Market Update (Traders Corners): Just Dial Ltd Surges 10% | Espresso


Espresso shot of the day – Just Dial Ltd up by 10 percent

March 19, 2021
Espresso shot of the day – Just Dial Ltd up by 10 percent

JUST DIAL LTD 906.05 (+10.00%)  BSE – INE599M01018| 19TH MARCH 2021

Just Dial Limited is India's No. 1 Local Search engine that provides local search related services to users across India through multiple platforms such as website, mobile website, Apps (Android, iOS, Windows), over the telephone (voice, pan India number 8888888888) and text (SMS).Just Dial Limited has also initiated ‘Search Plus’ services for its users. These services aim at making several day-to-day tasks conveniently actionable and accessible to users through one App. By doing so, it has transitioned from being purely a provider of local search and related information to being an enabler of such transactions. Just Dial Limited has also recently launched JD Omni, an end-to-end business management solution for SMEs, through which it intends to transition thousands of SMEs to efficiently run their business online and have adequate online presence via their own website and mobile site. Apart from this, it has also launched JD Pay, a unique solution for quick digital payments for its users and vendors, and JD Social, its official social sharing platform to provide curated content on latest happenings to users. The organisation also aims to make communication between users and businesses seamless through its Real Time Chat Messenger.

Recent Drivers

  • On 7th March 2021, Just Dial Limited announced in a BSE filing that it has signed an agreement with broadcaster Star India for advertising as co-presenting sponsor during Indian Premier League (IPL).
  • Tata Digital has held exploratory talks with Just Dial Limited to strike a strategic alliance or pick up stake, as part of the Mumbai-based group’s push to enter the e-commerce space.
  • On 25th February 2021, Just Dial Limited launched its B2B portal, Jd Mart, across various platforms for users.
  • Just Dial Limited’s co-founder Ramani Iyer has launched his latest venture ‘Spykke’, a smartphone power bank rental service.
  • Just Dial Limited reported quarterly net profit at Rs 49.94 crores in December 2020.
  • Just Dial Limited reported net sales at Rs 169.54 crores in December 2020.
(Sources: MoneyControl, Livemint, The Economic Times, Gadgets Now)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 1.24%
  • Touched Upper circuit 906.05
  • 3 months avg qty – 1,62,012
  • Quantity traded 1,87,117 Deliverable quantity 33,655(17.99%)
  • Stock price has jumped more than 250% from one year low level – 253.00, 30 March 2020
  • Daily RSI (14) crossed above central line 17 periods ago
  • 52 -week high – 1063.00 | 52- week low- 250.55

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Some Key Ratios (Source: BSE)

Market Cap: 5605.90 crores

PE: 19.85

OPM%: 39.47

ROE%: 22.05

Promoters holding : 35.56

Prev. Close: 823.70

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.