Just Dial shares surge 10% on advertisement agreement for IPL

The company has signed an advertising agreement with broadcaster Star for advertising as 'Co-Presenting Sponsor' in Indian Premier League, to be held in April-May 2021

Shares of Just Dial, on Monday, were locked in 10 per cent upper circuit at Rs 963.60 on the BSE after the company said it has entered into an advertising agreement for IPL. The stock of India’s leading local search engine company was trading close to its 52-week high of Rs 1,063, hit on March 3.

In the past month, Just Dial's stock outperformed the market by surging 50 per cent, as compared to 1.6 per cent decline in the S&P BSE Sensex. Till 02:23 pm, a combined 3.5 million equity shares had changed hands on the counter on