MoneyWorks4Me

Just Dial trades jubilantly on Google acquisition buzz

10 Nov 2017 Evaluate

Just Dial is currently trading at Rs. 522.60, up by 63.60 points or 13.86% from its previous closing of Rs. 459.00 on the BSE.

The scrip opened at Rs. 504.90 and has touched a high and low of Rs. 549.85 and Rs. 504.25 respectively. So far 8,03,000 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 619.45 on 17-Mar-2017 and a 52 week low of Rs. 318.20 on 27-Dec-2016.

Last one week high and low of the scrip stood at Rs. 549.85 and Rs. 423.65 respectively. The current market cap of the company is Rs. 3,647.38 crore.

The promoters holding in the company stood at 34.26%, while Non-Institutions held 65.74% stake in the company.

US internet giant Google, a subsidiary of parent Alphabet, is reportedly in discussion with Just Dial to acquire its business. Both the companies entered into exclusive talks about two months ago. Google has expanded its offers in India to include business listings with Google Maps, too.

Just Dial is one of the leading local search engines in India. It provides users search services with information and user reviews from its database of local businesses, products and services across India.

Peers
Company Name CMP
Sagility 45.15
Prime Focus 329.90
Knowledge RealtyTrt. 113.55
Indegene 598.50
Syngene Internatl. 383.15
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