On Friday, December 20, 2024, the stock market opened with a slight decline. The BSE Sensex opened at 79,335, up by 117 points from its previous close, while the NSE Nifty was trading at 23,960, gaining 9 points. Amidst this mixed market movement, Jio Financial Services emerged as an interesting stock, catching the attention of investors.
Jio Financial Stock Outlook: Experts Recommend Buy
Market experts have given a ‘BUY’ rating to Jio Financial Services shares, suggesting a target price of ₹375. The stock was trading at ₹311.90 on the previous day. Experts believe that Jio Financial’s stock is set to experience a breakout soon, making it an attractive investment opportunity. Over the last year, the stock’s 52-week high was ₹394.70, while the 52-week low was ₹229, showing considerable potential for growth.
Other Stocks to Watch
Apart from Jio Financial, other stocks are also gaining attention from market analysts:
- SAIL Share Price: ICICI Securities has recommended a buy on SAIL Ltd., advising a price range of ₹117 to ₹125. They have set a target price of ₹153, expecting an 18% return from the stock.
- CESC Share Price: ICICI Securities has given a buy recommendation for CESC Ltd. with a price range of ₹180 to ₹194 and a target price of ₹235, projecting a return of up to 23.7%.
- BEML Share Price: For BEML Ltd., ICICI Securities suggests a buy in the range of ₹4,250 to ₹4,450, with a target price of ₹5,390, expecting a return of 21%.
With these promising recommendations, investors may want to keep an eye on these stocks, especially Jio Financial Services, which appears to be poised for strong growth.
