Jio Financial Services stock: Motilal Oswal keeps INR 300 target for Jio Financial Services stock
Published on 10/21/2026 at 16:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and earnings
- Motilal Oswal reiterated its Buy rating on October 15, 2026.
- Second-quarter fiscal 2027 profit fell 51.02 percent to INR 340.44 crore.
- Jio Financial Services stock was INR 211.39 on October 21, 2026, down 1.22 percent from INR 214.00.
Jio Financial Services (ISIN INE758E01017) remains under an analyst target of INR 300 after Moneycontrol reported on October 16, 2026 that Motilal Oswal reiterated its Buy rating in a report dated October 15, 2026. The target lies 41.92 percent above the INR 211.39 stock price. Jio Financial Services stock was INR 211.39 on the NSE on October 21, 2026 at 3:29 p.m. IST, down 1.22 percent from INR 214.00.
Target meets a weaker profit quarter
The analyst call followed second-quarter fiscal 2027 results that delivered rapid income growth but lower consolidated profit. The Economic Times reported on October 15, 2026 that profit after tax fell 51.02 percent year over year to INR 340.00 crore in the quarter, from INR 695.00 crore a year earlier. Total income rose 132.00 percent to INR 1,699.00 crore, while net interest income increased 165.00 percent to INR 680.00 crore.
What does the profit mix mean?
The figures point to a business expanding its operating base while dividend effects and higher costs weigh on the bottom line. Pre-provision operating profit rose 85.00 percent year over year to INR 574.00 crore in the September quarter, according to The Economic Times. Its non-banking financial company business increased profit after tax 140.00 percent to INR 120.00 crore, showing that lending growth remained a material contributor.
Price and valuation levels
The October 21, 2026 quote sits INR 5.39 below the 52-week low of INR 208.50 only when measured incorrectly; the actual quote is INR 2.89 above that low and INR 105.46 below the 52-week high of INR 316.85. Market capitalization was INR 1.4 trillion and the price-to-earnings ratio was 80.07 on October 21, 2026. Trading volume reached 13,012,196 shares.
Why the target matters
Motilal Oswal cut its fiscal 2027 earnings-per-share estimate by 6.60 percent because of higher provisions, while raising its fiscal 2028 estimate as net interest income improved, according to the October 15, 2026 report carried by Moneycontrol. The firm based its INR 300 target on a September 2028 sum-of-the-parts valuation and excluded several businesses still in their development phase.
Jio Financial Services stock in context
The combination of INR 1,699.00 crore in quarterly income and INR 340.00 crore in profit leaves investors weighing operating expansion against earnings volatility. The analyst target provides a dated valuation reference, while the 80.07 price-to-earnings ratio keeps the market's expectations visible.
Current quote and valuation
Jio Financial Services stock was INR 211.39 on the NSE on October 21, 2026 at 3:29 p.m. IST, down 1.22 percent from the INR 214.00 prior close. Its 52-week range was INR 208.50 to INR 316.85, with market capitalization of INR 1.4 trillion and a price-to-earnings ratio of 80.07.
Jio Financial Services stock facts
- Company: Jio Financial Services Limited
- ISIN: INE758E01017
- Ticker: JIOFIN
- Price on NSE: INR 211.39 on October 21, 2026 at 3:29 p.m. IST
- Change versus prior close: minus 1.22 percent
- Market capitalization: INR 1.4 trillion (as of October 21, 2026)
- 52-week range: INR 208.50-316.85 (as of October 21, 2026)
- Price-to-earnings ratio: 80.07 (as of October 21, 2026)
Market context: Market report BSE Sensex.
