Intraday Price Movement and Market Context
On the trading day, Jio Financial Services Ltd's shares declined sharply, hitting an intraday low of Rs 238.7, down 6.19% from the previous close. This drop was notably steeper than the overall Finance/NBFC sector, which fell by 2.11%, and the Sensex, which declined by 0.95% to 81,486.71 points after a volatile session. The stock's day change registered at -3.24%, underperforming the sector by 1.35% and the Sensex by 2.3 percentage points.
The broader market opened positively, with the Sensex initially rising 119.19 points, but reversed sharply to close lower by 902.26 points. This reversal contributed to a risk-off environment, impacting stocks across sectors, including NBFCs.
Technical Indicators and Moving Averages
Jio Financial Services Ltd is currently trading below all key moving averages — 5-day, 20-day, 50-day, 100-day, and 200-day — signalling a sustained downward trend. This technical positioning suggests that short-term and long-term momentum remain weak, adding to the selling pressure observed during the session.
The Sensex itself is trading below its 50-day moving average, although the 50DMA remains above the 200DMA, indicating some underlying medium-term support for the broader market despite current volatility.
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Performance Relative to Benchmarks
Jio Financial Services Ltd's recent performance has been notably weaker than the Sensex and its sector peers. Over the past day, the stock declined by 3.14%, compared to the Sensex's 0.94% fall. The one-week performance shows a 2.57% drop versus a marginal 0.05% decline in the Sensex. The divergence widens over longer periods, with the stock down 15.76% over one month and 20.44% over three months, while the Sensex fell by 3.75% and 3.45% respectively during the same periods.
Year-to-date, Jio Financial Services Ltd has declined 16.44%, significantly underperforming the Sensex's 4.37% fall. Over the one-year horizon, the stock has gained 5.01%, slightly lagging the Sensex's 6.17% rise. Notably, the stock has not recorded appreciable gains over three, five, and ten-year periods, contrasting with the Sensex's robust long-term returns of 36.97%, 76.07%, and 227.68% respectively.
Mojo Score and Rating Update
The company’s Mojo Score currently stands at 37.0, reflecting a Sell grade as of 9 Jan 2026, a downgrade from the previous Hold rating. This downgrade signals a deterioration in the stock’s quality and outlook based on MarketsMOJO’s comprehensive evaluation framework. The Market Cap Grade is rated at 1, indicating a relatively lower market capitalisation standing within its peer group.
This rating change aligns with the recent price weakness and technical underperformance, reinforcing the cautious stance reflected in the stock’s intraday decline.
Sector and Market Pressures
The Finance/NBFC sector has faced headwinds amid broader market volatility, with a sectoral decline of 2.11% on the day. Jio Financial Services Ltd’s sharper fall relative to its sector peers suggests company-specific pressures in addition to the general market environment. The sector’s performance is influenced by macroeconomic factors, interest rate expectations, and liquidity conditions, which have contributed to subdued investor sentiment.
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Summary of Intraday Weakness Drivers
The intraday low of Rs 238.7 for Jio Financial Services Ltd reflects a combination of factors including broad market weakness, sectoral pressure, and technical vulnerabilities. The stock’s position below all major moving averages indicates persistent downward momentum. The downgrade in Mojo Grade to Sell further underscores the challenges faced by the stock in maintaining investor confidence.
Market sentiment on 1 Feb 2026 was cautious, with the Sensex reversing sharply after a positive start, which contributed to risk aversion among investors. The Finance/NBFC sector’s decline added to the pressure on Jio Financial Services Ltd, which underperformed both the sector and the benchmark index.
Overall, the day’s trading session highlighted the immediate price pressure on the stock, with the intraday low marking a significant point of weakness amid a challenging market backdrop.
Longer-Term Context
While the stock has shown some resilience over the one-year period with a 5.01% gain, its performance over multiple years remains flat, contrasting with the Sensex’s strong long-term growth. This disparity emphasises the stock’s relative underperformance within the broader market context and the NBFC sector.
Investors monitoring Jio Financial Services Ltd should note the current technical and rating signals, which reflect a cautious stance amid ongoing market volatility and sectoral headwinds.
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