{"id":27834,"date":"2026-02-16T13:35:52","date_gmt":"2026-02-16T08:05:52","guid":{"rendered":"https:\/\/signalz.pro\/?post_type=article&p=27834"},"modified":"2026-02-16T13:35:52","modified_gmt":"2026-02-16T08:05:52","slug":"justdial-king-of-local-search-digital-msme-rocket","status":"publish","type":"article","link":"https:\/\/signalz.pro\/article\/justdial-king-of-local-search-digital-msme-rocket\/","title":{"rendered":"“JUSTDIAL: King of Local Search, Digital MSME Rocket!”"},"content":{"rendered":"

Technical Analysis:
\n<\/strong>Just Dial (JUSTDIAL) remains in a prolonged downtrend from 52W high \u20b91,049 to recent 52W low \u20b9697 (Jan 2026), down 24.69% 1Y vs Sensex +7.73%, trading below all MAs (MA5 \u20b9871 Sell to MA200 \u20b9912 Sell) with Strong Sell signals (RSI 37.97 Sell, MACD -47.43 Sell, CCI -120 Sell, Williams %R -97 Oversold). Pivot 5-min \u20b9871 support key, resistance \u20b9880\/\u20b9890; 52W low test signals capitulation\u2014reversal possible on oversold bounce (STOCH 1.47) if holds \u20b9697-725 S3 zone, but breakdown risks \u20b9638 Fib low with no rally continuation likely short-term. Long-term position: Selective yes for digital MSME play, accumulate <\u20b9700.<\/p>\n

Fundamental Analysis:
\n<\/strong>Q3 FY26: Operating revenue strong +YoY\/QoQ, EBITDA \u20b995 Cr (+10% YoY\/+9.4% QoQ, margin record 31.16% +101 bps YoY\/+243 bps QoQ on employee cost optimization 58.6%). PAT \u20b9118 Cr (-10.2-19.44% QoQ, other income 50.77% PBT); 9M growth solid but ROE below avg. Order book\/MSME platform growth, JD Pay digital payments; PE high, but op leverage impressive.<\/p>\n

Continuous Downfall Reasons\/Reversal Outlook:
\n<\/strong>Yes, 4-day -3.99%, 1Y -24.69%: Q3 PAT down despite revenue, high other income sustainability concern, sector underperformance, MAs below\u2014all bearish. Rally not continuing (prolonged downtrend)\u2014reversal at oversold \u20b9697 Fib support possible with volume spike.<\/p>\n

Key Levels to Watch:
\n<\/strong>Buy: \u20b9697-725 (52W low\/S3, oversold bounce).
\nSell\/Stop: <\u20b9638 (Fib low).
\nTargets: \u20b9871 PP, \u20b9880 R1, \u20b9912 MA200.<\/p>\n

Long-term Position:
\n<\/strong>Yes, undervalued MSME\/digital growth (Reliance stake), op margins 31% record\u2014accumulate on weakness despite risks<\/p>\n

Recent News Events:
\n<\/strong>Q3 results (Jan 2026): Revenue\/EBITDA beat but PAT miss\u2014share slip. JM Financial Buy TP raised. Impact: Short-term selloff, long positive.<\/p>\n

Positive Points:
\n<\/strong>Record EBITDA margin 31.16% (+243 bps QoQ), employee costs optimized.
\nMSME platform\/JD Pay growth, Reliance 67% stake stability.
\nOversold techs hint rebound, JM Buy rating.<\/p>\n

Negative Points:
\n<\/strong>PAT -19% QoQ (other income heavy), 1Y -25% underperform.
\nBelow all MAs Strong Sell, low ROE.
\nCompetitive e-commerce pressure.<\/p>\n

Macro View:
\n<\/strong>Digital India\/MSME digitization boom, post-COVID local search demand; ad spend growth tailwinds.<\/p>\n

\u200bMicro View:
\n<\/strong>Core search revenue up, cost control strong, but PAT volatility from other income\u2014execution on B2B\/MSME key.<\/p>\n

Disclaimer:
\n<\/strong>This analysis is for informational purposes only, not investment advice. Markets carry risks. Investogainer Research assumes no liability.<\/p>\n

Conflict of Interest Disclosure:
\n<\/strong>Investogainer Research holds no position in JUSTDIAL. SEBI Reg INH000012856.<\/p>\n

 <\/p>\n

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