JIOFIN

Financial share price jumps 12% from 52-week low. Opportunity to buy?

Financial share price hit a new 52-week low of ₹198.65 apiece on the NSE in a recent stock market crash. However, the announcement of raising a stake in Jio Payments Bank and buying a stake in SBI (State Bank of India) triggered fresh buying in the Reliance Group stock at the lowest levels. On Friday last week, Jio Financial share price ended at ₹221.90 apiece on the NSE, registering nearly 12 per cent from its 52-week low. However, stock market experts believe that Jio Financial shares still have steam left, which may go up to ₹260 apiece in the short term. Why is Jio Financial's share price rising?