Just Dial Ltd Stock rally and brokerage view

Just Dial shares hit a 10% upper circuit on 28 August, closing around ₹704.55, after Kotak Institutional Equities reiterated a “Buy” rating with a target price of ₹1,175, implying roughly 67% ***** new management team under CEO Dinkar Ayilavarapu (who took over from founder VSS Mani earlier in August). Expectations that the new strategy could revive collections growth and improve operational execution. The stock is trading around ₹693–699 as of 3 September 2026, having rallied sharply from its 52‑week low near ₹486, though it remains below the 52‑week high of ₹878.70. Flat financial performance and heavy reliance on non-operating income (about 63.6% of PBT in Q1). Low return on equity and declining institutional holdings (down 1.06 percentage points to 13.07%).