Just Dial rose 4.08% to Rs 589 at 10:36 IST on BSE on bargain hunting after the stock fell 29.33% in the preceding five trading sessions to Rs 565.90 yesterday, 1 February 2016, from a recent high of Rs 800.80 on 22 January 2016.
Meanwhile, the BSE Sensex was up 48.09 points, or 0.19%, to 24,872.92.
On BSE, so far 2.79 lakh shares were traded in the counter, compared with an average volume of 1.38 lakh shares in the past one quarter. The stock hit a high of Rs 591.50 and a low of Rs 566.50 so far during the day. The stock hit a 52-week high of Rs 1,581.20 on 3 February 2015. The stock hit a record low of Rs 544 on 1 February 2016. The stock had underperformed the market over the past one month till 1 February 2016, sliding 33.35% compared with 5.11% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 29.80% as against Sensex's 6.87% fall.
The mid-cap company has an equity capital of Rs 70.52 crore. Face value per share is Rs 10.
The recent slump in Just Dial shares was triggered by the company's weak Q3 December 2015 results. Just Dial's net profit fell 16.02% to Rs 26.99 crore on 14.58% increase in total income to Rs 180.90 crore in Q3 December 2015 over Q3 December 2014. The result was announced during trading hours on 28 January 2016.
Shares of Just Dial slumped 8.50% to Rs 717.95 on 28 January 2016. The stock fell 27.88% in three sessions to Rs 565.90 yesterday, 1 February 2016, from Rs 784.65 on 27 January 2016.
Just Dial started offering local search services in 1996 under the Just Dial brand and is now the leading local search engine in India.
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