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Just Dial recovers after recent slide

Capital Market 

Just Dial rose 1.38% to Rs 410.25 at 10:02 on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P Sensex was down 8.44 points, or 0.03% at 31,095.05.The S&P Small-Cap index was down 19.04 points, or 0.12% at 15,498.89.

On the BSE, 1.11 lakh shares were traded on the counter so far as against the average daily volumes of 1.53 lakh shares in the past two weeks. The stock had hit a high of Rs 415 and a low of Rs 399 so far during the day. The stock had hit a 52-week high of Rs 671.30 on 22 June 2016 and a 52-week low of Rs 318.20 on 27 December 2016.

Just Dial had declined 9.48% in the preceding six trading sessions to settle at Rs 404.65 yesterday, 13 June 2017, from its close of Rs 447.05 on 5 June 2017.

Just Dial's net profit fell 37.1% to Rs 25.35 crore on 5.9% increase in net sales to Rs 181.72 crore in Q4 March 2017 over Q4 March 2016.

Just Dial is a leading local search engine in India.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, June 14 2017. 10:02 IST