 "Just Dial board to consider share buyback proposal")
Shares of Just Dial were trading 1% higher at Rs 1,154 on the BSE after the company said that its board will meet on June 04, 2015, to consider the proposal to buy-back the fully paid-up equity shares of the company.
The stock opened at Rs 1,202 and hit a high of Rs 1,215 on the BSE. Till 1059 hours, a combined 380,436 shares changed hands on the counter on the BSE and NSE.
Just Dial’s founders, including chief executive V.S.S. Mani and chief operating officer V. Krishnan, collectively held 32.78% stake in the company which runs the online business directory Justdial.com.
Foreign corporate bodies held 29.53% stake, followed by foreign institutional investors (28.85%), foreign venture capital investors (4.25%) and individual shareholders (2.79%).
Thus far in 2015, the stock has underperformed the market, by falling 15% compared with 1% gain in the S&P BSE Sensex.
Meanwhile, the company has reported 38% year on year jump in net profit at Rs 47.16 crore for the quarter ended March 31, 2015 (Q4FY15) against Rs 34.15 crore in the year ago quarter. Income from operations grew 26% to Rs 156 crore from Rs 124 crore in the corresponding quarter of previous fiscal.
The stock opened at Rs 1,202 and hit a high of Rs 1,215 on the BSE. Till 1059 hours, a combined 380,436 shares changed hands on the counter on the BSE and NSE.
Just Dial’s founders, including chief executive V.S.S. Mani and chief operating officer V. Krishnan, collectively held 32.78% stake in the company which runs the online business directory Justdial.com.
Foreign corporate bodies held 29.53% stake, followed by foreign institutional investors (28.85%), foreign venture capital investors (4.25%) and individual shareholders (2.79%).
Thus far in 2015, the stock has underperformed the market, by falling 15% compared with 1% gain in the S&P BSE Sensex.
Meanwhile, the company has reported 38% year on year jump in net profit at Rs 47.16 crore for the quarter ended March 31, 2015 (Q4FY15) against Rs 34.15 crore in the year ago quarter. Income from operations grew 26% to Rs 156 crore from Rs 124 crore in the corresponding quarter of previous fiscal.
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