{"id":328633,"date":"2026-10-27T15:50:34","date_gmt":"2026-10-27T10:20:34","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=328633"},"modified":"2026-10-27T15:50:34","modified_gmt":"2026-10-27T10:20:34","slug":"jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/","title":{"rendered":"Jio Financial Services Share Price Decoded: Reliance Stock Performance Amid Jio Platforms Listing Buzz, Q2 Results, Outlook and Key Levels"},"content":{"rendered":"<p style=\"border-left:4px solid #1F4E79;background:#EBF3FB;padding:10px 16px;font-style:italic;\"><em>The Jio Financial share price closed at Rs 207.24 on Tuesday, 27 Oct 2026, up 0.98% from Rs 205.23, while Reliance Industries closed at Rs 1,196.20, down 0.47%, a day before Jio Platforms is expected to list on 28 Oct. Jio Financial Services is a separate company and is not part of the Jio Platforms issue, so any effect on the stock is indirect.<\/em><\/p>\n<div style=\"background:#F0F9FF;border-left:4px solid #2E7D32;border-radius:6px;padding:14px 18px;margin:18px 0;\">\n<p style=\"margin:0;color:#1F4E79;font-size:14px;\"><strong>Quick Answer<\/strong><\/p>\n<p style=\"margin:8px 0 0;\">The Jio Financial share price has no direct link to the Jio Platforms listing, because Jio Financial Services is a different listed company and was not part of the issue, which is why market experts call the impact indirect. The stock is more exposed to its own Q2 FY27 results, in which net profit fell 51% to Rs 340.44 crore while gross AUM in the lending arm rose 154% to Rs 37,320 crore. At 79.31 times earnings and a return on equity of 1.32%, the Jio Financial share price already reflects expectations of growth in lending, asset management and payments. This is educational and not a recommendation.<\/p>\n<\/p><\/div>\n<p>The Jio Financial share price often moves with Reliance group headlines, so the Jio Platforms IPO and its listing on 28 Oct have put the stock back in focus. This article explains what the Jio Platforms IPO is, why it is not the same as Jio Financial Services, what the Jio Financial share price has done after the Q2 results and what the technical levels show, and it shows how Reliance stock has behaved around the issue.<\/p>\n<p>I could not find brokerage target prices for the Jio Financial share price after the Q2 results, and the only listing-price expectation I found for Jio Platforms comes from one analyst in a report with some unclear details. It is educational and not advice.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/user\/log-in?utm_source=blogs&#038;utm_medium=jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\">Click Here &#8211; Get Free Investment Predictions<\/a><\/strong><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Jio_Platforms_Listing_What_Is_Different_From_Jio_Financial_Services\" title=\"Jio Platforms Listing: What Is Different From Jio Financial Services\">Jio Platforms Listing: What Is Different From Jio Financial Services<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Jio_Financial_Share_Price_and_Reliance_Share_Price_Compared\" title=\"Jio Financial Share Price and Reliance Share Price Compared\">Jio Financial Share Price and Reliance Share Price Compared<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Q2_FY27_Results_Behind_the_Jio_Financial_Share_Price\" title=\"Q2 FY27 Results Behind the Jio Financial Share Price\">Q2 FY27 Results Behind the Jio Financial Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Growth_Engines_Behind_the_Jio_Financial_Share_Price\" title=\"Growth Engines Behind the Jio Financial Share Price\">Growth Engines Behind the Jio Financial Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Valuation_of_the_Jio_Financial_Share_Price\" title=\"Valuation of the Jio Financial Share Price\">Valuation of the Jio Financial Share Price<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Risks_and_What_to_Watch_Next\" title=\"Risks and What to Watch Next\">Risks and What to Watch Next<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Conclusion_The_Jio_Financial_Share_Price_Follows_Its_Own_Numbers\" title=\"Conclusion: The Jio Financial Share Price Follows Its Own Numbers\">Conclusion: The Jio Financial Share Price Follows Its Own Numbers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Frequently_Asked_Questions\" title=\"Frequently Asked Questions\">Frequently Asked Questions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Does_the_Jio_Platforms_listing_affect_the_Jio_Financial_share_price\" title=\"Does the Jio Platforms listing affect the Jio Financial share price?\">Does the Jio Platforms listing affect the Jio Financial share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#What_were_the_Q2_FY27_results_of_Jio_Financial_Services\" title=\"What were the Q2 FY27 results of Jio Financial Services?\">What were the Q2 FY27 results of Jio Financial Services?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Why_did_the_Jio_Financial_share_price_fall_after_Q2_results\" title=\"Why did the Jio Financial share price fall after Q2 results?\">Why did the Jio Financial share price fall after Q2 results?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#When_is_the_Jio_Platforms_IPO_listing\" title=\"When is the Jio Platforms IPO listing?\">When is the Jio Platforms IPO listing?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#How_has_the_Reliance_share_price_performed_around_the_Jio_Platforms_issue\" title=\"How has the Reliance share price performed around the Jio Platforms issue?\">How has the Reliance share price performed around the Jio Platforms issue?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#What_are_the_key_technical_levels_for_the_Jio_Financial_share_price\" title=\"What are the key technical levels for the Jio Financial share price?\">What are the key technical levels for the Jio Financial share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#What_are_the_risks_for_the_Jio_Financial_share_price\" title=\"What are the risks for the Jio Financial share price?\">What are the risks for the Jio Financial share price?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/univest.in\/blogs-2\/jio-financial-services-share-price-decoded-reliance-stock-and-jio-platforms-listing-buzz-q2-fy27-results-outlook-and-key-levels\/#Is_this_article_investment_advice\" title=\"Is this article investment advice?\">Is this article investment advice?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Jio_Platforms_Listing_What_Is_Different_From_Jio_Financial_Services\"><\/span><strong>Jio Platforms Listing: What Is Different From Jio Financial Services<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jio Financial share price: Jio Platforms issue<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Detail<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dates<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Opened 21 Oct, closed 23 Oct 2026; listing expected on Wednesday, 28 Oct 2026<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price band and anchor price<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,065 to Rs 1,119; anchor investors were allotted shares at Rs 1,119<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Issue size<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">A fresh issue of 27 crore shares raising about Rs 30,213 crore at the upper end; no shares sold by Reliance<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Subscription<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">22.19 times overall; qualified institutional buyers 70.55 times, non-institutional 14 times, retail 2.72 times<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Applications<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 1.39 crore, described as a record<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Reliance stake<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">66.43% before the issue and about 64.48% after, assuming the full fresh issue (my source&#8217;s illustration)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Use of proceeds<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mainly to prepay up to Rs 27,500 crore of borrowings of the telecom subsidiary<\/td>\n<\/tr>\n<\/table>\n<p>A source dated 15 Oct states plainly that Jio Platforms is different from Jio Financial Services and that Jio Financial is not part of the issue. One analyst expects a listing price of Rs 1,350 to Rs 1,400, which is about 21% to 25% above the Rs 1,119 anchor price (my calculation), and a near-term Reliance target of Rs 1,250 to Rs 1,300. That is a single view, and the report it appears in contains some garbled details.<\/p>\n<p style=\"margin-top:24px;\"><strong><a href=\"https:\/\/univest.in\/screeners\">Track the Jio Financial share price and Reliance group stocks on Univest<\/a><\/strong><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Jio_Financial_Share_Price_and_Reliance_Share_Price_Compared\"><\/span><strong>Jio Financial Share Price and Reliance Share Price Compared<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jio Financial share price: measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jio Financial Services<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reliance Industries<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Close on 27 Oct 2026<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 207.24 (+0.98%)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,196.20 (-0.47%)<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Day range<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 204.30 to Rs 208<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,184 to Rs 1,202.60<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">14-day RSI<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">34.06<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">44.03<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">20-day EMA<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 213.30<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,193.37<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">SuperTrend (10, 3)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy; lower band Rs 203.16, upper band Rs 220.56<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Buy; lower band Rs 1,134.72, upper band Rs 1,230.75<\/td>\n<\/tr>\n<\/table>\n<p>The Reliance share price closed at Rs 1,202 before the Jio Platforms issue opened and traded near Rs 1,200 at allotment, so it has been flat through the issue (about 0.5% lower now, my calculation). The Jio Financial share price is about 2.8% below its 20-day average and has an RSI of 34.06, which is weak, while it sits about 2.0% above the lower SuperTrend band of Rs 203.16. These are trend readings and not targets.<\/p>\n<p style=\"margin-top:24px;\"><em>Download the <a href=\"http:\/\/apps.apple.com\/in\/app\/univest-stocks-investment\/id6443753518\" rel=\"nofollow noopener\" target=\"_blank\">Univest iOS App<\/a> or <a href=\"http:\/\/play.google.com\/store\/apps\/details?id=com.univest.capp&#038;hl=en_IN\" rel=\"nofollow noopener\" target=\"_blank\">Univest Android App<\/a> to set price alerts on the Jio Financial share price and Reliance Industries.<\/em><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Q2_FY27_Results_Behind_the_Jio_Financial_Share_Price\"><\/span><strong>Q2 FY27 Results Behind the Jio Financial Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jio Financial share price: Q2 FY27 (Rs crore)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Change<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,699<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 132% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Interest income<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,258<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 221% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Total expenses<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1,125<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 166% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Finance cost<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">578<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 325% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Pre-provision operating profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">574<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 85% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Provisions<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">41<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Up 208% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Profit before tax<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">489<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 37% year on year<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Net profit<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">340.44<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Down 51% from 695.04; down 59% from 830.25 in Q1<\/td>\n<\/tr>\n<\/table>\n<p>The fall in profit behind the Jio Financial share price has three causes. Dividend income was nil against Rs 269 crore a year earlier and Rs 509 crore in Q1, the share of associates and joint ventures swung to a loss of Rs 44 crore from a gain of Rs 217 crore, and finance costs rose with borrowings of Rs 42,007 crore, up about 250%. Motilal Oswal said profit was about 27% below its estimate, partly due to higher provisions, and cut its FY27 earnings estimates, and the stock fell about 2.3% to 2.5% on 16 Oct.<\/p>\n<p>One source says total income rose 14% from Q1, while the data provider&#8217;s revenue of Rs 1,699.41 crore is about 15% below its Q1 figure of Rs 2,004.54 crore (my calculation), because the provider includes dividend income. The difference is one of definition, so use the same basis when comparing quarters.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Growth_Engines_Behind_the_Jio_Financial_Share_Price\"><\/span><strong>Growth Engines Behind the Jio Financial Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jio Financial share price: business<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Q2 FY27 reading<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio Credit (lending)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Gross AUM Rs 37,320 crore, up 154%; disbursements Rs 13,135 crore, up 98%; profit Rs 120 crore, up 140%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Mortgages 44.5% and corporate and SME 44.2% of AUM<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Lending funding<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Capital adequacy 18.50%; average borrowing cost 7.08%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Borrowings are funding the growth<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">JioBlackRock Asset Management<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Closing AUM Rs 22,746 crore, up 57%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">About 12 lakh retail investors<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio Payments Bank<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Deposits Rs 643 crore, up 53%; about 40 lakh CASA customers<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Small base<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Insurance broking<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Premiums facilitated Rs 347 crore, up 46%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Joint ventures still await approvals<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Jio Finance app<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">3.2 crore unique users; about 80 lakh monthly active users<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">More than 30 products<\/td>\n<\/tr>\n<\/table>\n<p>Lending is the engine, and it is also what raises finance costs and provisions. The asset management, payments and insurance businesses are small today, so the Jio Financial share price rests on lending growth and on how quickly the other arms become profitable.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Valuation_of_the_Jio_Financial_Share_Price\"><\/span><strong>Valuation of the Jio Financial Share Price<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<table style=\"border-collapse:collapse;width:100%;\">\n<tr>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Jio Financial share price: measure<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Reading (data provider)<\/th>\n<th style=\"text-align:left;padding:8px;border:1px solid #DDDDDD;background:#0A0E1A;color:#FFFFFF;\">Comment<\/th>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to earnings<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">79.31<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Industry level is 16.20<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Price to book<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.05<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Book value Rs 196.26 per share<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Return on equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">1.32%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low, as the company is still building its books<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Earnings per share (TTM)<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 2.59<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Fell with Q2 profit<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Debt to equity<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.32<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rising with lending<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Market cap<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Rs 1,35,629 crore<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Data provider<\/td>\n<\/tr>\n<tr>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Dividend yield<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">0.28%<\/td>\n<td style=\"padding:8px;border:1px solid #DDDDDD;\">Low<\/td>\n<\/tr>\n<\/table>\n<p>At a price to book of 1.05, the Jio Financial share price values the company close to its net worth, while the price to earnings of 79.31 shows how low current earnings are against that equity. The Jio Financial share price therefore depends on a rise in return on equity as lending scales.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Risks_and_What_to_Watch_Next\"><\/span><strong>Risks and What to Watch Next<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<ol>\n<li><strong>Indirect link.<\/strong> The Jio Platforms listing on 28 Oct does not change Jio Financial&#8217;s earnings, so any move can fade.<\/li>\n<li><strong>Earnings quality.<\/strong> Net profit fell 51% and dividend income was nil, so the Jio Financial share price relies on lending growth for profit.<\/li>\n<li><strong>Funding costs.<\/strong> Borrowings rose about 250% and finance costs rose 325%.<\/li>\n<li><strong>Provisions.<\/strong> Provisions rose 208%, which was a reason for the miss against estimates.<\/li>\n<li><strong>Valuation.<\/strong> At 79.31 times earnings, the Jio Financial share price needs the return on equity to rise.<\/li>\n<\/ol>\n<h2><span class=\"ez-toc-section\" id=\"Conclusion_The_Jio_Financial_Share_Price_Follows_Its_Own_Numbers\"><\/span><strong>Conclusion: The Jio Financial Share Price Follows Its Own Numbers<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>The Jio Financial share price shares a group name with Jio Platforms but not its earnings, and the listing on 28 Oct is an indirect factor at best. The stock&#8217;s own story is fast lending growth against a sharp fall in Q2 profit, a weak RSI of 34.06 and a high multiple. Watch the next quarter&#8217;s profit, provisions and AUM. Verify the filings and decide according to your own risk profile.<\/p>\n<div style=\"background:#CC0000;border-radius:8px;padding:16px 20px;margin:24px 0;\">\n<p style=\"color:#FFFFFF;font-size:13px;line-height:1.7;margin:0;\"><strong style=\"color:#FFFFFF;\">Disclaimer:<\/strong> Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).<\/p>\n<\/p><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions\"><\/span><strong>Frequently Asked Questions<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Does_the_Jio_Platforms_listing_affect_the_Jio_Financial_share_price\"><\/span><strong>Does the Jio Platforms listing affect the Jio Financial share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Only indirectly. Jio Financial Services is a separate listed company and is not part of the Jio Platforms issue, which is why experts call the impact indirect. The stock is driven by its own results and by group sentiment.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_were_the_Q2_FY27_results_of_Jio_Financial_Services\"><\/span><strong>What were the Q2 FY27 results of Jio Financial Services?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Net profit was Rs 340.44 crore, down 51% from Rs 695.04 crore a year earlier and down 59% from Q1. Total income was Rs 1,699 crore, up 132% year on year, and the profit fall came from nil dividend income, a loss from associates and higher finance costs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Why_did_the_Jio_Financial_share_price_fall_after_Q2_results\"><\/span><strong>Why did the Jio Financial share price fall after Q2 results?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Motilal Oswal said profit was about 27% below its estimate, partly because of higher provisions, and cut its FY27 earnings estimates. The stock fell about 2.3% to 2.5% on 16 Oct 2026.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"When_is_the_Jio_Platforms_IPO_listing\"><\/span><strong>When is the Jio Platforms IPO listing?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Listing is expected on Wednesday, 28 Oct 2026 on the BSE and NSE. The issue was subscribed 22.19 times overall at a price band of Rs 1,065 to Rs 1,119, and anchor investors were allotted shares at Rs 1,119.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_has_the_Reliance_share_price_performed_around_the_Jio_Platforms_issue\"><\/span><strong>How has the Reliance share price performed around the Jio Platforms issue?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> Reliance closed at Rs 1,202 before the issue opened and traded near Rs 1,200 at allotment. On 27 Oct it closed at Rs 1,196.20, down 0.47%. One analyst&#8217;s near-term target of Rs 1,250 to Rs 1,300 is a single view.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_key_technical_levels_for_the_Jio_Financial_share_price\"><\/span><strong>What are the key technical levels for the Jio Financial share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The 14-day RSI is 34.06, the 20-day EMA is Rs 213.30 and the SuperTrend signal is a buy with a lower band of Rs 203.16 and an upper band of Rs 220.56. These are trend readings and not targets.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_are_the_risks_for_the_Jio_Financial_share_price\"><\/span><strong>What are the risks for the Jio Financial share price?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> The main risks are the indirect link to the listing, falling profit, higher funding costs and provisions, and a valuation of 79.31 times earnings with a return on equity of 1.32%. Check company filings before taking any decision.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_this_article_investment_advice\"><\/span><strong>Is this article investment advice?<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><strong>Ans.<\/strong> No. It is educational and not a recommendation to buy or sell. Please check the figures against company filings and your own risk profile before you act on anything you read here.<\/p>\n<div class=\"faq-schema\"><script type=\"application\/ld+json\">{\"@context\":\"https:\/\/schema.org\",\"@type\":\"FAQPage\",\"mainEntity\":[{\"@type\":\"Question\",\"name\":\"Does the Jio Platforms listing affect the Jio Financial share price?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Only indirectly. Jio Financial Services is a separate listed company and is not part of the Jio Platforms issue, which is why experts call the impact indirect. The stock is driven by its own results and by group sentiment.\"}},{\"@type\":\"Question\",\"name\":\"What were the Q2 FY27 results of Jio Financial Services?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Net profit was Rs 340.44 crore, down 51% from Rs 695.04 crore a year earlier and down 59% from Q1. Total income was Rs 1,699 crore, up 132% year on year, and the profit fall came from nil dividend income, a loss from associates and higher finance costs.\"}},{\"@type\":\"Question\",\"name\":\"Why did the Jio Financial share price fall after Q2 results?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Motilal Oswal said profit was about 27% below its estimate, partly because of higher provisions, and cut its FY27 earnings estimates. The stock fell about 2.3% to 2.5% on 16 Oct 2026.\"}},{\"@type\":\"Question\",\"name\":\"When is the Jio Platforms IPO listing?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Listing is expected on Wednesday, 28 Oct 2026 on the BSE and NSE. The issue was subscribed 22.19 times overall at a price band of Rs 1,065 to Rs 1,119, and anchor investors were allotted shares at Rs 1,119.\"}},{\"@type\":\"Question\",\"name\":\"How has the Reliance share price performed around the Jio Platforms issue?\",\"acceptedAnswer\":{\"@type\":\"Answer\",\"text\":\"Reliance closed at Rs 1,202 before the issue opened and traded near Rs 1,200 at allotment. On 27 Oct it closed at Rs 1,196.20, down 0.47%. 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Please check the figures against company filings and your own risk profile before you act on anything you read here.\"}}]}<\/script><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Jio Financial share price decoded: how the Jio Platforms listing and Reliance stock relate, plus Q2 FY27 results, valuation and key levels. 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