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Just Dial slumps over 18% in two sessions

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Just Dial fell 11% to Rs 639 at 11:29 IST on BSE, extending yesterday's 8.50% slide triggered by the company's weak Q3 December 2015 results.

The result was announced during trading hours yesterday, 28 January 2016.

Meanwhile, the BSE Sensex was up 194.37 points, or 0.79%, to 24,663.94.

On BSE, so far 4 lakh shares were traded in the counter, compared with an average volume of 1.16 lakh shares in the past one quarter. The stock hit a high of Rs 725 so far during the day. The stock hit a low of Rs 625.55 so far during the day, which is also a 52-week low for the counter. The stock hit a 52-week high of Rs 1,592.35 on 29 January 2015. The stock had underperformed the market over the past one month till 28 January 2016, sliding 16.28% compared with 6.01% decline in the Sensex. The scrip had also underperformed the market in past one quarter, falling 25.56% as against Sensex's 9.51% fall.

 

The mid-cap company has an equity capital of Rs 70.52 crore. Face value per share is Rs 10.

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.

Shares of Just Dial slumped 8.50% to Rs 717.95 yesterday, 28 January 2016. The stock has fallen 18.56% in two sessions 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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First Published: Jan 29 2016 | 11:30 AM IST

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