Just Dial Rangebound Ahead Of Q1 Earnings; SEBI RA Deepak Pal Sees Potential Upside Above ₹950

A decisive break above ₹950  could lead to a fresh uptrend, potentially towards the ₹975 - ₹980 range

Just Dial shares appear to be consolidating within a tight range ahead of its quarterly results (Q1FY26) scheduled next week.

The stock is showing signs of base formation on the daily chart, with the Parabolic SAR dots positioned below the price candles indicating a short-term bullish bias, said SEBI-registered analyst Deepak Pal.

The moving average convergence/divergence (MACD) remains mildly positive, hinting at underlying momentum, and the relative strength index (RSI) stands at 56.57, suggesting neutral to slightly bullish strength.

Over the last 10 sessions, the stock has consistently held above its 14-day EMA, Pal said.

The stock is forming a solid base near its recent lows but is encountering resistance around the 200-day EMA at ₹945. A decisive breakout and close above ₹950 could confirm the beginning of a fresh uptrend, potentially pushing the stock toward the ₹975 - ₹980 range, the analyst added.

At the time of writing, Just Dial stock was down 1.5% to ₹916.15.

With Q1 FY26 results set for July 15, volatility is likely to rise in the coming sessions, Pal noted, suggesting that any pre-earnings dip could present a favorable entry opportunity for short-term traders.

From a fundamental perspective, Just Dial remains debt-free with solid cash reserves and consistent operational cash flow. While FY24–25 saw modest revenue growth, profitability improved on the back of cost efficiency and expansion in digital services. The company benefits from strong strategic backing from parent company Reliance Retail Ventures.

Year-to-date (YTD), the shares have fallen 7.9%.

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