 "Just Dial hits new high, joins club of 100 most valuable companies")
Shares of Just Dial has soared 10% to Rs 1,774, also its record high on the BSE, on back of heavy volumes. The counter has seen huge trading activity with a combined 1.53 million shares representing 3.26% of total free-float equity of the company changed hands till noon deals on the NSE and BSE.
Since December 9, 2013, the stock has rallied nearly 60% from Rs 1,120 on the BSE after index compiler FTSE said it will include the stock in its FTSE AllCap index, effective from the start of trading on December 23. The benchmark index S&P BSE Sensex has gained 0.50% during the same period.
A sharp rally in shares of Just Dial has helped the company to make its entry into the list of the top-100 most valuable companies by market capitalization.
With a market capitalisation of Rs 12,430 crore, Just Dial now features at 99th rank in the list, ahead of the public sector lender Canara Bank, Bajaj Finserv, Bhushan Steel, Jaiprakash Associates and LIC Housing Finance.
Just Dial, which listed on the stock exchanges in June 2013, has seen its market price appreciation of nearly four-fold. The company had issued shares at price of Rs 477 per share to retail investors and offered shares at price of Rs 530 for institutional investors.
Just Dial provides local search related services to users in India through multiple platforms such as internet, mobile internet, over the telephone (voice) and text (SMS).
Since December 9, 2013, the stock has rallied nearly 60% from Rs 1,120 on the BSE after index compiler FTSE said it will include the stock in its FTSE AllCap index, effective from the start of trading on December 23. The benchmark index S&P BSE Sensex has gained 0.50% during the same period.
A sharp rally in shares of Just Dial has helped the company to make its entry into the list of the top-100 most valuable companies by market capitalization.
With a market capitalisation of Rs 12,430 crore, Just Dial now features at 99th rank in the list, ahead of the public sector lender Canara Bank, Bajaj Finserv, Bhushan Steel, Jaiprakash Associates and LIC Housing Finance.
Just Dial, which listed on the stock exchanges in June 2013, has seen its market price appreciation of nearly four-fold. The company had issued shares at price of Rs 477 per share to retail investors and offered shares at price of Rs 530 for institutional investors.
Just Dial provides local search related services to users in India through multiple platforms such as internet, mobile internet, over the telephone (voice) and text (SMS).