Jio Financial shares in focus amid reports of initial deal with Allianz for India insurance business

Jio Financial Services remains in focus after reports of a preliminary agreement with Allianz SE to establish an insurance venture in India. This follows Allianz’s recent stake sale in joint ventures with Bajaj Finserv. Technically, Jio Financial’s stock shows mixed signals with an RSI of 53.1 and a bearish MACD at -6.9. It has dropped 24% YTD.