This article will focus on the Jio Financial Services share price, determining how it has performed recently and what aspects have, or, in other matters, will influence its value.
JFSL has performed exceptionally well since its debut in August 2023, gaining from strategic collaboration and growth in the digital financial services sector.
Stay tuned for more relevant information regarding its market position and perspectives.
Jio Financial Services Introduction
Jio Financial Services Limited (JFSL) is a novel institution that offers its customers a wide range of financial and non-financial services.
Initially owned by Reliance Industries, it was spun off and floated as a publicly listed company on the Indian stock exchanges in August 2023.
JFSL looks to deliver uninterrupted financial services through technology to alleviate the economic distress of Indian citizens.
Its services include disbursing loans, opening a savings account, paying bills through UPI, going for recharges, purchasing digital insurance covers, and managing finances.
The business has many consumer-oriented companies, such as Jio Finance Ltd., Jio Insurance Broking Ltd., Jio Payment Solutions Ltd., and Jio Payments Bank Ltd.
Apart from this, JFSL has also entered into a Joint Venture with BlackRock to provide asset management, wealth management, and broking services in India.
The company envisions such an integrated approach to bring about the financial empowerment of the people of India by engaging in the digital provision of a range of financial products.
Jio Financial Services Share Price Live
As per the latest reports, Jio Financial Services Ltd’s share price is 351.00 Rs. It indicates a minute rise of 0.2 Rs (0.057%) over the previous closing price.
Today’s trading range has been within these limits of 349.4 Rs and 363.00 Rs. Till written this article
| Date | Open (₹) | High (₹) | Low (₹) |
|---|---|---|---|
| 2024-09-27 | 351.00 | 363.00 | 349.10 |
| 2024-09-26 | 352.50 | 353.60 | 348.95 |
| 2024-09-25 | 351.70 | 355.00 | 349.00 |
| 2024-09-24 | 353.80 | 356.00 | 349.10 |
| 2024-09-23 | 354.35 | 361.20 | 352.25 |
| 2024-09-20 | 348.40 | 355.90 | 348.35 |
| 2024-09-19 | 348.75 | 350.50 | 338.45 |
| 2024-09-18 | 350.50 | 353.25 | 345.10 |
| 2024-09-17 | 348.70 | 355.50 | 344.00 |
| 2024-09-16 | 352.00 | 354.70 | 347.00 |
Recent Developments Affecting Share Price
The stock price of Jio Financial Services Limited (JFSL) has recently been affected by factors such as the following:
Strategic Agreement with BlackRock
JFSL’s focus on catering to its client’s needs by providing asset management and wealth management services in collaboration with BlackRock has been one of the upside-positive catalysts for the stock.
Expansion of Digital Financial Services
More and more companies work on enlarging their digital portfolio, loaning, insuring, and payment solutions, and improving investors’ optimism.
Obtaining Regulatory Approvals
Supplying necessary and different financial products and services approvals have also favored the share price.
Market Overview
Overall, market or investor sentiments towards the financial sector and the stock in particular, as observed against the backdrop of the expanding digital economy in India, have affected the stock negatively.
Quarterly Results Publication
Quarterly solid earnings reports regarding high performance and growth prospects supplemented the stock’s upward movement.
Here is the historical price data for Jio Financial Services shares over the past year:
| Date | Open | High | Low | Close | Volume | Change % |
|---|---|---|---|---|---|---|
| Oct 01, 2024 | 352.00 | 353.00 | 346.25 | 351.00 | 16.42M | +0.11% |
| Sep 30, 2024 | 357.00 | 358.15 | 349.60 | 350.60 | 26.76M | -2.38% |
| Sep 02, 2024 | 323.90 | 349.35 | 323.15 | 344.90 | 65.33M | +7.21% |
| Aug 28, 2024 | 327.00 | 330.25 | 320.90 | 322.25 | 21.47M | -0.42% |
| Aug 01, 2024 | 329.00 | 332.90 | 328.25 | 328.70 | 13.14M | +0.06% |
| July 31, 2024 | 329.35 | 331.25 | 327.50 | 328.50 | 12.40M | -0.26% |
The price has ranged from a low of ₹204.25 to a high of ₹394.70 in the past year, reflecting notable volatility in the stock market for Jio Financial Services.
How to Buy Jio Financial Services Share?
To purchase the stocks and shares of Jio Financial Services Limited (JFSL), the steps mentioned above to take:
Demat and Trading Account
You must contact a registered stockbroker since Demat and a trading account are required. A few brokers in India are Zerodha, Upstox, ICICI Direct, and HDFC Securities, among many others.
| Broker | Key Features |
|---|---|
| Zerodha | Low brokerage fees, user-friendly Kite platform, zero brokerage on equity delivery |
| Upstox | Competitive pricing, technology-driven platform, free account opening offers |
| Angel One | Full-service broker with flat brokerage, research tools, portfolio management |
| ICICI Direct | Comprehensive banking & brokerage services, multiple trading platforms |
| HDFC Securities | Trusted banking brand, seamless 3-in-1 account, robust research reports |
| Kotak Securities | Low margin requirements, advanced trading tools, strong research capabilities |
| Motilal Oswal | Premium advisory services, smart stock recommendations, solid market research |
| Sharekhan | Full-service broker, excellent customer service, advanced charting tools |
| 5Paisa | Discount brokerage, integrated investment solutions, mobile app for seamless trading |
| IIFL Securities | Strong research insights, full-service broker, free equity delivery trading |
These brokers provide a variety of platforms, services, and fees that cater to different types of investors interested in JioFinance shares.
Complete KYC
This is to ensure that your KYC documentation is up to date. Regular KYC form submissions include identity documents, address documents, photos, etc.
Fund Your Account
Transfer from your bank to your trading account and prepare to trade. Most brokers allow you to fund your trading account via net banking, UPI, and other payment methods.
Search for JFSL
You should now be able to log out and log into the trading platform. Once logged in, use the symbol (HOrN) Jio Financial Services Limited and search for the company.
Place an Order
Depending on your preference, you may use either of the two order types: ‘Buy’ market order or limit order. Enter the quantity you want to buy and confirm the order.
Monitor Your Investment
Similarly, keep track of your investment purchase once you buy by watching the stock trading and any news concerning JFSL.
Conclusion
Jio Financial Services Limited (JFSL) has shown stable growth momentum, apart from the stability since its listing in August 2023.
The investments of the company, its strategic partners, and the geographical expansion of digital financial services enabled a steady performance of the company’s share price.
JFSL has continued to enhance over time and remains an attractive proposition for investors who wish to participate in India’s emerging economy.