Certainly! Let’s delve into the technical and financial aspects of Jio Financial Services Ltd. (JIOFIN).
Jio Financial Services Overview:
- Stock Price (NSE: JIOFIN): ₹328.25 INR (up 3.26% today) 1.
- Market Capitalization: ₹2.02 trillion INR.
- Sector: Finance.
- Industry: Financial Conglomerates.
- CEO: Hitesh Kumar Sethia.
- Website: jfs.in.
- Headquarters: Mumbai, India.
- Founded: July 22, 1999.
- ISIN: INE758E01017.
Financial Performance (2022):
- Revenue: ₹200.70 billion INR.
- Net Income: ₹312.50 million INR.
- Debt Level: ₹27.00 billion INR 1.
Technical Analysis:
- Short-Term Trend: Upward (3.26% today).
- Long-Term Potential: Good for long-term investment.
- Recommendation: Consider a long position with a stop loss below ₹255.
- Targets: ₹310, ₹360, ₹400, and beyond 1.
Notable Points:
- JIOFIN is a subsidiary of Reliance Industries Limited (RIL).
- It operates as a non-banking financial company, offering finance, trading, and investment services.
- JIOFIN has been expanding its footprint in the financial services sector.
- Accumulating on dips may yield multifold upside potential 1 .
Remember to consult your financial advisor before making any investment decisions. 📈👍
