Stock Radar: Short covering rally on cards for Jio Financial Services after 36% drop; should you buy?
- Posted on February 11, 2025
- By Business News Today
- 3 Views
Stock Radar: Short covering rally on cards for Jio Financial Services after 36% drop; should you buy?
Jio Financial Services hit Rs 394 on April 23, 2024, but lost momentum and closed at Rs 249 on February 7, 2025, marking a 36% drop. It found support above Rs 230 in January and rebounded 1% in a week but remains down 15% in a month. If Rs 230 holds, a short-term recovery toward Rs 300 is possible.
