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Just Dial spurts 48% in four days

Capital Market 

Just Dial hit an upper circuit of 20% at Rs 606.05, extending its winning streak to fourth consecutive trading session.

Shares of Just Dial has surged 48% in four trading days from its previous closing low of Rs 408.85 on 14 October 2020. The counter is up 142% from its 52-week low of Rs posted on 26 March 2020. The stock hit a 52-week high of Rs 660.65 on 24 October 2019.

Just Dial has rallied 59.7% in last one month compared with 9.42% rise in Nifty IT index in the same period.

Just Dial provides local search related services to users in India through multiple platforms such as Desktop/ PC website, mobile site, mobile apps (Android, iOS, Windows), over the telephone and text.

On a consolidated basis, Just Dial's net profit increased 45% to Rs 83.32 crore on 32.4% decline in net sales to Rs 162.43 crore in Q1 June 2020 over Q1 June 2019.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

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First Published: Tue, October 20 2020. 15:59 IST