Why Jio Financial Services Share Price is Rising

The Indian stock markets are trading higher with positive momentum today, 27 June. At the time of writing, the Nifty 50 index is around 25,622, up 73 points or 0.29% from the previous close. The Sensex is also up over 202 points, trading near 83,958 levels.

Market gains are supported by favourable global cues, steady foreign inflows, and optimism. Key sectors showing strength include metals, energy, banking, and IT.

The shares of Jio Financial have been rising sharply over the last few days.

Here are some reasons for the gains.

#1 Jio BlackRock Granted Certificate to Commence Broking Operations

The market regulator has granted Jio BlackRock Broking Private Limited a certificate of registration to operate as a stock broker and clearing member, enabling it to commence broking operations.

Jio BlackRock Broking is a joint venture between Jio Financial Services and BlackRock Inc., established to offer stock broking and clearing services in India.

This grant of registration was one of the reasons for a sharp rally in the stock.

#2 Acquisition of Shares in Jio Payments Bank

A few days ago, Jio Financial Services acquired shares of Jio Payments Bank from State Bank of India for an aggregate consideration of Rs 1.04 bn.

This was following an approval received from Reserve Bank of India. Consequent to this acquisition, Jio Payments Bank has become a wholly owned subsidiary of the company.

This news too went well down with investors.

What Next?

The Indian financial sector is poised for significant growth, driven by financial inclusion, technology adoption, and government support. This creates a favourable environment for Jio Financial Services to expand and capitalise on emerging opportunities.

Jio Financial Services has been at the forefront of getting its subsidiary businesses up and running. In FY25, Jio Financial Services invested an additional Rs 13.5 bn in its group companies to help with future expansion and business scale.

Jio Financial Services, through its joint venture with BlackRock, has received regulatory approval from the market regulator to commence its Asset Management Company (AMC) business. This now enables the company to operate in India's fast-growing asset management industry.

It has also infused Rs 1.9 bn into its wholly owned subsidiary, Jio Payments Bank. This will enable the payments bank to expand its business. The registration for the broking business is also big news.

This aside, Jio Financial plans to leverage AI-driven analytics and integrated data infrastructure in FY26 to tailor financial products to customers effectively.

While there are several positive developments, the stock trades a hefty price to earnings multiple. Foreign Institutional Investors have also been selling stake in the company. Their holdings which were at 19.43% as at the end of March 2024 was 11.66% at the end of March 2025.

How Shares of Jio Financial Services have Performed Recently

Over the last one month, the share price of Jio Financial Services has gained 12.5 % from levels of Rs 291.1 to the current levels of Rs 327.6. In the past one year, share price of the company has lost nearly 7%.

The stock hit its 52-week high of Rs 363 on 27 September 2024. The stock hit its 52-week low of Rs 198.6 on 3 March 2025.

About Jio Financial Services

Jio Financial Services is a diversified financial services company in India, recently spun off from Reliance Industries.

It operates as a new-age, full-stack financial services platform offering a wide range of products and services including lending, payments, insurance broking, leasing, and digital banking.

The company emphasises technology-driven financial solutions, including the JioFinance app launched in 2024, which integrates payments, loans, insurance, and financial management tools.

To know more, check out Jio Financial Services fact sheet and latest quarterly results. You can also compare Jio Financial Services with its peers on our website.

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To know what's moving the Indian stock markets today, check out the most recent share market updates here.

Investors should evaluate the company's fundamentals, corporate governance, and valuations of the stock as key factors when conducting due diligence before making investment decisions.

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