Jio Fin.-Services Near ₹223 Support as Trend Stays Bearish

Jio Financial Services is down over 22% in CY2026. The stock bounced from ₹223 support, but the major trend stays bearish. Key levels and data. Jio Financial Services

has fallen over 22% in CY2026 so far and was quoted at ₹229.89 on 18 September. The stock is now near ₹223, which is also its 52-week low, while the 52-week high stands at ₹319. After a decline of about 15%, the price bounced from ₹223. The market reacted at this level, which makes it the key support. The major trend still remains bearish at this juncture. On fundamentals, Q1 FY27 net profit rose 156% year-on-year to ₹830 crore. However, the stock trades at a PE of 73.94 against the sector PE of 20.9, and ROE stands at 1.17%. This gap between earnings growth and valuation may explain the cautious price action. Traders may watch whether ₹223 holds in the coming sessions. A close below it would weaken the structure, while a sustained recovery is needed to change the trend. Stance: Bearish trend, ₹223 in focus. This is not a recommendation. I do not hold any position or have any financial interest in the mentioned stock.