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Motilal Oswal Issues Buy Call on Jio Financial Services With Target of Rs 300
M
Moneycontrol•16-10-2026, 10:39
Motilal Oswal Issues Buy Call on Jio Financial Services With Target of Rs 300
- •Motilal Oswal has expressed a bullish outlook on Jio Financial Services in its latest research report.
- •The brokerage firm has recommended a buy rating on the stock.
- •A target price of Rs 300 has been set for Jio Financial Services as of October 15, 2026.
Key Questions Answered
Motilal Oswal issued a research report on October 15, 2026, maintaining a buy rating on Jio Financial Services with a target price of Rs 300.
In Q1FY27, Jio Financial Services reported a 156% increase in profit after tax to ₹830 crore, while net interest income rose 106% year-over-year to ₹544 crore. Its gross assets under management also grew 163% to reach ₹30,667 crore.
Jio Financial Services leverages Jio's subscriber base of over 500 million and Reliance's retail footprint for a lower-cost customer acquisition model. The company operates as a next-gen digital financial platform spanning lending, payments, asset management, and insurance.
