Just Dial Ltd. provides local search related services to users in India. It provides local search services through various platforms such as website, mobile website, applications, over the telephone, and SMS. The firm’s latest version of JD App is an All-in-One App, replete with features like Map-aided Search, Live TV, Videos and Stock quotes to make the life of the consumer infinitely smoother & more engaging. Its services include Local Search Service for businesses in India, Discovery of millions of products sold by businesses in India and transactions for services such as bill payments, recharge, travel ticketing and online payments.

Observation

Stock shows a bullish momentum after breakout its 1100 levels with huge trading volume and rising windows candlestick pattern. Before breakout stock face two rejection from 1100 level 5 July 202, 29 April 2024 and finally it is breakout it 1100 levels on 18th of July. after breakout stock can retrace till S1 and S2 for better up move which is mentioned on the chart. RSI is above 60 and above 14 SMA on weekly monthly and daily time frame after bullish crossover on 1st December 2023 stock making higher high, higher low formation with dynamic support.

Let's touch fundaments

Stock PE is all time low, and price is increasing that shows stock is n undervalue and making it a good Invesment opportunity stock intrinsic value is good as compared to stock price based on factor like its financial performance, revenue, cashflow, and brand value. ROCE 4.81, ROE 1.70 let me tell you this is low. you can read my previous blog 👉 (Hathway Cable Trading Idea) to learn about ROE & ROCE. stock pledge is 13.94 I have already covered what is pledge you can read it here 👉 (Vascon Engineer Trading Idea). stock debt to equity ratio is negligible 0.02. promoter holding 74% and public holding is 10% that show stock is in strong hands promoter and public holding i have also covered in blog you must read.

"Trading teaches us that success comes not from predicting the future, but from managing our own behavior in the present."

Technical Analysis & indicators 🔍

Weekly Chart

Cup & Handle

EMA

News of the day

1. Tech Mahindra Ltd has approved the merger of its step-down subsidiary VCustomer Philippines (Cebu) with its parent VCustomer Philippines Inc., a wholly owned subsidiary of the company. VCustomer Philippines and VCustomer Philippines (Cebu) are business process outsourcing service providers. The consolidation will promote efficiencies and reduce administrative and operating costs in all aspects of the business, Tech Mahindra said in a statement. It will also streamline businesses, achieve greater efficiency in the use of the resources of the constituent corporations, and consolidate the ownership of the assets of VCPI.

2. Tanla Platforms Ltd on Thursday (July 18) reported a 4.3% year-on-year (YoY) increase in net profit at ₹141.2 crore for the first quarter that ended June 30, 2024, In the corresponding quarter, Tanla Platforms posted a net profit of ₹135.4 crore, the company said in a regulatory filing. The company's revenue from operations rose 10% to ₹1,002.2 crore as against ₹911.1 crore in the corresponding period of the preceding fiscal.
At the operating level, EBITDA increased 3.5% to ₹188.6 crore in the first quarter of this fiscal over ₹182.2 crore in the corresponding period in the previous fiscal.

3. Dr. Reddy's Laboratories on Thursday disclosed plans to commercialize and sell Takeda Pharmaceutical's vonoprazan tablets to treat gastroesophageal reflux disease, peptic and duodenal ulcers and similar disorders to customers in India. Under the terms of the non-exclusive patent licensing agreement, Dr. Reddy's plans to market the orally active potassium competitive acid blocker in either 10- or 20-milligram tablet strengths under the Vono trademark.

Educational content

Thu Jul 18, 2024