Jio Financial Services Share Price Surges Over 13%: Breakout Analysis & Target Insights

 

Jio Financial Services Share Price: Indian stock market indexes are trading higher on Monday, Nifty is trading higher by 68 points or 0.31% and at 21923 levels, while Sensex is trading up by 134 points or 19% and at 72224 levels.

The Bank Nifty is trading volatile and trading lower by 51 points or 0.12% at 45912 levels. Nifty Financial Services is also trading lower by 46 points or 0.23% at 20387 levels. Among the sectors Bank and Financial Services are dragging down the key indices today.

The Jio Financial Services share price has jumped above 13% and is trading at Rs 288. The Jio Financial Shares opened at Rs 256.35 today and reached an all-time high of Rs 289.40, while the share hit the day’s low at Rs 255.70.

In the previous trading session, Jio Financial Services’ closing price was Rs 253.80. Over the past three months, the company has delivered a return of 16.77%.

The technical team of Prabhudas Lilladher has given a buy call after the Jio Financial Services Share price gave a breakout on 5th Feb 2024. According to the country’s top research-based broking house, Jio Financial Services has given a breakout ABV 270 and is ready to move for 300-320 with an SL 260.

 

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Editor’s Desk

 

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