Jio Financial Services Ltd, a key financial arm of Reliance Group based in Mumbai, Maharashtra, saw its share price decline for the third consecutive session on June 19, 2025, amid broader weakness in the Indian equity market. The stock dipped over 1.5% intraday despite an early rise. The dip follows its full acquisition of Jio Payments Bank from State Bank of India and its strong Q4 performance, but technical analysts advise caution unless the price breaks above ₹300.
Jio Financial Services Limited, a leading non-banking financial company under the Reliance Group headquartered in Mumbai, Maharashtra, witnessed a third straight session of losses on the National Stock Exchange (NSE) as its stock dipped over 1.5% intraday, closing at ₹285.30 apiece.
The decline came despite an early green opening and strong fundamentals, as broader Indian market conditions weighed on investor sentiment.
Earlier this month, the company announced a key acquisition move — purchasing 7.9 crore shares of Jio Payments Bank Limited from State Bank of India for ₹104.54 crore. This makes Jio Payments Bank a wholly owned subsidiary of Jio Financial Services, marking the end of its joint venture with SBI. The Reserve Bank of India (RBI) approved the deal on June 4, 2025.
Additionally, Jio BlackRock Asset Management, a 50:50 joint venture between Jio Financial and BlackRock, recently received a green light from the Securities and Exchange Board of India (SEBI) to operate as an investment manager, signaling further expansion into the mutual funds business.
For the fourth quarter of FY25, Jio Financial posted an 18% YoY increase in revenue to ₹493.2 crore, with net profit rising to ₹316 crore, up slightly from ₹310.6 crore last year. The company also reported a substantial jump in assets under management (AUM), climbing from ₹173 crore to ₹10,053 crore as of March 31, 2025, primarily driven by growth in lending and leasing.
However, despite these bullish fundamentals, analysts remain cautious.
Drumil Vithlani, Technical Research Analyst at Bonanza, noted that the stock is facing resistance around ₹298–₹300. “Unless it decisively breaks above ₹300, investors should avoid fresh long positions. A close below ₹280 could push the stock toward ₹260,” he said.
Investors are now watching closely whether the stock can regain upward momentum or if further correction is on the cards amidst broader market volatility.