capitalization INR 1.4 trillion.

HDFC Bank (NSE, INR): minus 0.69 percent, price-to-earnings ratio 13.26, market capitalization INR 10.6 trillion.

Bajaj Finance (NSE, INR): minus 1.10 percent, price-to-earnings ratio 26.41, market capitalization INR 5.7 trillion.

Valuation meets operating growth

The stock combines rapid revenue expansion with a lower reported profit base in the September quarter. Its 35.23 percent distance from the 52-week high and the 46.18 percent gap between the NSE price and Motilal Oswal target frame the market debate.