# Just Dial Shares Surge 36% in Two Days Why Reliance-backed stock could rally up to 62%? - **Source:** [Economic Times](https://brifing.si/source/37791137-c35a-4ffe-b6a9-fe103afc9e48) - **Published:** 2026-07-14 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/00182fbc-e7e1-47fa-aec5-3895146b4e64 ## Just 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. ## Strong 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%. ## Reliance'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. ## Brokers' 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. ## Risks 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. ## Just 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. ## Sources covering this story - https://economictimes.indiatimes.com/markets/stocks/news/just-dial-shares-rocket-36-in-two-days-why-citi-kotak-others-think-reliance-backed-stock-can-rally-up-to-62/articleshow/132382158.cms — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._