Jio Financial Services has been quite a bullish stock. The asset surged 4% when markets opened on Friday, further boosting investor sentiment. The asset’s price hovered between Rs. 325 and Rs. 340 for nearly two months before breaking out this week, hitting a high of Rs. 363 on Friday.
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While the asset seems to be delivering a stellar performance, this might only be the beginning of what the stock can do. Analysts anticipate the asset to eventually break the four-digit mark. Let’s find out when.
Jio Financial Services Stock Predicted Hit Rs. 1000
Jio Financial Services is currently down by about 8.4% from its all-time high of Rs. 394.70. Despite the dip from its peak, the stock may hit a new all-time high very soon.
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According to the analysts at Exla Resources, the stock will hit a new peak of Rs. 576 in 2025. The platform does not clarify when it anticipates the asset to hit this target. Reaching Rs. 576 from current price levels will translate to a rally of about 59.3%.
Exla Resources analysts do not expect Jio Financial Services to stop at just the Rs. 500 mark. The platform anticipates the asset to hit Rs. 725 in 2026, Rs. 862 in 2027, and finally breach the Rs. 1000 mark in 2028, hitting a potential high of Rs. 1047. Reaching Rs. 1047 from current price levels will entail a rally of about 189.5%.
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Jio Financial Services is further expected to breach the Rs. 2000 barrier in 2040, reaching a high of about Rs. 2104. Hitting Rs. 2104 from the current price will result in a rally of nearly 482%.
