Jio Financial Services share price jumps 6% after Q1 profit soars 155%; should you buy the stock?

Jio Financial Services shares surged 6% to about Rs 250 after reporting a 155% year-on-year jump in Q1 consolidated net profit to Rs 830 crore, while revenue from operations rose 227% YoY to Rs 2,004 crore. Motilal Oswal maintained its Buy rating with a target price of Rs 315, citing healthy June-quarter performance and AUM crossing Rs 300 billion in Jio Credit, despite trimming FY27 and FY28 EPS estimates by 4% and 6% on higher operating costs.