Stratzy's Market Watch: Buy Jio Fin Services with Target Rs 420
Stratzy has buy call on Jio Fin Services with a target price of Rs 420. The current market price of Jio Fin Services is Rs 335.95
About Jio Fin Services:
Jio Financial Services Limited (JioFin) is a financial services company listed on the National Stock Exchange (NSE) of India. It is a subsidiary of Reliance Industries Limited, one of India's largest conglomerates. JioFin offers a wide range of financial products and services, including loans, insurance, and investments. The company has a strong presence in the digital payments space and offers a variety of online and mobile banking services. JioFin is headquartered in Mumbai, India.
52 Week Price Trend:
JIOFIN's current market price (CMP) of Rs 335.95 falls within the range defined by its 52-week high of Rs 348 and its 52-week low of Rs 202.8. This indicates that the stock has been trading closer to the upper end of its recent price range, suggesting a potential upward trend. However, it is important to note that past performance is not necessarily indicative of future results, and investors should conduct thorough research and analysis before making any investment decisions.
Stratzy's Analysis:
Stratzy's MOST framework has classified JIOFIN as BB- due to its Management, Outlook, Safety, and Trend analysis. This rating indicates that JIOFIN has medium fundamental risks. While the company's strengths may have outweighed its weaknesses in specific areas, potential risks should be considered before investing.
Fundamental and Technical information provided in this blog were last updated on 08 Mar, 2024
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