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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