Just Dial hits a life time low
By
Research Desk
about 8 years ago
Just Dial, ever since it posted its disappointing Q3 numbers seems to never lose its position from amongst the top losers. The stock hit a life time high at Rs.493.75 and remains firmly in the red.
For Q3FY16, the company posted a 16% (YoY) drop in net profit at Rs.27 crore and this was on a slow down in revenue growth – it grew just 11% at Rs.171 crore – the lowest growth since listing.
Today, the stock price has fallen below its Qualified Institutional Buyers (QIB) price of Rs.530 and its IPO price to retail investor was at Rs.483.