This Reliance group stock surges 21% in just 2 days; did you miss the rally?

At a time when smallcap stocks are under severe selling pressure amid concerns about higher valuations, Just Dial, a subsidiary ofReliance Industries Limited (RIL), has seen sharp rebound in its share price in the past two days. Just Dial share price has risen nearly 21% from its 52-week low of ₹755.30 touched on February 18, 2025, albeit it is still down 35% from its 52-week high of ₹1,394.95 hit on October 11, 2024. The sharp uptick in the share price of India’s leading local search engine company can be attributed to value buying following a recent correction.

On Thursday, Just Dial shares gained as much as 8.3% to hit a high of ₹911.90 on the BSE. Early today, the Reliance Group stock opened marginally lower at ₹839.25 after ending 6.3% higher at ₹841.85 in the previous session. The market capitalisation stood at 7,430 crore at the time of reporting.

On the other hand, parent Reliance Industries has maintained uptrend in its share price for the last six sessions, albeit it rose marginally by 1.5% during the period. Today, the RIL share price was up 0.6% at ₹1,237 despite weakness in the broader market.

Reliance Retail Ventures, a subsidiary of billionaire Mukesh Ambani-led conglomerate Reliance Industries, acquired a controlling stake (66.95%) in Just Dial for ₹5,719 crore in September 2021. In December 2022, India's largest listed company sold a 2% stake in the search engine to meet SEBI's minimum public shareholding norms. In the last one year, Just Dial has delivered a negative return over 3% to its shareholders, while it has corrected over 31% in six months, and 7.5% in a month.

On the technical chart, Just Dial shares were trading higher than 5-day and 20-day moving averages, but lower than 50-day, 100-day and 200-day moving averages. The stock is trading at price-to-earning (PE) ratio of 13.70, a high discount compared to its industry's average valuations of 33.5.

How Just Dial performed in Q3 FY25?

For the third quarter ended December 31, 2025, Just Dial reported a net profit of ₹131.31 crore as compared to ₹92.01 crore a year ago period,  registering a rise of 42.7% year-on-year (YoY). 

The revenue from operation grew 8.4% to ₹287.33 crore in Q3 FY25, as compared to ₹265.05 crore in the same period last year. Operating EBITDA stood at ₹86.6 crore, with healthy margin of 30.1%.

During the December quarter of FY25, the local search engine company’s total traffic (unique visitors) stood at 191.2 million, up 15.3% YoY and down 3.5% QoQ. Sequential decline was on expected lines due to impact of festival weeks during the quarter.

The total active listings stood at 47.5 million as on December 31, 2024, an increase of 14.2% YoY and 2.8% QoQ. 1,290,820 listings were added (net) to the database during the quarter. Out of total listings, 31.8 million listings were geocoded as on December 31, 2024, up 20.4% YoY. Total Images in listings stood at 216.0 million, up 23.0% YoY and 4.6% QoQ, as per the company.

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