Jio Financial Services Ltd. is experiencing notable movements in its share price, which currently stands at ₹352.90. This reflects a decline of 1.75% from the previous trading day. Investors are closely monitoring the stock as it navigates through critical support and resistance levels.
Main Points
- Current Price: ₹352.90
- Previous Close: ₹359.15
- Daily Change: -1.75%
- Market Capitalization: Approximately ₹224,842 Crores
- 52-Week Range: ₹204.25 – ₹394.70
The recent performance indicates a slight downward trend after a peak earlier in the month, where the stock had reached as high as ₹363.00 on September 27, 2024. Over the past month, Jio Financial Services has shown a modest gain of about 5.91%, although it has faced some volatility in the short term.
Investors should consider several critical metrics when evaluating Jio Financial Services:
| Metric | Value |
|---|---|
| P/E Ratio | 141.83 |
| EPS (TTM) | ₹2.50 |
| PB Ratio | 1.58 |
| Dividend Yield | 0.00% |
| VWAP | ₹352.99 |
The company’s earnings per share (EPS) stands at ₹2.50, with a high price-to-earnings (P/E) ratio of 141.83, which may suggest that the stock is currently overvalued compared to its earnings potential.
Revenue Growth
Jio Financial Services has reported an impressive annual revenue growth of 1322.97%, significantly outperforming its three-year compound annual growth rate (CAGR) of 26.79%. This robust growth is attributed to strategic expansions and increased market penetration in financial services.
Trading Signals
Technical analysis indicates that a five-day moving average crossover occurred on September 20, 2024, which historically has led to an average price gain of 4.27% within seven days following such signals over the past five years. However, investors should remain cautious as the stock has also shown bearish signals recently.
Market analysts have mixed opinions regarding Jio Financial Services’ future performance:
- Some analysts recommend buying at current levels around ₹340, targeting potential upside towards ₹370 and ₹400 based on technical indicators.
- Others caution about the stock’s consolidation phase over the last two months and advise investors to watch for clearer signals before making significant moves.
For investors considering entry or exit points in Jio Financial Services, here are crucial support and resistance levels:
- Support Levels:
- First Support: ₹349
- Second Support: ₹340
- Resistance Levels:
- First Resistance: ₹359.55
- Second Resistance: ₹364.85
- Third Resistance: ₹368.50
These levels are vital for traders looking to capitalize on short-term movements or to set stop-loss orders effectively.
Jio Financial Services Ltd.’s recent trading activity reflects a mix of optimism due to its remarkable revenue growth and caution due to recent price declines and technical signals. Investors should keep an eye on market trends and analyst recommendations while considering their investment strategies
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
