Jio Finance Share Price | Jio Financial stock will become a rocket, beneficial signs, note the next target price – NSE: JIOFIN
Jio Finance Share Price | (PRODUCT: GIOFIN) Shares of Jio Financial Services Ltd were trading 6.75% higher at Rs 319.60 on Thursday after it announced issuance of 45 additional shares in Jio Financial Shares. As a result, Jio Financial stock is back in focus. Experts have again indicated bullishness in the stock. (Jio Financial Services Company excerpt)
NSE F&O segment includes only those stocks which have high liquidity. Also NSE looks for stocks which maintain minimum range on average daily turnover and these share prices do not change much. Such shares create a more stable environment for derivative trading.
Jio Financial Services
Talking to ET Nine news channel, the stock market expert has given important advice on the stock of Jio Financial Services Limited Company. Jio Financial stock currently seems to be in a correction mode and may bounce back from the current levels according to experts. Experts have given hold rating on Jio Financial share. Experts have given a target price of Rs 350 for Jio Financial shares. He has also advised to set a stoploss of Rs 305. Jio Financial shares are also advised to buy again once it crosses Rs 330 level.
Company's second quarter results
Jio Financial Services Ltd reported 3 per cent rise in net profit at Rs 689 crore in the second quarter. Jio Financial Services Ltd's operating income for the second quarter was Rs 693.50 crore, up 14 per cent from Rs 608.04 crore in the same quarter last fiscal.
How much return did the stock give?
The stock was trading 6.75 per cent higher at Rs 319.60 on Thursday, October 14. The stock has given 42.58% returns in the last year. The stock has also given 36.26% return on YTD basis.
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