Good day everyone.
Today, we’re diving into Jio Financial Services Ltd stock, another stock I hope will become a multibegger in the next 6-12 months. If you’re also considering this stock as a potential investment and wondering Is Jio Financial Services Ltd a good buy, then let’s break it down quickly. 🕵️♂️
Check Quarterly Results, Profit & Loss and other stats => Jio Financial Services Ltd.
Important metrics i look for in a stock before i even think about investing into it.
- Quarterly Sales
- Yearly profit
- OPM
- Capex if any from news and other sources
- Promoter’s Holdings
- Any recent bulk deals
- Any ‘Star Investors/DII/FII’ interested in this stock.
All in all Lot’s of research. I will add more things in this list as i will gain more knowledge about stock market and its metrics. On technicals side i look at RSI, Supertrend(daily/weekly chart). Mostly i still believe that a good stock with strong fundamentals and management will only get better and better in long term.
So lets look into some charts and metrics for this stock.
| Indicator | Mar-2024 | Dec-2023 | Sep-2023 | Jun-2023 | Mar-2023 | Dec-2022 | Sep-2022 | Jun-2022 |
|---|---|---|---|---|---|---|---|---|
| Total Revenue | 140.5 | 134.1 | 148.9 | 214.6 | 21 | 35 | 3 | 35.7 |
| Oper Rev | 140.5 | 134.1 | 148.9 | 214.6 | 17.8 | 35 | 3 | 35.7 |
| Operating Expenses | 33.4 | 33.3 | 22.2 | 5.6 | 1 | 4.1 | 0.2 | 49.9 |
| Operating Profit | 107.1 | 100.8 | 126.7 | 209 | 16.7 | 30.9 | 2.8 | -4.2 |
| Operating Profit Margin % | 76.20% | 75.20% | 85.06% | 97.41% | 94.25% | 88.27% | 93.22% | -11.78% |
| Net Profit | 77.8 | 70.5 | 88.8 | 145.5 | 23 | 8 | 2 | -1.8 |
| Basic EPS | 0.1 | 0.1 | 0.1 | 281.5 | 44.6 | 15.6 | 3.9 | -9.1 |
| Net profit TTM | 382.5 | 327.7 | 265.3 | 178.6 | 31.3 | - | - | - |
So for Jio Financial Services Ltd its sales are increasing👍, OPM is great👍, Promoter’s are increasing their share👍, Net Profit after tax is also OK. P/E is much higher than Industry P/E so that’s not GOOD😟. Daily chart Supertrend is showing SELL signs. Investors wise its in OKAY zone for me. Normally I wouldn’t consider such stock even though its showing good sign cause i like to be very picky when investing but I wanted to make an exception for this cause i know this stock will be the next big thing in financial services market in near future because of its strong backing by India’s biggest names.
I have already bought this stock (@265) and so far, it’s going great. I am planning to hold it for next 5-6 months unless some unknown events in future forces me to sell it. who knows?
Looking for More Stock Picks?
If you’re interested in more investment opportunities, check out my recent post on Short-Term Stock Picks for June/July 2024. It’s packed with insights and recommendations that might fit your portfolio strategy perfectly.
It’s very important to do your homework before considering any investment! 📚 Don’t just take my word for it. Dive into the numbers, check the latest market trends, and maybe chat with a financial advisor if you want to get all fancy.
Happy investing, and may your portfolio be forever in the green! 🚀💰
