New Delhi, Aug. 28 -- Just Dial share price surged 10% to hit its upper circuit of Rs.704.65 on the BSE in intraday trade on Friday, 28 August, looking set to snap its five-day losing streak. Soon after opening at Rs.654.65, up from its previous close of Rs.640.60, Just Dial shares jumped 10% to hit their upper price band.

The stock witnessed strong buying even though there are no fresh fundamental developments or exchange filings.

Brokerage firm Kotak Institutional Equities has retained its positive view on the stock, which seems to have influenced sentiment.

Kotak Institutional Equities has reportedly maintained its 'buy' rating on the stock, with a target price of Rs.1,175, citing a potential change in management that could revive s...