Thursday, 29 October 2015

Just Dial Share Price Falls Over 11% On Lower Than Expected Q2 Results : 29 Oct 2015



Just Dial share price slid as much as 12 per cent on Thursday after the company reported lower-than-expected second quarter earnings on Wednesday post market hours. For the quarter ended September 30, 2015, the company posted net profit of Rs 46.30 crore, up 47.03 per cent, against Rs 31.49 crore in the corresponding quarter a year ago. Net sales of the company jumped 16.19 per cent year-on-year to Rs 171.27 crore. The share price of Just Dial closed 11.37 per cent down at Rs 854.75 on Thursday. "Just Dial reported 2Q results that were below our expectations on both revenues and margins but ahead on PAT, driven by higher other income. We believe the stock will react negatively on these results, given the paid listings grew by a meagre 0.8 per cent q-q (vs est. of 6 per cent q-q), which led to the revenue disappointment," said, Nomura in a research report. The promoters holding in the company stood at 32.58 per cent while institutions and non-institutions held 42.64 per cent and 22.54 per cent respectively. Just Dial is one of the leading local search engines in India. It provides users search services with information and user reviews from its database of local businesses, products and services across India.

About

Parag Patil is a technical analyst and trading system designer with stock excel programmer. I hope the articles and live chart of nse future and mcx on this Website will be as helpful and profitable to you . I try to update and post new articles tips everyday. My motto is to encourage the traders, so that they should able to understand the technique views behind the moment of stocks. I have deeply analyzed with many technical indicator with parameter and added to my amibroker afl. And even taken backtest report which is never being implemented. Any of the analyst expect me. Seeing all this you may understand that my views is more technical than commercial. If you are profited by my views I fill happy.

0 comments:

Dear Friends,
Sorry to say that you are suffered for the chart initially available, now they are restored and you can very well see the chart on money99.org similar to money99.in.
And all of you are intimated that we are going to develop more and more in money99.org to facilitate your dreamy demands.

Latest updates tips : Follow

© Copyright 2015 Money99. Designed by Parag Patil