JIOFIN - Technical Analysis with Chart Patterns & Indicators
Back to ListTechnical Rating: 3.5
| Stock Code | JIOFIN | Market Cap | 1,60,403 Cr. | Current Price | 243 ₹ | High / Low | 339 ₹ |
| Stock P/E | 236 | Book Value | 46.1 ₹ | Dividend Yield | 0.21 % | ROCE | 2.85 % |
| ROE | 2.51 % | Face Value | 10.0 ₹ | DMA 50 | 243 ₹ | DMA 200 | 268 ₹ |
| Chg in FII Hold | 0.06 % | Chg in DII Hold | -2.02 % | PAT Qtr | 80.0 Cr. | PAT Prev Qtr | 73.1 Cr. |
| RSI | 53.2 | MACD | -1.03 | Volume | 1,01,56,564 | Avg Vol 1Wk | 1,17,68,421 |
| Low price | 223 ₹ | High price | 339 ₹ | PEG Ratio | 1.31 | Debt to equity | 0.00 |
| 52w Index | 17.0 % | Qtr Profit Var | -17.6 % | EPS | 1.07 ₹ | Industry PE | 28.5 |
📊 Chart & Trend Analysis:
JIOFIN is trading exactly at its 50 DMA (₹243) but below the 200 DMA (₹268), reflecting short-term stability with medium-term weakness. RSI at 53.2 indicates neutral momentum. MACD at -1.03 shows mild bearish crossover. Bollinger Bands place price near the mid-band, with support around ₹240–₹243.
📈 Momentum Signals:
- Short-term momentum is weak, with volume (1.01 Cr) below weekly average (1.17 Cr).
- Support zone: ₹238 – ₹243.
- Resistance zone: ₹255 – ₹268.
- Break above ₹268 could trigger recovery toward ₹280+, while failure to hold ₹238 may lead to consolidation.
🔎 Trend Status:
Currently consolidating with bearish undertones. A reversal requires stronger buying momentum and breakout above 200 DMA.
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Positive
✔ Debt-free balance sheet (0.00 debt-to-equity).
✔ Sequential PAT growth (₹73.1 Cr → ₹80 Cr).
✔ FII holdings increased slightly (+0.06%).
✔ PEG ratio at 1.31 indicates fair valuation relative to growth.
Limitation
⚠ Price trading below 200 DMA.
⚠ Extremely high P/E ratio (236) vs industry PE (28.5).
⚠ Weak ROE (2.51%) and ROCE (2.85%).
⚠ EPS at ₹1.07 reflects poor profitability.
⚠ Volume participation below average.
Company Negative News
📉 Quarterly profit variation (-17.6%) highlights earnings volatility.
📉 Decline in domestic institutional holdings (-2.02%).
📉 Valuation concerns due to extreme P/E.
Company Positive News
📢 Sequential PAT growth supports earnings momentum.
📢 Technical support from 50 DMA.
📢 Debt-free structure provides financial stability.
Industry
🌐 Industry PE at 28.5 vs JIOFIN’s 236 — extreme premium valuation.
🌐 Financial services sector supported by credit demand but facing margin pressures.
Conclusion
JIOFIN is consolidating with weak momentum signals. Entry near ₹238–₹243 offers limited downside risk, with exit targets around ₹255–₹268. Fundamentals remain weak with stretched valuations and low returns, so traders should exercise caution and use strict stop-loss discipline.
Would you like me to refine this into a swing trade roadmap with medium-term layered targets, or expand into a peer benchmarking overlay comparing JIOFIN against Bajaj Finance and JM Financial?