Mukesh Ambani's Jio Financial Share Hits Life High: Buy, Sell Or Hold - Check Analyst's Recommendation

mukesh ambani’s jio financial share hits life high: buy, sell or hold – check analyst’s recommendation

On Monday, Jio Financial Services touched an unprecedented high of Rs 348 on the NSE. According to the BSE analytics report a remarkable performance, with a robust 21.61 per cent return in the past week, a 38.85 per cent in the last month, and a substantial 56.94 per cent in the preceding 6 months.

Jio Financial Services, positioned as the ‘Dark Horse’ in the industry, has emerged as a frontrunner, delivering swift and substantial returns. Leveraging the market presence and credibility of its parent brand, the Ambani-led Reliance Group, the company has garnered attention and trust.

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The recent regulatory actions by the Indian government against financial and fintech entities, including Paytm, have created a favorable environment for companies like JioFin. Having started trading at 265, the company has witnessed a robust nine-month journey, currently trading above the 300 plus level, boasting nearly 35% returns. This positive trajectory is notably advantageous for the broader Nifty financial index.

While the current valuation of the company appears on the higher side, market analyst VLA Ambala suggests substantial growth potential. Ambala advises existing investors to set a stop loss at Rs. 300 and target a range of Rs. 385-650 over the next two years. Short-term investors are recommended to follow a similar stop loss strategy, targeting the Rs. 385-500 range with a holding period of 20 days to 6 months. For those considering fresh investments, averaging around the Rs. 310-320 range is advised, with a suggestion to stay invested for the bullish phase.

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