Just Dial share price surges 8.5%, hits 52-week high on strong Q3 results. Should you buy, hold or sell?
₹906.70 apiece on BSE. Just Dial stock price touched an intraday high of ₹945.80 and a low of ₹888.95 apiece. According to Ruchit Jain, lead research analyst at 5paisa, Just Dial stock has recently seen an upmove but is trading around its hurdle, which is in the range of 950–950.
It will be important to see the follow-up move. Only a breakout above this zone will lead to sustainable momentum in the stock. Also Read: TCS vs Infosys vs Wipro vs HCL Tech: Which stock to buy after Q3 results 2024? Just Dial's EBITDA grew to ₹60.4 crore (+122% YoY / +23.8% QoQ) in 3Q, according to the brokerage.
This beat JMFe by 12.3% due to decent revenue growth and strong cost control over personnel and G&A expenses. Consequently, the EBITDA margin increased 10.5 percentage points YoY (+4.1 percentage points QoQ) to 22.8%, surpassing JMFe by 276 basis points. Operating profit and treasury income exceeded expectations, resulting in a PAT of ₹92 crore, 16.5% more than JMFe.
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