Jio Financial Services share price has 35% upside potential, Motilal Oswal says with 'buy' rating Shares of Jio Financial Services Ltd. rose on Wednesday, March 11, after brokerage firm Motilal Oswal initiated coverage on the stock with a "buy" rating and a price target of ₹320 per share. The firm projected a 35.2% upside potential from the stock’s previous closing price. This marks the second analyst to provide coverage on the company’s shares. Motilal Oswal highlighted Jio Financial Services’ positioning as India’s next-generation financial services platform, designed to operate across lending, payments, asset management, wealth management, insurance manufacturing and broking, and other digital financial services. The brokerage emphasized the company’s ability to leverage ecosystem synergies, data, distribution networks, and operational discipline to achieve scalable growth in the financial sector. The firm also forecasted that Jio Financial Services’ consolidated Profit After Tax (PAT) would grow at a compounded annual growth rate (CAGR) of 48% over the financial years 2026-2028. This projection underscores the company’s potential to deliver strong returns as it expands its services and taps into the growing demand for digital financial solutions in India. The stock’s recent performance aligns with the brokerage’s positive outlook, reflecting investor confidence in Jio Financial Services’ strategic initiatives and market position. Analysts noted that the company’s integration of technology and its focus on innovation position it well to capitalize on emerging opportunities in the financial services sector. The analysis highlights the broader implications of Jio Financial Services’ growth trajectory, particularly in a market where digital transformation is reshaping traditional financial models.#stock_market #india #financial_services #jio_financial_services #motilal_oswal
