June 10, 2025: Jio Financial Services, a prominent Largecap NBFC listed on the BSE, is trading at ₹304.85, reflecting marginal intraday movement between a low of ₹303.75 and a high of ₹306.70. The stock has been on a recovery trajectory recently, though it continues to face resistance near the ₹305 mark.
Also Read: Indian Stock Market Outlook: 7 Key Overnight Developments Shaping Sensex, Nifty on June 10
Short-Term Performance:
The stock has posted a 0.25% gain today, extending its monthly return to 19.13% and a notable 37.49% gain over the last three months. Over the past week, it has climbed 6.7%, indicating renewed buying interest in the short term.
Long-Term View:
Despite recent gains, the stock remains down 9.2% over the last six months and has posted a year-on-year decline of 13.39%. Its 3-year and 5-year returns, both at 21.49%, show flat longer-term movement.
Technical Overview:
- Pivot level: ₹305.27
- Support levels: S1 at ₹303.83, S2 at ₹302.32, S3 at ₹300.88
- Resistance levels: R1 at ₹306.78, R2 at ₹308.22, R3 at ₹309.73
Moving Averages Insight:
- The 5-day SMA at ₹289.22 and EMA at ₹295.03 suggest upward short-term momentum.
- The 50-day SMA (₹256.91) and EMA (₹266.73) signal a strong medium-term uptrend.
- However, the 200-day SMA (₹287.97) and EMA (₹275.31) indicate the stock has only recently recovered from long-term underperformance.
Sector Comparison:
Against a key competitor like Bajaj Finance, Jio Financial’s performance remains underwhelming in the long run. Bajaj Finance boasts a 40.13% return over six months and 33.88% over the past year, with exceptional 5-year growth at 283.9%, far outpacing Jio Financial’s 21.49% over the same duration.
Outlook:
While Jio Financial Services shows signs of short-term strength and upward price momentum, its lagging long-term performance and resistance near ₹305–310 suggest caution. Investors may watch for a breakout above ₹310 for confirmation of continued bullish sentiment, or retracement below ₹300 for signs of consolidation.