Just Dial Shares Surge 36% in Two Days
Why Reliance-backed stock could rally up to 62%?
1Just Dial Shares See Major Surge
Just Dial shares surged 36% in two days following the announcement of FY27 Q1 results. The stock hit the 20% upper circuit in the previous session and rose another 14% today to reach Rs 770.
2Strong Financial Performance
The company's net profit rose 4.1% YoY to Rs 166.2 crore. Revenue increased 9.9% YoY and 6.6% sequentially to Rs 327.5 crore. EBITDA margin remained healthy at 26.7%.
3Reliance's Significant Stake
Reliance Retail Ventures Ltd, a subsidiary of Reliance Industries, holds a 63.84% stake in Just Dial. The company's balance sheet shows cash and investments worth Rs 6,022.1 crore.
4Brokers' Optimistic Forecasts
Citi, Kotak, and ICICI Securities predict a potential upside of 36% to 62% for Just Dial shares. Citi raised its FY27 and FY28 revenue estimates by 4% and 6%, respectively.
5Risks and Opportunities
Brokers highlight declining traffic as a key risk while noting that cash distribution to shareholders and growth in paid campaigns could be significant triggers for the stock.
6Just Dial's Future
Just Dial operates as a leading local search platform in India. The company's shares have risen 5% YTD but fallen 19% over the past year.
Original article: Economic Times — Just Dial Hisse Senetleri İki Günde %36 Yükseldi