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JUST DIAL - Profitable Stock for 2018 Recommended by CapitalHeight

JUST DIALLtd along with its subsidiaries provides local search & related services to users in India & in USA through multiple platforms including the internet, mobile internet, over the telephone & text. It also provides administrative support services.Just Dial Limited was incorporated in India with limited liability by shares on December 20 1993. The Company provides local search and related services to users in India through multiple platforms such as the internet mobile internet over the telephone (voice) and text (SMS). 
 
 Just Dialalong with its subsidiaries provides local search has surged 10% to Rs 548 on the National Stock Exchange in noon deals, extending its Friday’s 9% surge, 
  • Just dial as part of its regular business, does meet various relevant corporates for exploring any business/strategic opportunities and tie-ups. 
  • Just Dial gained nine per cent to close at Rs 500.3 a share on the BSE, after a report published in Business Standard on Friday said Google was in talks with the local service listing provider to acquire it. 
Mission 
 
Mobile - JD (Just dial) app, JD Lite app, and mobile site (t.justdial.com). 
  • Desktop / PC – www.justdial.com 
  • Voice /Sms - 8888888888 
Fundamental Analysis CapitalHeight 
The company started offering local search services in 1996 under the Just dial brand and is Small cap stock now the leading local search engine in India. Its official website www.justdial.com was launched in 2007. In early trade, the stock rose 20 per cent to Rs 549.8 a share. But, pared some of the gains after Just Dial told stock exchanges: Operating cash flow is a better metric of a company's financial health for two main reasons. Cash flow is harder to manipulate than net income (although it can be done to a certain degree). Second, "cash is king", a company that does not generate cash over the long term is on its deathbed. Investors can avoid a lot of bad investments if they analyze a company's operating cash flow. 
 
  • Increase in operating revenue during the year to GDP would grow by 10 percentage points by 2020. 
  • The Company has increase industry revenue every Quarterly Results. 
  • Watch the overall performance of revenue and profit, needless to say you should invest in a company whose numbers are going up. 
  • The change in shareholding as compared to last quarter, Promoters shareholding%, persons holding more than 1% shares of the company. 
  • The total revenues during the year increased 7.8% from 7,476.85 mn in FY 2015-16 to 8,056.73 mn in FY 2016- 17. Operating revenue during the year increased 7.6% from 6,676.56 mn in FY 2015-16 to 7,186.10 mn in FY 2016-17. 
  • Operating EBITDA, adjusted for non-cash and one-time expenses, and PAT margins for the year stood at 17.5% and 15.1%, respectively, compared to 25.6% and 19.1%, respectively, in the previous year.
Technical Analysis CapitalHeight 
Just Dial is one of the leading local search engines in India. It provides users search services with information and user reviews from its database of local businesses, products and services across India. It gained nearly 140-165 points or nearly 30-40 percent from 550 to 750 since the last week of JAN 2018. In the last week it has given strong break out levels of 600-615 resistance level on weekly chart and Monthly chart. 
 
  • The stock has formed long-term double bottom pattern on weekly chart, the target of the pattern is approx. 150-180 point.
  • The stock has break PARABOLIC SAR indicator show buying Weekly chart.
  • It also breaks last 9 weeks volume highs and that confirms the break out 
  • ADX also signals start of an uptrend with crossover 
  • 615 was the earlier monthly resistance but the stock breached that and made a high of 650 
  • The stock closed near 565 and strong buying is expected above 580 
  • The Lot size for Just dial in derivatives is 1200 and stock may turn a jackpot for derivative traders so it is highly recommend for futures contract 

 

Buy Just dialJanuary futures around 650-670 target 630-680 Stop loss below 475 holding period till financial year. 
 
Supports and Resistance (Monthly) 
 
  • Resistance 1- 999Support 1- 512
  • Resistance 2- 805 Support 2- 413 

Resistance 3- 706 Support 3- 219

For Market Updates visit - CapitalHeight

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Friday, 18 January 2019

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