Just Dial shares surged as much as 13% in intraday trade on the BSE on Monday, 19 October, with a strong spurt in volume. Just Dial share price opened at ₹716.45 against its previous close of ₹712.45 and jumped 12.6% to an intraday high of ₹802, with volume soaring massively by 115 times.
The stock has surged nearly 40% over the last 6 months. It hit a 52-week high of ₹838 on 15 July and a 52-week low of ₹486.05 on 30 March this year.
On a monthly scale, the stock is up 12% so far in October, looking set to snap its two-month losing run.
Experts underscore that Just Dial shares have entered a short-term uptrend with the formation of higher highs and higher lows.
Aditya Thukral, founder and analyst at AT Research and Risk Managers, highlighted that the stock is in a short-term uptrend, but the long-term structures have been corrective in nature, and the stock will continue to behave sideways over the long run within its all-time high and all-time low.