Jio Financial Services Ltd shares hit all-time high, up 36% in a month; bullish outlook.

From Business Today:

Shares of Jio Financial Services Ltd surged 5.27% to an all-time high of Rs 374.50, gaining 35.79% in a month. Analysts predict support at Rs 350 level as the stock continues to climb. Positive outlook from experts like Ventura Securities and JM Financial could push the stock towards Rs 400.

Technical analysis suggests a bullish trend with support at Rs 360 and resistance at Rs 380. BSE saw high trading volume at 86.83 lakh shares, above the two-week average of 32.77 lakh shares. Turnover hit Rs 320 crore, with a market cap of Rs 2,31,259.54 crore for Jio Financial Services Ltd.

Investors urged to consult financial advisors for investment advice. Trading range projected between Rs 350 and Rs 400 for the coming month. With strong consolidation and potential upside, the stock looks promising for further gains. Experts expect support levels at Rs 320 to Rs 345 to sustain the upward trend.



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