Just Dial shares extended their winning streak to a fifth straight session on Thursday. Shares in the internet search provider are up around 25 per cent during this period.
Just Dial ended 4.1 per cent higher at Rs. 1,745.
Just Dial is one of the few Initial Public Offer (IPO) success stories in recent times, where investors have netted handsome returns. The stock, which started trading in June last year, was issued at Rs. 530 to retail investors.
Just Dial’s management said traffic growth has improved in the current quarter and the company’s new app has got good response from customers.
Just Dial also seems to be benefitting from the buzz after Facebook’s whooping $19 billion acquisition of WhatsApp. Ramkumar Krishnamachari, CFO of Just Dial, told that for now the Indian search provider is focusing on new products to deepen the company’s engagement with users.