STOCK STORYS

STOCK STORYS

Just Dial�s strengths include an asset-light business model, negative working capital, zero receivables and a debt-free balance sheet. There was cash of Rs 740 crore on the balance sheet end September 2014.

The country�s leading local search engine in mere 17 years after launch of its services operates across multiple platforms including Internet, mobile internet, voice and SMS. With a database of around 11.8 million listings, 1125.7 million searches were addressed from millions of users across platforms in FY 2014.

Also, transactions referred as search plus services have been added to the search platform, enabling small and medium enterprises to expand their businesses. Apart from a corporate office in Mumbai, there is presence in Ahmedabad, Bengaluru, Chandigarh, Chennai, Coimbatore, Delhi, Hyderabad, Jaipur, Kolkata and Pune. Significant institutional investors include Saif Partners, Sequoia Capital, Tiger Global, Morgan Stanley and Goldman Sachs.

The stock has witnessed sustained correction since August 2014, when it reported a 52-week high of Rs 1894, to the current level of Rs 1070. It was hammered in October 2014, when the board of directors passed an enabling resolution to raise up to Rs 1000 crore through issue of equity or equity-linked securities.

SOURCE: CAPITALMARKET

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