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Jio Financial Services falls to 52-week low amid market sell-off
The stock slid more than 25% year to date, with technical analysts pointing to the ₹205 to ₹200 band as a key long-term support zone after a breakdown below ₹230.
Jio Financial Services shares fell more than 2% on Tuesday, 29 September, hitting a fresh 52-week low as investors sold off broadly across equities.
The stock has dropped more than 25% year to date, and technical analysis highlighted a breakdown below key levels that has shifted momentum toward sellers.
Angel One technical analyst Hitesh Rathi said the ₹205 to ₹200 band is a strong long-term support zone, and he expects the shares could retest that range.
SBI Securities vice president Sudeep Shah pointed to deterioration in the weekly chart after the earlier support around ₹230 failed, suggesting further downside before stabilization.