{"id":105153,"date":"2023-07-12T16:15:00","date_gmt":"2023-07-12T10:45:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=105153"},"modified":"2023-07-12T16:10:39","modified_gmt":"2023-07-12T10:40:39","slug":"reliance-group-stock-to-buy-now-for-an-upside-of-more-than-35-are-you-holding-it","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/reliance-group-stock-to-buy-now-for-an-upside-of-more-than-35-are-you-holding-it\/","title":{"rendered":"Reliance Group stock to buy now for an upside of more than 35%; Are you holding it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1217750640\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The company is India&#8217;s market leader in the local search engine space. The company offers a unique local search service via phone, web, WAP, and SMS.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4055050362\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/JUSTDIAL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Just Dial<\/a><\/strong> shares climbed 7 percent to a 52-week high of Rs 812 per share on Wednesday after analyst reiterated buy recommendation and company\u2019s shares closed at Rs 777.55, up 2.65 percent from previous closing price.<\/p><p>According to the company&#8217;s financials,Operating revenue climbed by 40 percent to Rs 232 crore in Q4FY23 compared to the same quarter the previous year, Likewise, net profit increased by 277 percent to Rs 83 crore.<\/p><p>In FY 22-23, the company&#8217;s operating revenue climbed by 30 percent year on year to 844 crore. Net Profit grew by 131 percent to Rs 162 crore over the same time.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-576570004\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Having a positive outlook for the company, UBS Securities gave a revised buy tag to the company with a target price of Rs 1,050 from Rs 900\u00a0 indicating an upside of 35 percent as compared to the current price level.\u00a0<\/strong><\/p><p>The rationale behind providing such a recommendation is Brokerage expects to increase its FY 24\/25 EPS projections by 24%\/19%, due to rising momentum in the company&#8217;s core business, the potential for margin expansion due to improved productivity, and deferred revenue in the March quarter was up around 18% compared to pre-COVID levels, indicating excellent growth potential.<\/p><p>In FY 22-23, the net profit margin climbed to 19.26 percent while the operational profit margin increased to 23.14 percent.Profitability ratios grew as well, with Return on Equity at 4.43 percent and Return on Capital Employed at 5.13 percent.<\/p><p>In July 2021, Reliance Retail acquired $469 million for a controlling share of 66.95% in Just Dial. As part of the acquisition, Reliance Retail owns 40.95% of the company.<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-424675839\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The company is India&#8217;s market leader in the local search engine space. The company offers a unique local search service via phone, web, WAP, and SMS. Just Dial shares climbed 7 percent to a 52-week high of Rs 812 per share on Wednesday after analyst reiterated buy recommendation and company\u2019s shares closed at Rs 777.55, [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":81132,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[8600,8599,9939,8980,948,936,8603],"class_list":["post-105153","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-just-dial-latest-news","tag-just-dial-share-price","tag-just-dial-share-target-2023","tag-reliance-stock","tag-stock-market","tag-stock-market-news","tag-why-is-just-dial-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Reliance Group stock to buy now for an upside of more than 35%; Are you holding it? - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"The company is India&#039;s market leader in the local search engine space. 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