Jio Financial Services' Stock Sees Positive Growth, Outperforms Sector by 1.27%

Jio Financial Services, a leading finance and non-banking financial company (NBFC) in the largecap industry, has seen a positive growth in its stock price. On October 29, 2024, the company's stock gained 3.01%, outperforming the sector by 1.27%. This marks the second consecutive day of gains for the stock, with a total increase of 4.93% in the past two days.

The stock also reached an intraday high of Rs 326.75, showing a 3.16% increase. However, Jio Financial Services' stock is currently trading higher than its 5-day moving average, but lower than its 20-day, 50-day, 100-day, and 200-day moving averages.

In comparison to the Sensex, Jio Financial Services' stock has outperformed with a 1-day performance of 3.09% versus the Sensex's 0.51%. However, in the past month, the stock has seen a decline of -8.99%, while the Sensex has also seen a decrease of -6.03%.

MarketsMOJO has given a 'Hold' call for Jio Financial Services' stock, indicating a neutral stance. With this recent positive growth in stock price, investors may want to keep an eye on Jio Financial Services as it continues to make strides in the finance and NBFC industry.