Stocks News

Just Dial shares climb up 6 percent on signing advertising agreement with Star India for IPL

On Sunday, Internet company Just Dial Limited announced that it has inked a pact with broadcaster Star India.

This is for advertising as co-presenting sponsor during Indian Premier League (IPL) – 14.

Moreover, Just Dial share rose over 6 percent in early trade today post this announcement.

Further, the company on February 24 had informed about the launch of its B2B portal, Jd Mart, across various platforms.

Jd Mart is an exclusive B2B portal for a new wholesale experience. B2B buyers can discover quality vendors offering a wide selection of products to choose from.

It is spread across various categories to suit all their B2B needs.

However, the stock of Just Dial surged 98 percent in one year and gained 47 percent since the beginning of this year.

In a month, the stock has gained 45 percent while the market cap of the firm rose to Rs 5,774 crore on BSE.

Just Dial provides local search related services to users in India through multiple platforms.

This includes Desktop/ PC website, mobile site and mobile apps such as Android, iOS, Windows, over the telephone and text.

Meanwhile, Tata Digital is in talks with Just Dial to form a strategic alliance or pick up stake. This is a part of the Mumbai-based group’s aim to enter the e-commerce segment.

Moving forward, Just Dial stock was trading at Rs 934.20, scaled up Rs 58.20, or 6.64 percent at 09:53 hours.

It has successfully reached an intraday high of Rs 950 besides an intraday low of Rs 925, respectively.

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