Jio Financial shares jump over 13% in five sessions; did you miss the rally?

Shares of Jio Financial Services Ltd (JFSL) continued its gaining streak for the fifth straight session on Monday, with the stock price rising over 13% during this period amid a slew of positive developments. Today, the Mukesh Ambani-backed stock surged as much as 2.6% to ₹331.90 on the BSE, in an otherwise weak broader market, with the benchmark indices BSE Sensex and NSE Nifty50 falling over 0.3% each.

At the time of reporting, Jio Financial shares were trading 1.25% higher at ₹327.60, while its market capitalisation stood at ₹2.08 lakh crore. The counter saw strong volume as 16.4 lakh shares changed hands over the counter compared to two-week average volume of 13.29 lakh stocks.

Currently, Jio Financial share price is down nearly 10% from its 52-week high of ₹363 touched on September 27, 2024. The NBFC heavyweight has risen 65% from its 52-week low of ₹198.60 hit on March 3, 2025. The counter has delivered a negative return of 7% in the past one year, while it gained nearly 10% in six months. In the last one month, JFS has rallied over 14%.

Technically, Jio Financial shares continue to trade in an uptrend, marked by a consistent higher high–higher low formation. It recently registered a breakout above a falling trendline placed around ₹310–₹312, which previously acted as resistance, said Drumil Vithlani, Technical Research Analyst at Bonanza.

“Momentum indicators further validate the bullish bias, with the Relative Strength Index (RSI) comfortably placed above the 70 mark, suggesting strong underlying strength and room for further upside,” he said.

Vithlani projected that as long as the stock holds above ₹300, the broader trend remains intact. “A decisive close above ₹330 could attract fresh buying interest, potentially driving the stock toward ₹350 levels in the near term. Traders may look to accumulate on dips toward the ₹310–₹312 support zone, keeping a stop loss just below ₹300.”

What fuelled rally in Jio Financial shares?

The recent rally in Jio Financial shares can be attributed to couple of positive developments, including the Sebi approval to Jio BlackRock Broking to act as a stockbroker and clearing member.

Last week, market regulator the Securities and Exchange Board of India (Sebi) allowed Jio BlackRock Broking, a wholly owned subsidiary of Jio BlackRock Investment Advisers, to commence operations as a brokerage firm in India. Jio BlackRock Investment Advisers is a 50:50 joint venture between Jio Financial Services and BlackRock Inc and received a regulatory approval from the BSE to commence operations as an investment adviser in India.

Jio BlackRock Investment Advisers will combine BlackRock’s global investment, asset allocation and technology expertise with JFSL's digital reach and scale to uniquely provide accessible, affordable, and personalized investment solutions to the people of India.

Adding to it, Jio Financial recently forayed into digital loan against securities, allowing its customers to leverage their investments, such as shares and mutual funds, to avail loans at competitive interest rates.

(DISCLAIMER: The views and opinions expressed by investment experts on fortuneindia.com are either their own or of their organisations, but not necessarily that of fortuneindia.com and its editorial team. Readers are advised to consult certified experts before taking investment decisions.)