Shares of companies engaged in online retail portals and e-commerce business such as Just Dial and Info Edge (India) are in focus and rallied up to 14% in otherwise subdued market on the Bombay Stock Exchange (BSE).
Info Edge (India), the owners of Naukri.com which operates as an on-line classifieds company, has surged 14% to Rs 477 on back of heavy volumes on BSE.
The stock has rallied 25% in past two weeks, after the company said it has made additional investments in Zomato Media Private Limited. Zomato Media owns and operates an online food guide portal Zomato.com.
Shares of online listings and contacts provider Just Dial too, surged over 7% at Rs 1,290 on BSE. The stock opened at Rs 1,210 and touched high of Rs 1,300, also its record high since listing June this year.
The stock has rallied 27% in past four trading sessions on reports that the company is developing in-house software across verticals such as electronics, eatery & show bookings and is planning to rent this on a pay-per-use basis to vendors.
Meanwhile, the Business Standard report suggests that the majority of the private equity (PE) investments have gone into online retail portals and e-commerce websites which have seen close to $1 billion being pumped in since 2012 via 117 deals.
Info Edge (India), the owners of Naukri.com which operates as an on-line classifieds company, has surged 14% to Rs 477 on back of heavy volumes on BSE.
The stock has rallied 25% in past two weeks, after the company said it has made additional investments in Zomato Media Private Limited. Zomato Media owns and operates an online food guide portal Zomato.com.
Shares of online listings and contacts provider Just Dial too, surged over 7% at Rs 1,290 on BSE. The stock opened at Rs 1,210 and touched high of Rs 1,300, also its record high since listing June this year.
The stock has rallied 27% in past four trading sessions on reports that the company is developing in-house software across verticals such as electronics, eatery & show bookings and is planning to rent this on a pay-per-use basis to vendors.
Meanwhile, the Business Standard report suggests that the majority of the private equity (PE) investments have gone into online retail portals and e-commerce websites which have seen close to $1 billion being pumped in since 2012 via 117 deals.
