Friday, 10 November 2017

Just Dial Surge 20% on Report of Takeover Talks With Google

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The stock of Just Dial registered a surge of 20% during the early hours of trade on Friday. Shares jumped to Rs.549.85, 19.79% higher than the last session's closing of Rs.459 on BSE. Increased investor interest in the stock comes on the back of news report that Google is in talks with Just Dial for an acquisition deal.

The scrip pared some of the gains at 11.30 am, the scrip traded at Rs. 532.20, 15.95% higher than the previous session's closing on BSE. The stock is, still far lower than its 52-week of Rs. 619 that it attained on March 17 this year.

The company had posted net profit after tax of Rs. 37.46 cr in the Q2FY18.  In the first quarter, the company posted Rs. 38.16 cr profit after tax. Revenue for the last two quarters figured at Rs.194 cr and Rs.190 cr by Sept and April quarter, respectively. 



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