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Jio Financial Services, a leading finance and non-banking financial company (NBFC) in the largecap industry, has seen a decline in its stock price by -3.1% on October 22, 2024. According to MarketsMOJO, a financial analysis platform, the stock has been given a ‘Hold’ call.
The stock’s performance today has underperformed the sector by -1.25%. It has also been on a consecutive fall for the last two days, with a decline of -4.16% during this period. The stock touched an intraday low of Rs 316.8 (-3.13%). Additionally, Jio Financial is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
In comparison to the overall market performance, Jio Financial Services Ltd has seen a -3.07% decline in the past day, while the Sensex has only seen a -0.71% decline. Over the past month, the stock has seen a -10.53% decline, while the Sensex has seen a -4.70% decline.
Despite the recent decline in stock price, Jio Financial Services remains a strong player in the finance and NBFC industry. As a largecap company, it has a solid foundation and is well-positioned to weather any market fluctuations. Investors are advised to hold onto their shares and monitor the company’s performance in the coming days. This news article is for informational purposes only and does not offer any recommendations or predictions.