Jio Financial Services slips after Q2, Rs 208.5 in focus

Jio Financial Services slipped as much as 2.69 percent in morning trade on 16 October 2026 after Q2 results, with Rs 208.5 support and Rs 223 resistance in focus. Jio Financial Services Limited [

] slipped as much as 2.69 percent in morning trade on 16 October 2026, after three straight winning sessions. The Q2 FY27 results were released on 15 October. Consolidated profit stood at Rs 340.44 crore. Total income, excluding dividend, rose 132 percent year on year to Rs 1,699 crore. Pre-provisioning operating profit, excluding dividend, rose 85 percent to Rs 574 crore, and NBFC AUM grew 154 percent to Rs 37,320 crore. On the daily chart, the stock fell about 22 percent from the August high near Rs 268 to a fresh 52-week low of Rs 208.5 in early October. RSI is near 38, a weak reading, and the bounce has stopped near Rs 223. What next: Rs 208.50, the 52-week low, is the near term support, and the all-time low of Rs 198.65 made in March 2025 is the next. A close below it may bring fresh selling. Rs 223 is the near term resistance. Conclusion: the trend stays weak below Rs 223, and a hold above Rs 208.5 is needed to keep the bounce alive. Disclosure & Disclaimer: I and my family members do not hold any position in the stock discussed. This content is provided solely for informational and educational purposes and should not be construed as investment advice or a recommendation to buy or sell any security. Investments in the securities market are subject to market risks. Please read all related documents carefully before investing.