 "Just Dial gains on allotment of land by Karnataka government")
Just Dial has surged 5% to Rs 1,713 on National Stock Exchange (NSE) after the company said it will establish an IT/ITES - BPO and software development centre at Devanahalli Industrial Area in Bangalore.
The stock opened at Rs 1,621 and hit a high of Rs 1,725 on NSE. A combined 203,000 shares changed hands on the counter so far on NSE and BSE.
Just Dial in a regulatory filing said that the board of directors of the company at its meeting held on October 03, 2014, had decided to accept allotment of 15 acres of land on a leasehold basis for a period of 99 years by the Government of Karnataka, to establish an IT/ITES - BPO and Software Development Centre at Devanahalli Industrial Area in Bangalore and take necessary steps in this regard.
Meanwhile, analyst at Kotak Securities expects strong 30% year-on-year growth, while margins will benefit from operating leverage benefits during the quarter ended September 2014.
The stock opened at Rs 1,621 and hit a high of Rs 1,725 on NSE. A combined 203,000 shares changed hands on the counter so far on NSE and BSE.
Just Dial in a regulatory filing said that the board of directors of the company at its meeting held on October 03, 2014, had decided to accept allotment of 15 acres of land on a leasehold basis for a period of 99 years by the Government of Karnataka, to establish an IT/ITES - BPO and Software Development Centre at Devanahalli Industrial Area in Bangalore and take necessary steps in this regard.
Meanwhile, analyst at Kotak Securities expects strong 30% year-on-year growth, while margins will benefit from operating leverage benefits during the quarter ended September 2014.
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