Jio Financial Services share price traded lower on Friday after the company reported its Q2 results. Jio Financial Services shares declined as much as 1.5% to ₹307.40 apiece on the BSE.
Jio Financial Services on Thursday reported a 0.9% growth in its consolidated Q2FY26 net profit to ₹695 crore from ₹689 crore in the year ago period. The company’s revenue from operations during the second quarter of FY26 increased 41% to ₹981 crore from ₹693 crore in the corresponding quarter of the last financial year.
The Assets Under Management (AUM) of the Mukesh Ambani-led Reliance Group’s NBFC rose to ₹14,712 crore from ₹1,206 crore, YoY. AMC AUM at Rs. 15,980 crore.
The AUM of Jio Finance’s Asset Management Company (AMC) reached ₹15,980 crore, with the maiden NFO for the flexi cap fund attracting ₹1,500 crore.
Jio Credit Limited (JCL), the NBFC arm of Jio Financial Services, reported a 12x YoY growth in its AUM during the September quarter.
Should you buy, sell or hold Jio Financial Services shares after Q2 results?
Jio Financial Services Limited has reported robust growth in Q2FY26, with its Net Income from Business comprising 52% of consolidated net total income, up from 14% in Q2 FY25, said Seema Srivastava, Senior Research Analyst at SMC Global Securities.
“With strong execution momentum, Jio Financial Services is poised for continued growth, leveraging AI and analytics to deliver personalized financial products,” Srivastava added.
Jio Finance share price has fallen 2% in one month, but the stock has rallied 25% in the past six months. Jio Financial Services share price has remained flat on a YTD basis and has declined 6% in one year. The NBFC stock has delivered 40% returns in two years.
Technical Outlook
Jio Financial Services share price recently witnessed a significant trendline breakout on the monthly chart, particularly above the ₹280-300 level, indicating strong potential for an upward move, noted Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi.
“This breakout is clearly visible on both the weekly and monthly timeframes, reflecting robust bullish sentiment and a shift in market structure. In the short term, technical indicators such as the RSI are showing notable strength, further supporting the positive outlook. Given this setup, traders and investors may consider adopting a “buy on dips” approach, especially around the ₹290 – ₹310 zone, which now acts as a crucial support area,” Dongre said.
According to him, this level not only offers an attractive entry point but also provides a favorable risk-reward opportunity for medium to long-term gains.
“Investors can look to hold or accumulate Jio Financial Services shares with a stop loss at ₹270, while targeting an upside potential towards ₹350 – ₹380,” Dongre added.
At 11:55 AM, Jio Finance share price was trading 1.09% lower at ₹308.70 apiece on the BSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
