Jio Financial Services: Share Price Movement on Last Session

Business View
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Jio Finance Services: Share Price Movement on Last Session

On Friday, the shares of Jio Finance Services opened at the price of Rs 341 and shut down at Rs 338.45. During the day, Jio Finance’s share reached a high of Rs 348.75 and a low of Rs 336.65. The market capitalization of Jio Finance is Rs 218,997.71 crore. ₹374.5 was the 52-week high, and ₹204.65 was the 52-week low. There were 5,416,930 shares traded on the BSE in the day’s activity.

Speaking about the session on Monday, 18th March, Nifty 50 started with a minor gap-down at 21,990 compared to the close down of last week which was shut at 22,023. The index dropped down to 21,934 soon after the opening but it recovered soon and at present it is at 21,980, a fall of 0.2 per cent. On the other hand, the BSE Sensex closed at 453 points at the 72,643 mark whereas the Bank Nifty index faced a loss of 195 points and shut down at the 46,594 level. However, the mid-cap stocks and small-cap stocks witnessed a strong rebound as the stock market registered a sharp healing ahead of the market close last week.

Siddhartha Khemka, Head- of Retail Research at Motilal Oswal said “The Nifty 50 index traded in negative territory throughout the session after watching the recovery in the last session. The index closed with a loss of 123 points (0-6%) at 22023 levels. The broader market concluded on a mixed note with Nifty Midcap 100 down -0.5% while Nifty Smallcap 100 up +0.4%. Barring FMCG & Metals All sectors ended in red. Oil & Gas witnessed major selling down 2% after OMCs cut petrol and diesel retail prices by Rs2 per litre.”

The Share Price Of Jio Financial Services on Monday, 18 March 2024

The share price of Jio Financial Services stood at Rs 355.8 on Monday, an increase of 3.22% comparatively on Friday. This converted into a net change of 11.1 points. As of now, the stock price of Jio is depicting positive momentum with a noteworthy gain in value. 

Which Stocks Are Good To Buy?

  1. Stock market experts recommended five stocks to buy on Monday:
  2. Solar Industries: Purchase at Rs 8855.5, target Rs 9572, stop trading at Rs 8555
  3. GPPL: Purchase at Rs 205.85, target Rs 213, stop trading at Rs 201
  4. Raymond: Purchase at Rs 1740, target Rs 1820, stop trading at Rs 1700
  5. HDFC AMC: Purchase at Rs 3819 to Rs 3820, target Rs 3919, stop trading at Rs 3769
  6. Bharti Airtel: Purchase at Rs 1218 to Rs 1220, target Rs 1275, stop trading at Rs 1190
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