ETMarkets.comShares of local search platform hit a 10% upper circuit of Rs 643.65 in Monday's trade after the company reported a three-fold jump in its consolidated net profit at Rs 75.32 crore in the third quarter that ended on December 31, 2022. The company posted a net profit of Rs 19.39 crore in the same quarter a year ago.
Its net revenue from operations was up 39.32% to Rs 221.37 crore during the quarter under review as against Rs 158.89 crore in the corresponding quarter last year.
Its total expenses were at Rs 204.92 crore, up 25.67% during the quarter.
At 9.52 am, the scrip was trading 9.5% higher at Rs 640.5 over its last day's closing price of Rs 585.15 apiece. The stock has also risen nearly 13% in the last six months, while it has plunged over 27% in the last year.
Just Dial said that total traffic of unique visitors for the quarter increased by 9.8% to 15.68 crores on a year-on-year basis with 85.5% traffic originating on mobile platforms, 10.9% on desktop and PC, and 3.6% on its voice platform.
As per Trendlyne data, the highest target price for the stock goes up to Rs 1,150, while the average target price estimate is Rs 793.4, which shows an upside potential of 24% from the current market prices.
The consensus recommendation from nine analysts for Just Dial is a buy. Out of the nine analysts covering the stock, six analysts have strong buy and buy ratings, while only one has a sell rating and the remaining two have hold ratings.
The board of Just Dial has also appointed Anshuman Thakur and Dinesh Taluja as additional directors.
Just Dial provides local search-related services to users in India through multiple platforms such as Desktop/ PC website, mobile site, mobile apps and over the telephone.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Its net revenue from operations was up 39.32% to Rs 221.37 crore during the quarter under review as against Rs 158.89 crore in the corresponding quarter last year.
Its total expenses were at Rs 204.92 crore, up 25.67% during the quarter.
At 9.52 am, the scrip was trading 9.5% higher at Rs 640.5 over its last day's closing price of Rs 585.15 apiece. The stock has also risen nearly 13% in the last six months, while it has plunged over 27% in the last year.
Just Dial said that total traffic of unique visitors for the quarter increased by 9.8% to 15.68 crores on a year-on-year basis with 85.5% traffic originating on mobile platforms, 10.9% on desktop and PC, and 3.6% on its voice platform.
As per Trendlyne data, the highest target price for the stock goes up to Rs 1,150, while the average target price estimate is Rs 793.4, which shows an upside potential of 24% from the current market prices.
The consensus recommendation from nine analysts for Just Dial is a buy. Out of the nine analysts covering the stock, six analysts have strong buy and buy ratings, while only one has a sell rating and the remaining two have hold ratings.
The board of Just Dial has also appointed Anshuman Thakur and Dinesh Taluja as additional directors.
Just Dial provides local search-related services to users in India through multiple platforms such as Desktop/ PC website, mobile site, mobile apps and over the telephone.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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