Today, on 15th April 2025, Jio Financial Services (JFS) shares are trading at ₹235.25, showing a 2.21% gain from the previous close of ₹230. The stock opened at ₹235.85, which also turned out to be the day’s high so far, while the day’s low was ₹232.50. This steady rise in share price comes ahead of the company’s much-awaited board meeting scheduled on 17th April, where JFS will announce its Q4 FY25 results and possibly declare its first-ever dividend since listing.
Why is Jio Financial stock rising?
The recent rally in Jio Financial Services shares is mainly driven by positive sentiment from investors, as the company announced that its board will consider a maiden dividend for shareholders. This would be the first cash reward from the Mukesh Ambani-led Reliance Group’s financial arm since it was listed in August 2023.
Besides the dividend news, JFS has been expanding its financial services, such as launching a digital loan against securities (LAS) facility. This move allows users to get instant loans up to ₹1 crore by pledging their mutual funds or shares, all through the JioFinance app. Such tech-driven initiatives are seen as growth boosters and are likely to attract more retail and institutional investors.
Financial Snapshot and Performance
In the December quarter (Q3 FY25), JFS posted a net profit of ₹295 crore, which was flat compared to ₹294 crore in the same quarter last year. However, its assets under management (AUM) saw a significant rise to ₹4,199 crore, from ₹1,206 crore in the previous quarter. Total revenue also grew by 6% year-on-year, reaching ₹438 crore.
On the other hand, the stock has seen a 23% correction in 2025 so far and is still 37% down from its 52-week high of ₹394.70. But from its 52-week low of ₹198.60 (hit in March 2025), the stock has bounced back by 18%.
Market Sentiment and Expert Opinion
According to analyst views on Trendlyne, JFS has an average price target of ₹316.50, which signals a possible upside of nearly 36% from current levels. However, opinions remain mixed – some experts suggest holding the stock, while others see it as a good opportunity to accumulate for the long term. On MoneyControl, 100% of experts recommend holding the stock for now.
With the company entering new product categories, reporting steady profits, and now planning its first dividend, investor interest is naturally increasing. The stock has also risen almost 10% in the last one week and 5.4% in the last one month, showing short-term momentum.
Final Thoughts
Jio Financial is slowly proving its strength in the non-banking financial sector (NBFC) with new digital offerings and solid fundamentals. If the dividend is announced on 17th April, it could act as a further positive trigger for the share price. Investors should keep an eye on Q4 results and dividend details before making any buying or selling decision. Always consult a financial expert before investing.