Just Dial rose 1.5% to Rs 1,631.55 at 11:01 IST on BSE after the company said it has received a letter from the Karnataka government allotting 15 acres of land to the company to establish an IT Park at Devanahalli industrial area in Bangalore.
The announcement was made before market hours today, 30 September 2014.
Meanwhile, the S&P BSE Sensex was up 23.33 points or 0.09% at 26,620.44.
On BSE, so far 5,603 shares were traded in the counter as against average daily volume of 32,570 shares in the past one quarter.
The stock hit a high of Rs 1,644.40 and a low of Rs 1,621 so far during the day. The stock had hit a record high of Rs 1,894.70 on 5 August 2014. The stock had hit a 52-week low of Rs 826 on 30 September 2013.
The large-cap company has equity capital of Rs 70.17 crore. Face value per share is Rs 10.
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Just Dial said that it has received a letter from the government of Karnataka dated 26 September 2014 allotting 15 acres of land to the company, on a leasehold basis for a period of 99 years, to establish an IT/ITES-BPO and software development centre (IT Park) at Devanahalli industrial area in Bangalore. The allotment of land to the company is subject to various terms and conditions, including those related to payment of consideration and achievement of construction and other milestones for setting up the IT Park, Just Dial said. The company is currently evaluating the letter and is in the process of placing the proposal before the board of directors for consideration and approval, Just Dial said.
Just Dial's net profit rose 0.3% to Rs 28.11 crore on 29.1% growth in net sales to Rs 135.03 crore in Q1 June 2014 over Q1 June 2013.
Just Dial provides local search related services to users in India through multiple platforms such as the internet, mobile internet, over the telephone (voice) and text (SMS).
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