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Jio Financial stock falls to over 11-month low; down 27% from Dec high

Business Standard LogoBusiness Standard8h ago

Jio Financial stock falls to over 11-month low; down 27% from Dec high - Business Standard

Quick Summary:

While the company's long-term prospects are promising, the volatility in earnings and the uncertain near-term outlook warrant a more cautious approach, according to analysts.

Shares of Jio Financial Services hit an over 11-month low at Rs 253.70 on the BSE in Thursday’s intraday trade amid heavy volumes.

Consequently, we maintain a “HOLD” rating on the stock, awaiting better visibility into its financial performance as operations mature,” the brokerage firm said in result update.


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Article Details

Category: BusinessFinance

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-23 @ 13:45:32 (8 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 593 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 25359926

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Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 273 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

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Publication Timezone: GMT +5:00

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Publisher ID: #49

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