Jio Financial Services Share Price: Stock Hits 52-Week Low After 25% YTD Fall, What Next?
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Jio Financial Services shares fell 2.86% to ₹220.50 on September 28 after hitting a fresh 52-week low of ₹218.80. The stock is down over 25% in 2026, even as the company reported strong profit and income growth in Q1 FY27.
Jio Financial Services shares fell 2.86% to close at ₹220.50 on Monday, September 28, after touching a fresh 52-week low of ₹218.80. The stock is down more than 25% so far in 2026 and has fallen nearly 9% in September, extending its recent slide.
The stock has now moved well below its 52-week high of ₹316.85. Jio Financial shares opened at ₹227 on Monday and remained under pressure through the session, with 1.79 crore shares changing hands on the NSE.
The latest fall comes as Indian equities face pressure from higher crude oil prices and rising global bond yields. The weakness in Jio Financial has also continued despite strong growth in the company's latest quarterly earnings.
How Is The Stock Performing?
Jio Financial Services shares have remained under pressure through September. The stock closed at ₹241.35 on August 31 and has since fallen to ₹220.50, a decline of around 8.6% during the month.
The stock has also slipped below the ₹230 level that had acted as an important support area earlier. On Monday, it traded between ₹218.80 and ₹227 before closing near the day's lower end.
Technical analysts cited by Mint are now watching the ₹215-₹213 zone as the next support area. A break below this range could bring ₹207-₹205 into focus, while ₹224-₹226 is being watched as an immediate resistance zone.
Jio Financial Services Q1 Results: What Did The Company Report?
The fall in Jio Financial's share price comes despite a strong June-quarter performance. The company reported a 156% year-on-year increase in consolidated profit after tax to ₹830 crore in Q1 FY27.
Consolidated total income, excluding dividend income, rose 141% year-on-year to ₹1,496 crore. Pre-provisioning operating profit, excluding dividend income, increased 38% to ₹505 crore, while profit before tax excluding dividend income rose 18% to ₹461 crore.
Jio Financial's consolidated shareholders' equity stood at ₹1.37 lakh crore as of June 30, 2026. The company also received ₹5,934 crore as the second tranche of capital from its promoter group during the quarter, taking total capital infusion to ₹9,890 crore.
The stock's next move will therefore be closely watched around the ₹213-₹215 support zone, while a recovery above ₹224-₹226 could bring the recent breakdown into focus again.
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This article is for informational purposes only and should not be considered investment advice from Kotak Neo. For compliance T&C and disclaimers, Visit www.kotakneo.com/disclaimer
Rochelle Britto has spent 8+ years decoding India's markets, businesses, and consumer economy, reporting for ET Prime and Times Internet along the way, covering the stories behind the numbers.
A Mumbai native and perpetual planner of the next holiday, she stays far, far away from the eternal question, “Where are we going next?” When she's not chasing headlines, she's chasing new cultures, open roads, and a bit of quiet in nature.
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