Shares of Just Dial advanced nearly 20 percent in early trade on Friday after reports that the internet giant Google is in talks with the local search engine provider to acquire its business.
Just Dial was trading 13.86 per cent up at Rs 522 around 9.35 am (IST) on BSE. The scrip opened at Rs 504.90 and touched a high and low of Rs 549.85 and Rs 504.25, respectively, in trade so far.
Just Dial recently reported around 26.50 percent jump in standalone net profit at Rs 37.5 crore for the September quarter.
It had posted a net profit of Rs 29.6 crore in the corresponding quarter a year ago.
The company’s revenue from operations stood at Rs 194.4 crore in Q2FY18 as against Rs 180.3 crore in the year-ago period, up 7.9 percent.
Just Dial had 10,892 employees at the end of September, 2017 quarter.
The stock had hit 52-week high of Rs 619.45 on March 17, 2017 and 52-week low of Rs 318.20 on December 27, 2016.
On the BSE, 27.18 crore shares were traded in the counter so far, compared with average daily volumes of 5.24 lakh shares in the past two weeks.
Source: Economic Times