Just Dial shares tank over 11% post earnings

Shares of local search engine Just Dial today slumped over 11 per cent after the company's September quarter earnings failed to impress investors.
The stock dropped 11.37 per cent to settle at Rs 854.75 on BSE. During the day, it lost 12 per cent to Rs 848.10.
On NSE, shares of the company plunged 11.17 per cent to Rs 855.80.
Tracking weakness in the stock, the company's market valuation fell by Rs 772.63 crore to Rs 6,025.37 crore.
Just Dial has reported a 47.03 per cent surge in net profit at Rs 46.30 crore for the quarter ended September 30, on rise in income.

The company had clocked a profit of Rs 31.49 crore in the year-ago period.

Total income from operations rose to Rs 171.27 crore in the July-September quarter of the current financial year from Rs 147.40 crore in the year-ago period, the company said in a regulatory filing today.
On quarter-on-quarter basis, total income from operations rose marginally to Rs 171.27 crore from Rs 168.62 crore in the June quarter.
In the stock market the Sensex ended with a loss of 201.62 points at 26,838.14.