Jio Financial shares fell to a low of Rs 300 last week but quickly reclaimed its lost territory by sliding to 320 on Thursday. Its price is now hovering around the 316 mark after gaining strong support at 300. Traders are wary of taking an entry position as the stock slid from the 363 level in the last two months.
Also Read: Nvidia Reports Q3 Earnings This Week: Will NVDA Stock Boom Continue?
However, despite the dip, stock analysts have given Jio Financial shares a ‘buy’ call indicating its upside significance. The latest price prediction indicates that the leading stock could surge to Rs 330 and 350 targets next. That’s an uptick and return on investment (ROI) of approximately 5% to 10%.
Also Read: Dogecoin: Investment of $1,000 Turns $1.5 Million Today
Jio Financial Shares Receive ‘Buy’ Call: Target 330 to 350
Two leading stock market firms have given a ‘buy’ call for Jio Financial shares with different price targets. Both the price predictions are bullish and could generate profits for investors in the short term. According to the forecast, buying the stock at its current dip could prove beneficial to the risk takers.
Also Read: Meta: Can META Stock Carry Its 50% Surge into 2025?
ICIC Direct: Recommends stakeholders to buy Jio Financial shares at the current price with an optimistic target of Rs 350. That’s a surge of more than 10% from its current price of 316. It wrote that the new partnerships with BlackRock and the upcoming mutual fund services could make its price catapult.
Motilal Oswal: Suggests investors take an entry position into Jio Financial shares at its current price. The revised target for the stock remains at Rs 330, which is close to 5% from Monday’s price range. The firm has given a cautious approach indicating that selling at 330 is the best option for short-term gains.
Economic Times: On the flip side, analysts have given a ‘buy’ rating looking at the long-term. The expanding mutual fund business will come with strong fundamentals and reward long-term holders. The dip is the best time to accumulate and hold on to Jio Financial shares as long as possible.
