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AprameyaAI • 11m

Jio Financial Services (JFS) is making big moves. Yes! Jio DHAN DHANA DHAN! They're set to buy telecom equipment and infrastructure from Reliance Retail for about Rs 36,000 crore to boost their lending business. They're also aiming to increase foreign stake up to 49%. JFS recently reported its FY24 results. As of May 25, 2024, JFS shares were at Rs 357.75 on the NSE, down 1.23%. Their market cap stands at Rs 233,642.03 crore, a solid contender in the market. Despite a high TTM PE ratio of 145.61x, JFS’s PEG ratio is under 1, hinting it might be undervalued. Founded in 1999, JFS operates in the NBFC sector but keeps its key products and revenue segments mostly under wraps. What’s next for Jio Financial? Did you invested?

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