Just Dial soars ahead of FTSE inclusion

The stock has rallied 18% in past four trading sessions compared to 1.3% rise in benchmark S&P BSE Sensex.

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SI Reporter Mumbai
Last Updated : Dec 20 2013 | 1:46 PM IST
Just Dial has moved higher by 7% to Rs 1,354, extending its over 10% rally in past three days on the BSE, ahead of its entry in the FTSE All Cap index from 23 December 2013.

The stock opened at Rs 1,271 and touched a high of Rs 1,361 on the BSE. A combined 820,000 shares have changed hands on the counter so far on the BSE and NSE.

Shares of Just Dial have outperformed the market by surging 18% in past four trading sessions compared to 1.3% rise in benchmark S&P BSE Sensex.

Just Dial provides local search related services to users in India through multiple platforms such as internet, mobile internet, over the telephone (voice) and text (SMS).

An inclusion in global benchmark indices such as FTSE prompts buying from passive trackers of the FTSE indices.

FTSE, which is a part of the London Stock Exchange Group, is a world-leader in providing global index and analytical solutions. FTSE indices are used extensively by a range of investors such as consultants, asset owners, fund managers, investment banks, stock exchanges and brokers.
 
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First Published: Dec 20 2013 | 1:44 PM IST

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