Jio Financial Services Ltd Sees Rs 32,110.09 Lakhs in Trading Value Today

Jio Financial Services Ltd, a prominent player in the Non-Banking Financial Company (NBFC) sector, has shown significant trading activity today. The stock, trading under the symbol JIOFIN, recorded a total traded volume of 10,298,959 shares, with a total traded value of approximately Rs 32,110.09 lakhs. The stock opened at Rs 306.35 and reached an intraday high of Rs 315.00, reflecting a 2.86% increase from its previous close of Rs 306.25.
Notably, Jio Financial Services has outperformed its sector by 1.75%, marking a 2.06% return for the day, compared to the sector's return of 0.31% and the Sensex's return of 0.41%. The stock has been on a positive trajectory, gaining for four consecutive days and accumulating a total return of 6.67% during this period.

While the stock's performance is above its 5-day, 20-day, 100-day, and 200-day moving averages, it remains below the 50-day moving average. However, there has been a decline in investor participation, with delivery volume dropping by 4.4% against the 5-day average. Despite this, the stock maintains sufficient liquidity for trading, with a trade size of Rs 6.01 crore based on 2% of the 5-day average traded value. Overall, Jio Financial Services continues to demonstrate robust activity in the market.