Just Dial shares rally 8% on expansion buzz

Aug 04 2014, 19:13 IST
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SummaryShares of search engine firm Just Dial surged 8 per cent today amid reports of the company's plans to expand in United Kingdom and United Arab Emirates.

Shares of search engine firm Just Dial surged 8 per cent today amid reports of the company's plans to expand in United Kingdom and United Arab Emirates.

Just Dial's scrip soared 7.73 per cent to settle at Rs 1,821.95 on the BSE. During the day, it rallied 8.49 per cent to Rs 1,834.95 -- its 52-week high.

At the NSE, it zoomed 8.06 per cent to end at Rs 1,826.

On the volume front, 1.42 lakh shares of the company changed hands at the BSE, while over 7 lakh shares were traded at the NSE during the day.

According to media reports, Just Dial will launch in United Kingdom next month and then by October in the United Arab Emirates, after which it will look to expand into South East Asia.

Meanwhile, in the stock market, the BSE benchmark Sensex rose by 242.32 points to settle at 25,723.16.

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