The shares of Jio Financial Services Ltd (JFSL), a company owned by Reliance Industries, fell below Rs 200 for the first time since July 2023, when they were split off. In one trade day, on Monday, the stock fell over 4% and hit an all-time low of Rs 198.65.
Jio Financial Share Price Hits All Time Low
The National Stock Exchange (NSE) started Jio Financial Services’ stock at Rs 210, which was a little more than its previous close of Rs 207.61. It quickly lost steam, though, and fell to Rs 198.65. At noon, the stock was near this low price of Rs 201 per share. At that point, more than 3 crore shares had been traded.
Jio Financial Hits Record Low as Stock Declines Sharply
Jio Financial Services’ share price hit an all-time low of ₹198.6, falling 4.3% in intraday trading. The stock has dropped 36.18% in the last three months, and 32.64% in the past year. Despite this, the company has… pic.twitter.com/VhhlBneE31
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So far in 2025, the stock has gone down 33.97%. It hit a high point of Rs 458.25 last year and is now at a new low point of Rs 198.60. The value of the company on the stock market is about Rs 1,27,733 crore.
Why Is Jio Financial Falling?
- Feelings in the Market and Weak Technicals: Stock analysts say it is in a “bearish but oversold” situation. The range of support for the price is between Rs 190 and Rs 184, and the range of resistance is between Rs 210 and Rs 225.
- Earnings Performance: JFSL’s net profit rose by 0.32% in Q3 FY25, to Rs 294.78 crore, compared to Rs 293.82 crore in the same quarter last year. The income went up by 5.98% to Rs 438.35 crore.
- Caution for Investors: Analysts say that some investors bought the stock when it was cheaper, but others are still being careful because the stock hasn’t done well and has technical weaknesses.
What Should Investors Do?
- People who want to invest for the long term: Market experts say Jio Financial is a good stock for the long run. They say to buy at the current price and keep the money in the account for future growth.
- Short-Term Traders: Analysts say that traders should wait for a rise above Rs 210 before they think about getting in. For the stock to go up towards Rs 237, it needs to stay above Rs 206.
- The stock is trading below important moving averages at the moment (5-day, 10-day, 50-day, and 200-day). The 14-day Relative Strength Index (RSI) is at 25.02, which means the stock is oversold.
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Jio Financial’s Future Prospects
Experts think that JFSL will do well in the long term because it focusses on financial services, stock trading, and asset management. Before making a choice, investors should keep an eye on the market conditions and key levels.
Disclaimer: Moneyscope.in provides stock market news for informational purposes only and should not be considered investment advice. Investors should consult a financial advisor before making any investment decisions.
