Jio Financial shares drop 5.73% with analysts predicting bearish trend; heavy trading volume.

From Business Today: 2024-04-15 05:20:05

Shares of Jio Financial Services Ltd dropped 5.73% to Rs 351, down from its recent high of Rs 378.70 on April 8. Analysts see a bearish trend, expecting support at Rs 340-335. Ravi Singh of Religare Broking suggests a buy around Rs 335, while Osho Krishan of Angel One warns of profit booking. AR Ramachandran predicts a drop to Rs 318 with resistance at Rs 379. Heavy trading volume of 63.38 lakh shares today surpasses the two-week average of 26.13 lakh. Promoters own 47.12% of the company, with quarterly earnings to be declared on April 19, 2024. Business Today advises consulting a financial advisor before making investment decisions.



Read more at Business Today: Jio Financial shares slip 6%; technical analysts see ‘bearish’ trend in near term