Just Dial shares surge over 13% on launch of new search app

Just Dial shares surged over 13 per cent on Monday after the company informed stock exchanges that it has launched its latest Android App ‘Search Plus’ on the Google Play Store for users. The company has also submitted its new iOS App to Apple App Store and is expected to go live shortly.

The share price of Just Dial gained 13.52 per cent at Rs 926.75 on Monday.

The company has also submitted its new iOS App to Apple App Store and is expected to go live shortly. Just Dial’s new visually appealing multi-purpose Search Plus app is aimed at enhancing experience for its users by providing a one-stop online solution for a variety of user requirements pertaining to information retrieval, search and online transactions.

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According to market analysts, “Search Plus launch is positive for Just Dial stocks; it would help company to generate incremental revenues from non monetised vendors in the medium term.”

For the quarter ended June 2015, the company posted revenue of Rs 168.62 crore, up 24.88 per cent, against Rs 135.03 crore in the corresponding quarter a year ago. Net profit of Just Dial jumped 18 per cent year-on-year to Rs 33.17.

(With inputs from Reuters)