 "Just Dial gains over 2% on increase in FII stake")
Shares of Just Dial are trading higher by over 2% to Rs 1,602 on the BSE after the Reserve Bank of India (RBI) on Thursday allowed overseas investors to buy up to 75% in the company under the portfolio investment scheme (PIS).
Just Dial is an Indian company providing search services all over India, over the Phone, Web, Mobile and SMS. Users are required to call a common number and simply tell the human operator what service they are looking for. Text and email alerts are then sent to users listing the best options around them.
The stock opened at Rs 1,600, touched a high of Rs 1,621 and a low of Rs 1,594 on the BSE. A total of 17,896 shares have exchanged hands on the BSE so far.