Just Dial jumped 5.34% to Rs 1,335.95 at 14:46 IST on BSE ahead of the stock's inclusion in the FTSE All Cap index starting 23 December 2013.
Meanwhile, the BSE Sensex was up 231.15 points, or 1.12%, to 20,939.77.
On BSE, so far 2 lakh shares were traded in the counter, compared with an average volume of 1.84 lakh shares in the past one quarter.
The stock hit a high of Rs 1,361 and a low of Rs 1,269 so far during the day. The stock hit a record high of Rs 1,440 on 20 November 2013. The stock hit a record low of Rs 588.85 on 6 June 2013.
The stock had outperformed the market over the past one month till 19 December 2013, rising 5.42% compared with the Sensex's 0.87% fall. The scrip had also outperformed the market in past one quarter, surging 64.57% as against Sensex's 0.30% rise.
The mid-cap company has an equity capital of Rs 70.07 crore. Face value per share is Rs 10.
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An inclusion in global benchmark indices such as FTSE prompts buying from passive trackers of the FTSE indices.
FTSE, which is a part of the London Stock Exchange Group, is a world-leader in providing global index and analytical solutions. FTSE indices are used extensively by a range of investors such as consultants, asset owners, fund managers, investment banks, stock exchanges and brokers.
Just Dial's net profit rose 97.93% to Rs 28.66 crore on 28.56% rise in net sales to Rs 112.66 crore in Q2 September 2013 over Q2 September 2012.
Just Dial debuted on the stock exchanges on 5 June 2013. On that day, the stock settled at Rs 611.45 on BSE, a premium of 15.37% over the initial public offer price of Rs 530 per share. Just Dial's IPO closed on 22 May 2013. It received bids for 15.77 crore shares. The IPO price band was set at Rs 470 to Rs 543 per share. The company priced the IPO at Rs 530 per share, but offered a discount of Rs 47 on the issue price to retail 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).
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