Just Dial is at the verge of a triangular pattern breakout, which would result in 40-50% upside.
The reason it is likely to move on upside is that, 1) the company is doing buyback at Rs700/sh. and the buyback is yet to commence. It is the 3rd buyback in 4 years. 2) Just dial is being removed from F&O series after July expiry, so there cant be any short positions thereafter 3) Valuations attractive. Stock trades at less than 10x PE on trailing basis. Further, stock at Rs 386 has Rs 245 as cash on balance sheet.