Jio Financial Q1 Preview: Strong Earnings Could Trigger 20% Rally, Says SEBI RA

Jio Financial Services is showing strong technical momentum ahead of its Q1FY26 results on Thursday.

The stock recently saw a cup-and-handle breakout and is now consolidating around ₹320, as observed by SEBI-registered analyst Rohit Mehta.

This bullish pattern signals accumulation, and a breakout above this consolidation could trigger a move toward the all-time high of ₹394.35, Mehta added.

Jio Financial stock is likely to find support between ₹260 and ₹270, while resistance lies at its all-time high levels, the analyst said. If earnings deliver a surprise in terms of growth or margin expansion, it could serve as the catalyst for a breakout rally.

Fundamentally, Jio Financial posted healthy numbers in the March 2025 quarter. The company reported higher sales and EPS both on an annual and sequential basis. Its near debt-free balance sheet also boosts the long-term outlook.

In terms of shareholding, promoter stake remained steady at 47.12%. Foreign institutional investors (FIIs) reduced their holdings from 15.62% to 11.66%, while domestic investors (DIIs) increased theirs from 12.46% to 14.21%.

Earlier today, JioBlackrock received approval from the market regulator SEBI to launch four passive funds. 

The shares closed 0.5% lower at ₹319.55 on Wednesday, with year-to-date gains of nearly 7%.

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