Just Dial hits 52-week high on heavy volumes; stock gains 17% in two days

The firm had completed buy-back of 2.75 million equity shares at a price of Rs 800 per share for an amount aggregating up to Rs 220 crore in January

Shares of Just Dial hit 52-week high of Rs 655, up 5 per cent on the BSE in intra-day trade, gaining 17 per cent in past two trading days on the back of an over three-fold jump in trading volumes.

At 03:15 pm, the stock was trading 3 per cent higher at Rs 638, as compared to a marginal 0.01 per cent rise in the S&P BSE Sensex. A combined 15.64 million equity shares, representing 24 per cent of total equity, of Just Dial have changed hands on the NSE and BSE so far.

Just Dial, India’s leading local search