Just Dial hits new high since IPO

Since 9 December 2013, the stock has rallied 42% from Rs 1,120 on the BSE compared to 2.4% rise in S&P BSE Sensex.

Just Dial has soared over 6% to Rs 1,588 also highest level since its listing in last June on the Bombay Stock Exchange (BSE).

Since 9 December 2013, the stock has rallied 42% from Rs 1,120 after index compiler FTSE said it will include the stock in its FTSE AllCap index, effective from the start of trading on December 23. The S&P BSE Sensex was down 2.4% during the same period.

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).

Meanwhile, the stock has appreciated over three-fold against its issue price of Rs 477 per share to retail investors.  The company had offered shares at price of Rs 530 for institutional investors.