Just Dial tumbled 5.10% to Rs 385.30 amid profit booking after a recent steep surge.
Shares of Just Dial have added 23.17% in four sessions to end at Rs 406 on Thursday, from its recent closing low of Rs 329.60 recorded on 24 April 2020.
The stock jumped 4.16% to end at Rs 406 on 30 April after the company's board approved the proposal for buyback of up to 31.42 lakh equity shares, at a maximum price of Rs 700 per share payable in cash, for an aggregate maximum amount of up to Rs 220 crore. The announcement was made during market hours on 30 April 2020.
The company's consolidated net profit rose 8.2% to Rs 62.03 crore on 3.8% increase in net sales to Rs 235.42 crore in Q3 December 2019 over Q3 December 2018.
Just Dial provides local search related services to users in India through multiple platforms such as desktop/PC website, mobile site, mobile apps, over the telephone and text.
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