Jio Financial Services stock: Motilal Oswal sets INR 300 target

Published on 10/22/2026 at 16:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 73.15 percent in Q2 FY27. Jio Financial Services stock hit INR 210.80 on October 22, 2026 at 3:29 p.m. IST, down 0.28 percent.

Analyst target and earnings

Motilal Oswal set an INR 300.00 target on October 15, 2026.
Revenue from operations rose 73.15 percent year over year to INR 1,699.28 crore in Q2 FY27.
Jio Financial Services stock was INR 210.80 on October 22, 2026 at 3:29 p.m. IST, down 0.28 percent from INR 211.39.
The trailing P/E was 79.85 on October 22, 2026.

Jio Financial Services, INE758E01017, Illustration mit AI erstellt.

Motilal Oswal reiterated its Buy rating and set an INR 300.00 target for Jio Financial Services on October 15, 2026, according to Moneycontrol. The target is 42.33 percent above the NSE price of INR 210.80. Jio Financial Services (ISIN INE758E01017) was last at INR 210.80 on October 22, 2026 at 3:29 p.m. IST, down 0.28 percent versus the prior close of INR 211.39 on the NSE.

Revenue growth meets profit pressure

For the quarter ended September 30, 2026, revenue from operations increased 73.15 percent year over year to INR 1,699.28 crore from INR 981.39 crore. Consolidated net profit fell 51.02 percent to INR 340.44 crore from INR 695.04 crore in the same quarter a year earlier, according to ET Now. Net interest income rose 165 percent year over year to INR 680.00 crore, while total expenses increased 167.09 percent to INR 1,166.07 crore.

Stock stays near its yearly low

The NSE quote stood 1.10 percent above the 52-week low of INR 208.50 and 33.47 percent below the 52-week high of INR 316.85 on October 22, 2026. Trading volume was 11,030,648 shares, while the market capitalization was INR 1.4 trillion. The trailing P/E was 79.85 on the same date.

Valuation and peer view

Motilal Oswal said its INR 300.00 target was based on a September 2028 sum-of-the-parts valuation and that its model excluded several businesses still in incubation. The firm 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.

Comparison with peers

Jio Financial Services: down 0.28 percent, P/E 79.85, market capitalization INR 1.4 trillion.

Bajaj Finance (NSE, INR): up 1.74 percent, P/E 27.08, market capitalization INR 5.9 trillion.

HDFC Asset Management Company (NSE, INR): down 1.65 percent, P/E 32.84, market capitalization INR 975.4 billion.

What the target implies

The INR 300.00 target sits materially above the current NSE quote, while the latest quarter shows a split picture: operating income expanded rapidly, but reported profit contracted because the comparison period included dividend income and expenses rose sharply.

Jio Financial Services was last at INR 210.80 on October 22, 2026 at 3:29 p.m. IST, down 0.28 percent versus the prior close of INR 211.39 on the NSE.