Motilal Oswal keeps INR 300 target for Jio Financial Services stock

Published on 10/16/2026 at 15:16 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter income rose 132.00 percent year over year to INR 1.70 billion. Jio Financial Services stock costs INR 216.25 on October 16, 2026, down 1.26 percent on NSE.

Analyst target and earnings

On October 15, 2026, Motilal Oswal reiterated an INR 300 target for Jio Financial Services.
Second-quarter total income rose 132.00 percent year over year to INR 1.70 billion.
Jio Financial Services stock was last at INR 216.25 on October 16, 2026 at 3:28 p.m. IST, down 1.26 percent on NSE versus INR 219.01.
Jio Financial Services had a market capitalization of INR 1,427.9 billion on October 16, 2026.

Jio Financial Services, INE758E01017, Illustration mit AI erstellt.

Motilal Oswal reiterated an INR 300 target for Jio Financial Services on October 15, 2026, according to BusinessToday. The target is 38.73 percent above the NSE price of INR 216.25. Jio Financial Services was last at INR 216.25 on October 16, 2026 at 3:28 p.m. IST, down 1.26 percent versus the NSE prior close of INR 219.01.

Income growth meets profit pressure

The second-quarter results delivered a sharp split between scale and earnings. According to The Economic Times, total income rose 132.00 percent year over year to INR 1.70 billion in the second quarter ended September 30, 2026, converted from INR 1,699 crore. Net interest income increased 165.00 percent to INR 680.00 crore, while profit after tax fell 51.00 percent to INR 340.00 crore from INR 695.00 crore.

Stock position in the yearly range

The NSE quote places the stock 3.72 percent above its 52-week low of INR 208.50 and 31.74 percent below its 52-week high of INR 316.85, both as of October 16, 2026. Trading volume reached 17,429,762 shares against an average of 15,829,142, while the year-to-date performance stood at minus 26.00 percent.

Valuation and market size

Jio Financial Services carried a market capitalization of INR 1,427.9 billion on October 16, 2026, with a P/E ratio of 81.91 and a dividend yield of 0.00 percent. Motilal Oswal said its INR 300 target followed a 6.60 percent cut to its fiscal 2027 earnings-per-share estimate because of higher provisions, while its fiscal 2028 estimate was raised as net interest income improved.

Comparison with peers

Jio Financial Services (NSE, INR): minus 1.26 percent, P/E 81.91, market capitalization INR 1,427.9 billion

Bajaj Finance (NSE, INR): plus 1.75 percent, P/E 30.15, market capitalization INR 6,110.0 billion

HDFC Asset Management Company (NSE, INR): minus 0.68 percent, P/E 34.65, market capitalization INR 1,029.2 billion

Price and investor perspective

The market is weighing rapid income expansion against a lower quarterly profit and a high reported earnings multiple. The contrast is clearest in the second-quarter figures: net interest income accelerated while profit after tax declined because expenses and finance costs rose.