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JIO FINANCIAL SERVICES LIMITED

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JIOFIN trade ideas

JIOFIN IPO STOCK Jio Financial Services, the Indian conglomerate Reliance Industries-backed financial services firm, has started its lending and insurance businesses. Jio Financial Services, which made its public debut in August, as per annual presentation it has started to offer personal loans to salaried and self-employed individuals through its MyJio app and 300 stores across India. Its insurance arm has also partnered with 24 insurers to offer a wide range of coverage across auto, health, and corporate categories. As Jio Financial scales its business, it may pose a challenge to a number of players in the industry, including Paytm and Policybazaar. Reliance said it will make use of AI and analytics for its financial services business and operate on a “low cost of servicing.” Jio Financial Services said it’s taking a direct-to-customer approach with its offerings to drive cost-efficiencies and enabling personalized customer interactions. The firm is incorporating “alternate data models for 360-degree customer view and tailored offerings,” and is developing a unified app for the “diverse financial needs of customers.” On lending, Jio Financial Services plans to extend loans to businesses and merchants as well as offer loans to facilitate vehicle and home purchases, it said. It also plans to give loans by using shares as collateral. The firm said it has also “relaunched” savings account services and bill payments and plans to launch debit cards. As Jio Financial scales its business, it may pose a challenge to a number of players in the industry, including Paytm and Policybazaar. Reliance said it will make use of AI and analytics for its financial services business and operate on a “low cost of servicing.” Stock recovered after making a low of 202.80 on 25th August, presently 10% above all time low and 15% below all time high. Presently stock price above 20/50/100 EMA. Daily volume is 0.4 times of weekly volume. Above 235, stock can race upto 260, 340 Stop loss 222 which may be revised to box low.
NSE:JIOFINLong
by REKHA_CHOUDHARY
Jio Financial -Update Marked are the two horizontal lines in green and red. High of candle 29th September 2023 is major resistance reflected by greeen horizontal line. Remember: do not haste. Tomorrow's only candle being the game changer for entire Indian Market is 3:25 p.m. Mark high and low of this candle and buy or sell. Disclaimer: I am not a SEBI Registered analyst. Please consult your financial advisor before making any decision. I will not be responsible for any of your profits or losses.
NSE:JIOFIN
by rekhi567
2
JIOFIN : Selling it off at the momentI acquired the stock as part of the demerger of RIL. However, due to the lack of publicly available details about the business model or the growth prospects of the company, as well as the inability to conduct technical analysis based on the current chart, I don't feel it is safe to maintain this position for an extended period. Additionally, I believe that, for the same reasons I mentioned above, institutional participation in the stock will likely remain limited until at least two quarters of results are available. This makes it difficult to predict how retail investors will act, particularly given that many institutions who received shares as part of the demerger may be planning to sell, similar to what I did. I also have suspicions of potential institutional manipulation in the stock, which could be contributing to the recent irrational upward movement in the stock over the past few days. This could be a strategy employed by institutions to exit their holdings. Therefore, at this time, I'm taking a step back and will contemplate re-entering the stock once more comprehensive technical and fundamental clarity becomes available after a minimum of two quarters. I have attached the chart, I shared in my personal group about RIL while closing that position, to this message. Kindly review it at your convenience.
BSE:JIOFIN
by Sniper-Traders
JioFin is Ready to BoomIn 2023, the Share Price of JFS can range from 165 – 331. According to our analysts, it is a much hyped stock and is expected to reach its Bull Prices very soon. The prime factor driving investors to assign a premium valuation to JFS is because of the unparalleled track record of Reliance. The transformative impact that Reliance had on the telecommunications industry in India is well-known. This history has cultivated investor anticipation for a similar game-changing disruption in the financial sector, spearheaded by Reliance. However, a crucial aspect demands investor consideration. The financial landscape, especially within the non-banking financial company (NBFC) sphere, is subject to rigorous regulatory oversight. JFS (Jio Financial Services) has been categorized as an upper-layer NBFC, which poses challenges in mirroring banking operations while not being a full-fledged bank. JFS Share Prices can go up to 450 in 2024. JFS plans to increase its revenue and Net Profits through introduction of new products. Jio Financial Services has an ambitious vision to introduce a range of novel financial products and services, including personal loans, home loans, and education loans. 1st Target : 450 2nd Target : 900. Have a Good Day Traders.
NSE:JIOFINLong
by Trading_Bulls0000