Intraday Trading Highlights
Jio Financial Services Ltd opened the day with a significant gap up of 8%, signalling strong buying interest from the outset. The stock maintained its upward trajectory throughout the session, touching a peak of Rs 264.2, which represents an 8.17% gain intraday. By the close, the stock settled with a day change of 6.08%, substantially outperforming the Sensex, which gained 2.58% on the day.
The stock’s performance today also outpaced the Non Banking Financial Company (NBFC) sector, which rose by 3.97%. Jio Financial Services Ltd outperformed its sector by 2.63%, underscoring its relative strength within the finance segment.
Over the last two trading days, the stock has posted consecutive gains, accumulating a 7.09% return in this period. This recent positive momentum is notable given the broader market’s volatility.
Technical Positioning and Moving Averages
From a technical standpoint, Jio Financial Services Ltd’s current price is trading above its 5-day moving average, indicating short-term strength. However, it remains below its 20-day, 50-day, 100-day, and 200-day moving averages, suggesting that the stock is still in a consolidation phase over the medium to long term. This positioning reflects a stock that is gaining momentum intraday but has yet to break through longer-term resistance levels.
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Market Context and Sector Activity
The broader market displayed mixed signals on 3 Feb 2026. The Sensex opened sharply higher by 3,656.74 points but lost momentum, retreating by 1,550.59 points to close at 83,772.61, down 2.58% from its peak. Despite this, the Sensex remains close to its 52-week high of 86,159.02, just 2.85% away.
Within this environment, mega-cap stocks led the market, supporting the Sensex’s overall gain of 2.58%. The NBFC sector, where Jio Financial Services Ltd operates, gained 3.97%, reflecting positive investor sentiment towards financial services companies on the day.
Performance Comparison Over Various Timeframes
While today’s intraday surge is significant, a broader performance analysis shows mixed trends for Jio Financial Services Ltd. The stock’s one-day gain of 6.14% notably outperformed the Sensex’s 2.58% rise. However, over the one-week period, the stock’s return of 1.27% lagged behind the Sensex’s 2.34% gain.
Over longer durations, the stock has underperformed the benchmark. The one-month return stands at -14.08% compared to the Sensex’s -2.32%, and the three-month return is -15.44% versus the Sensex’s -0.25%. Year-to-date, the stock has declined by 12.10%, while the Sensex fell by 1.70%.
On a positive note, the stock has delivered a 10.72% return over the past year, slightly ahead of the Sensex’s 8.53% gain. However, over three, five, and ten-year horizons, the stock shows no recorded returns, contrasting with the Sensex’s substantial gains of 37.69%, 66.69%, and 245.83% respectively.
Mojo Score and Rating Update
Jio Financial Services Ltd currently holds a Mojo Score of 37.0, categorised under a Sell grade. This represents a downgrade from its previous Hold rating, effective from 9 Jan 2026. The company’s market capitalisation grade is rated at 1, indicating a relatively modest market cap within its sector.
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Summary of Trading Action
Jio Financial Services Ltd’s strong intraday performance on 3 Feb 2026 was characterised by a decisive gap up opening and sustained buying interest throughout the session. The stock’s ability to outperform both its sector and the broader market amidst a volatile Sensex environment highlights its current trading strength.
Despite the positive short-term momentum, the stock remains below several key moving averages, indicating that further confirmation would be required to establish a sustained upward trend. The recent downgrade in Mojo Grade to Sell reflects caution in the stock’s medium-term outlook.
Overall, the day’s trading activity underscores Jio Financial Services Ltd’s capacity for sharp intraday gains, supported by sectoral strength and relative outperformance against the Sensex benchmark.
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