India, Sept. 2 -- Things on paper seem good for the most recent quarter, with lending increasing at a rapid pace, payments companies becoming productive, the asset management business expanding, and insurance entering the next stage of its development. However, the stock price does not reflect that. It is the difference that makes the firm a worthy consideration.

Jio Financial shares were trading at around Rs240 on August 27, 2026. The company had a market capitalization of about Rs1,54,778 lakh crore, with a 52-week range of Rs223.3 to Rs321.6 and a P/E of around 75x. The stock is roughly 40% below its 2024 peak and is now trading close to the Rs233-Rs235 range seen in January 2024.

Lending Is Still Doing Most of the Heavy Lifting The...