Jio Financial Services Stock Update: Shares Jump on Strong Q1
Jio Financial Services (JIOFIN) share price is trading at ₹245.50, up +4.18%, following its Q1 FY27 results which saw PAT surge 156% YoY. This live stock update covers market moves.
Jio Financial Services (JIOFIN) is witnessing a sharp uptick in early trade today, with its shares currently trading at ₹245.50, marking a significant gain of +4.18% from its previous close of ₹235.65. The stock opened higher at ₹247.50 and touched an intraday high of ₹249.95, while finding support at an intraday low of ₹244.24. This robust movement is accompanied by a surging volume of 39,267,271 shares, indicating strong investor interest following the company's latest financial results.
| JIOFIN – Stock Updates as of (9:38AM, 17 Jul 2026) | |||
LTP ₹245.50 | Open ₹247.50 | High ₹249.95 | Low ₹244.24 |
52W High ₹0.00 | 52W Low ₹0.00 | Volume 39,267,271 | % Chg +4.18% |
52-Week Context
While the provided data for 52-week high and low was initially N/A, recent reports indicate Jio Financial Services' stock has a 52-week high of ₹338.60 and a 52-week low of ₹223.30. Today's upward movement pushes the stock further away from its 52-week low, which it was trading near recently. Despite the current gains, the stock still remains well below its 52-week high. The positive sentiment could potentially see JIOFIN testing higher resistance levels in the near term, building on its nascent trading history as a relatively new listing.
Latest Developments
The primary catalyst behind today's surge is the robust first-quarter (Q1 FY27) earnings reported by Jio Financial Services on Thursday, July 16, 2026, after market hours. The non-banking financial company (NBFC) reported a monumental 156% year-on-year (YoY) jump in consolidated net profit after tax (PAT) to ₹830 crore for the quarter ended June 2026. Consolidated total income, excluding dividend income, also saw a substantial increase of 141% YoY, reaching ₹1,496 crore.
This impressive performance was broad-based, with strong growth across all its key business segments, including lending, payments, asset management, and insurance. Jio Credit, the lending arm, significantly expanded its Assets Under Management (AUM) by 2.6 times YoY to ₹30,667 crore, with quarterly gross disbursements surging 2.7 times to ₹11,252 crore. In the payments segment, Jio Payment Solutions recorded a Total Payment Value (TPV) of ₹19,208 crore, reflecting a 2.5 times YoY increase, while Jio Payments Bank's customer deposits grew 1.7 times YoY to ₹617 crore. The company's asset management joint venture with BlackRock also showed strong traction, with closing AUM rising 21% sequentially to ₹18,412 crore. Furthermore, its insurance broking arm facilitated premiums worth ₹238 crore, a 1.6 times YoY growth. The company also benefited from a capital infusion, having received the second tranche of ₹5,934 crore from its promoter group, bringing the cumulative capital to ₹9,890 crore.
Outlook
Investors will be closely watching if Jio Financial Services can sustain this strong growth momentum throughout the session, as the market digests the full implications of its impressive Q1 results. The stock's ability to hold above key technical levels and maintain robust volumes will be crucial for its near-term trajectory.
Disclaimer: The information provided in this article is based on news reports and is not intended as investment advice. Investing in stocks involves risk. LatestLY advises its readers to consult with a financial advisor before making any investment decisions.
(The above story first appeared on LatestLY on Jul 17, 2026 09:38 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).