Just Dial share price dropped by 4% during Monday’s session as a result of profit booking. Despite showing strong movement following the Q2 results in Friday’s session, the stock was unable to maintain the gains in today’s session. Just Dial share price opened at ₹1,306.85 apiece on BSE, the stock touched an intraday high of ₹1,313 and an intraday low of ₹1,253 per share.
Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One highlighted that after witnessing a strong move on Friday but failing to cross 1380 has resulted in profit booking in today’s session. Overall bias is positive, but next momentum would be seen only on a breakout above it; until then, wait and watch would be advised; any dip toward 1230 would be a buying opportunity.
“The broader trend for the stock seems positive with support around ₹1,120,” added Ruchit Jain, Lead Research Analyst at 5paisa.
