Jio Financial Share Price Surge Nearly 4% After Promoter Group’s Stake Increase

Written by: Team Angel OneUpdated on: 2 Nov 2026, 7:48 pm IST

Jio Financial shares saw a 4% rise following the promoter group's stake increase but have fallen 28% in 2026, facing a continued downtrend.

Jio Financial Share Price Surge Nearly 4

Jio Financial Services shares increased by 4% after issuing 12.5 crore shares each to Sikka Ports & Terminals and Jamnagar Utilities & Power, enhancing promoter ownership to 50.98%. The stock, however, declined by 28% in 2026.

The company allotted 12.5 crore shares to Sikka Ports & Terminals and Jamnagar Utilities & Power at ₹316.50 per share, combining a face value of ₹10 and a premium of ₹306.50.

This boosted the promoters' ownership to 50.98% from 49.13%, raising Jio Financial's paid-up equity capital to ₹6,853.14 crore.

Jio Financial Q2 FY27 Financial Performance

Jio Financial reported a 51% year-on-year decrease in net profit for Q2 FY27, standing at ₹340.44 crore. Despite this, total income increased by 70% to ₹1,699.41 crore. Interest income rose sharply to ₹1,257.68 crore, while expenses grew to ₹1,166 crore.

As of November 02, 2026, at 1:52 PM, Jio Financial Services share price on NSE was trading at ₹212.50, up by 3.91% from the previous closing price.

Conclusion

Jio Financial Services’ recent 4% share rise and increased promoter stake follow a challenging period marked by a 28% drop in 2026. Significant support lies around ₹200, while resistance at ₹217-220 levels could influence future movements.

Disclaimer: This blog has been written exclusively for educational purposes. The securities or companies mentioned are only examples and not recommendations. This does not constitute a personal recommendation or investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in the securities market are subject to market risks. Read all the related documents carefully before investing.

Published on: Nov 2, 2026, 2:18 PM IST

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