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JIO FIN SERVICES LTDJIO FIN SERVICES LTDJIO FIN SERVICES LTD

JIO FIN SERVICES LTD

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JIOFIN trade ideas

JIOFIN : Selling it off at the momentI acquired the stock as part of the demerger of RIL. However, due to the lack of publicly available details about the business model or the growth prospects of the company, as well as the inability to conduct technical analysis based on the current chart, I don't feel it is safe to maintain this position for an extended period. Additionally, I believe that, for the same reasons I mentioned above, institutional participation in the stock will likely remain limited until at least two quarters of results are available. This makes it difficult to predict how retail investors will act, particularly given that many institutions who received shares as part of the demerger may be planning to sell, similar to what I did. I also have suspicions of potential institutional manipulation in the stock, which could be contributing to the recent irrational upward movement in the stock over the past few days. This could be a strategy employed by institutions to exit their holdings. Therefore, at this time, I'm taking a step back and will contemplate re-entering the stock once more comprehensive technical and fundamental clarity becomes available after a minimum of two quarters. I have attached the chart, I shared in my personal group about RIL while closing that position, to this message. Kindly review it at your convenience.
BSE:JIOFIN
by Sniper-Traders
JioFin is Ready to BoomIn 2023, the Share Price of JFS can range from 165 – 331. According to our analysts, it is a much hyped stock and is expected to reach its Bull Prices very soon. The prime factor driving investors to assign a premium valuation to JFS is because of the unparalleled track record of Reliance. The transformative impact that Reliance had on the telecommunications industry in India is well-known. This history has cultivated investor anticipation for a similar game-changing disruption in the financial sector, spearheaded by Reliance. However, a crucial aspect demands investor consideration. The financial landscape, especially within the non-banking financial company (NBFC) sphere, is subject to rigorous regulatory oversight. JFS (Jio Financial Services) has been categorized as an upper-layer NBFC, which poses challenges in mirroring banking operations while not being a full-fledged bank. JFS Share Prices can go up to 450 in 2024. JFS plans to increase its revenue and Net Profits through introduction of new products. Jio Financial Services has an ambitious vision to introduce a range of novel financial products and services, including personal loans, home loans, and education loans. 1st Target : 450 2nd Target : 900. Have a Good Day Traders.
NSE:JIOFINLong
by Trading_Bulls0000