Hot Pursuit     06-Sep-17
Just Dial advances as HDFC MF purchases bulk shares
Just Dial rose 3.18% to Rs 397 at 9:39 IST on BSE after HDFC Mutual Fund purchased bulk shares of the company via bulk deal mechanism on the National Stock Exchange of India yesterday, 5 September 2017.

Meanwhile, the S&P BSE Sensex was down 156.46 points or 0.49% at 31,653.09. The S&P BSE Small-Cap index fell 34.52 points or 0.21% at 16,158.66.

On the BSE, 2.19 lakh shares were traded on the counter so far as against the average daily volumes of 2.60 lakh shares in the past one quarter. The stock had hit a high of Rs 399.65 and a low of Rs 381 so far during the day. The stock had hit a 52-week high of Rs 619.45 on 17 March 2017 and a record low of Rs 318.20 on 27 December 2016.

The stock had outperformed the market over the past one month till 5 September 2017, advancing 9.4% compared with the Sensex's 1.6% fall. The stock had, however, underperformed the market over the past one quarter, sliding 13.94% as against the Sensex's 1.6% rise. The scrip had also underperformed the market over the past one year, declining 19.61% as against the Sensex's 11.49% rise.

The small-cap company has equity capital of Rs 69.57 crore. Face value per share is Rs 10.

SCI Growth Investments II sold 13.93 lakh shares of Just Dial at Rs 375.27 per share in a bulk deal on the NSE yesterday, 5 September 2017. Sequoia Capital India Growth Investment Holdings I sold 14.94 lakh shares at Rs 375.55 a piece. Sequoia Capital India Investments II sold 7.11 lakh shares at Rs 375.28 per share. HDFC Mutual Fund bought 32.06 lakh shares at Rs 375 per share.

Just Dial's net profit fell 2% to Rs 38.16 crore on 7.8% growth in net sales to Rs 190.04 crore in Q1 June 2017 over Q1 June 2016.

Just Dial is a leading local search engine in India.

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