Futures of JM Financial Share Price: If it crosses 125 then price can go up180, otherwise go down to Rs 70
As September 2024 approaches, investors are eagerly anticipating the future of JM Financial’s share price. The company, known for its integrated and diversified financial services, has been making waves in the market with its recent performance. In this article, we will delve into a comprehensive analysis of JM Financial’s share price forecast for September 2024, considering various factors such as live today’s price, next-day price forecast, market performance, technical analysis, fundamental analysis, today’s target prediction, intraday trading levels, quarterly results analysis, market outlook, and more.
Main Points
- 1 Live Today’s Price and Next Day Forecast of JM Financial Share Price
- 2 Market Performance and Technical Analysis of JM Financial Share Price
- 3 Important levels of JM Financial Share Price on a month-wise basis
- 4 Fundamental Analysis and Quarterly Results
- 5 Today’s Target Prediction and Intraday Trading Levels of JM Financial Share Price
- 6 Market Outlook and Tomorrow’s Expected Performance of JM Financial Share Price
- 7 Comparison with Peer Stocks and Key Factors of JM Financial Share Price
- 8 Bearish and Bullish Trends of JM Financial Share Price
- 9 Today’s Update News and Important Levels of JM Financial Share Price
As of September 3rd, 2024, JM Financial’s share price closed at Rs 109.35, marking a significant gain of 5.08%. The stock is currently trading close to its 52-week high of Rs 114.95, with only a 1.64% difference. This positive movement has been recognized by MarketsMOJO, who have given a ‘Buy’ call for the stock.
Looking ahead to the next day, investors are keen to know how JM Financial’s share price will perform. Based on the current market trends and analysts’ predictions, the stock is expected to maintain its upward momentum and continue its positive performance in the coming days.
JM Financial has been on a winning streak for the past four days, with a consecutive gain of 11.1% in this period. The stock also touched an intraday high of Rs 114.25, a 5.49% increase from its previous close. This shows the confidence of investors in the company’s future prospects.
Moreover, JM Financial is currently trading higher than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. This indicates a positive trend for the stock and further reinforces the ‘Buy’ call given by MarketsMOJO.
If JM Financial Share Price crosses Rs 125 and stays above this price for some time, then it can go up to Rs 180
What is the confirmation: Confirmation of JM Financial Share Price going up. If we check the history of the share, then on 16 July 2021, JM Financial Share Price saw a tremendous decline after setting a high of Rs 117, this decline continued till 29 May 2023.
After this, by taking a support of 57.85, a high of Rs 114 was set till 29 January 2024. From this price, again on 4 June 2024, taking a support of Rs 69, buying is still going on in the market.
Currently JM Financial Share Price is trading around Rs 120. That is, this is the same level from where JM Financial Share Price had earlier also shown a decline by taking registration.
In such a situation, big investors are more focused on JM Financial Share Price.
If Suzlon Energy share price crosses Rs 77, it can go up to Rs 83, down level is up to Rs 67.
Fundamental Analysis and Quarterly Results
JM Financial’s recent quarterly results have been a key factor in its share price performance. The company is expected to deliver a good quarter, with a healthy dividend payout of 36.7%. Additionally, the company’s debtor days have improved from 75.7 to 43.4 days, and its working capital requirements have reduced from 249 days to 105 days.
These positive developments in the company’s fundamentals have contributed to the increase in investor confidence and the subsequent rise in the share price.
Based on the current market conditions and technical indicators, JM Financial’s share price is expected to reach a target of Rs 115-120 in the near future. However, it’s important to note that this is a general prediction, and investors should always do their own research and analysis before making investment decisions.
In terms of intraday trading levels, JM Financial’s share price is expected to fluctuate between Rs 107.40 and Rs 112.50. Traders can use these levels as a reference point for their buy and sell decisions.
The overall market outlook for JM Financial is positive, with the stock expected to continue its upward trend in the coming days. The company’s strong fundamentals, coupled with the positive market sentiment, are likely to drive the share price higher.
Looking ahead to tomorrow, JM Financial’s share price is expected to maintain its positive performance and potentially reach new highs. However, it’s crucial to keep in mind that the stock market is inherently volatile, and investors should always be prepared for unexpected fluctuations.
When compared to its peers in the finance and investment sector, JM Financial has outperformed the market with a 1-day performance of 5.08% compared to the Sensex’s 0.00% . In the past month, the stock has also outperformed the Sensex with a 12.67% return, while the Sensex has only seen a 1.95% increase.
Some key factors that have contributed to JM Financial’s strong performance include its diversified business model, effective risk management strategies, and the growing demand for financial services in the market.
While JM Financial’s share price has been on a bullish trend in recent days, it’s important to note that the stock market can be unpredictable. Investors should be aware of potential bearish trends that could impact the company’s share price in the future.
However, based on the current market conditions and the company’s strong fundamentals, the bullish trend is expected to continue in the near term. Investors should closely monitor the stock’s performance and make informed decisions based on their risk appetite and investment goals.
As of today’s update, JM Financial’s share price has gained 5.08%, closing at Rs 109.35 . The stock touched an intraday high of Rs 114.25, a 5.49% increase from its previous close .
Some important levels to watch out for include the 52-week high of Rs 114.95 and the current trading range of Rs 107.40 to Rs 112.50 . Investors should keep an eye on these levels as they could serve as potential support or resistance points for the stock.
Note: This article is written for educational purposes, Local Haryana does not provide buying and selling of any kind of stock
