Just Dial gallops after launching Search Plus app

Just Dial surged 13.47% to Rs 926.30 at 15:24 IST on BSE after the company launched its latest Android app Search Plus on the Google Play Store for users.

The announcement was made on Sunday, 13 September 2015.

Meanwhile, the S&P BSE Sensex was up 233.38 points or 0.91% at 25,844.09

On BSE, so far 3.71 lakh shares were traded in the counter as against average daily volume of 68,312 shares in the past one quarter.

The stock hit a high of Rs 938 and a low of Rs 831 so far during the day. The stock had hit a 52-week high of Rs 1,749.95 on 6 September 2014. The stock had hit a 52-week low of Rs 749 on 25 August 2015.

The stock had underperformed the market over the past one month till 11 September 2015, falling 20.52% compared with 8.10% fall in the Sensex. The scrip also underperformed the market in past one quarter, declining 25.94% as against Sensex's 2.88% decline.

The mid-cap company has equity capital of Rs 70.49 crore. Face value per share is Rs 10.

Just Dial said that the company's new visually appealing multi-purpose Search Plus app is aimed at enhancing experience for its users by providing a one-stop online solution for a variety of user requirements pertaining to information retrieval, search and online transactions. Just Dial added that the company has also submitted its new iOS App to Apple App Store and is expected to go live shortly.

Just Dial's net profit rose 18% to Rs 33.17 crore on 21.4% rise in total income to Rs 175.74 crore in Q1 June 2015 over Q1 June 2014.

Just Dial started offering local search services in 1996 under the Justdial brand and is now the leading local search engine in India.

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