Just Dial Ltd (535648) Increases 0.32% on Oct 15

October 15, 2017 - By Dolores Ford

Shares of Just Dial Ltd (BOM:535648) last traded at 411.55, representing a move of 0.32%, or 1.3 per share, on volume of 174,452 shares. After opening the trading day at 413, shares of Just Dial Ltd traded in a close range. Just Dial Ltd currently has a total float of 67.33 million shares and on average sees shares exchange hands each day. The stock now has a 52-week low of 318.2 and high of 619.45.

BSE & NSE: Asia’s Leading Stock Exchanges

India is one of the reasons that the Asian economy is immensely growing today. While its corporate sector’ representing about 14% of the national gross domestic product (GDP)’ is far smaller than that of the US’ representing about 70% of the national GDP, India has all the capabilities to remain as competitive as any other economy.

What Drives India’s Economy?

A nation’s equity market is very telling of its own success. In India, it is the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) that do the telling of the country’s economic prowess.

The BSE is the world’s 11th biggest stock exchange and also one of the fastest stock exchanges. As of January 23, 2015, it has a total market capitalization of $1.70 trillion. The BSE has a speed of six microseconds.

The SENSEX 30 is the benchmark index of the BSE. It weighs the 30 best-performing and most actively traded companies on the BSE with a base value of 100. Here, stocks are measured based on depth, floating-stock-adjustment depth, industry representation, liquidity, and market capitalization.

On the other hand, the NSE is owned and operated by the Indian Index Services and Products (IISP), supporting 230,000 terminals nationwide. Just Dial Ltd is a stock traded on the Indian stock exchange.

The NIFTY is the benchmark index of the NSE. It weighs the 50 best-performing and most actively traded stocks across 24 sectors on the NSE with a base value of 1,000. Consequently, it is a broader representation of the Indian corporate sector than the SENSEX 30.

Historical Feats

The BSE was established in 1875, bringing Asia its first stock exchange. It is also the first entity to be granted with a permanent acknowledgement under India’s Securities Contract Regulation Act of 1956.

On July 25, 1990, the BSE first reached a four-digit figure. On October 11, 1999, upon the victory of the Bhartiya Janta Party in the General Elections, it first reached the 5,000 mark. On February 6, 2006, it first reached the 10,000 mark. On December 11, 2007, shortly before the 2008 Global Financial Crisis, the BSE first reached the 20,000 mark. On January 21 and 22, 2008, it first lost more than 2,000 points in just two consecutive days.

On March 4, 2015, the BSE first reached the 30,000 mark. On August 24, 2015, it had once again recorded one of its worst sessions, losing 1,741 points after the devaluation of the Yuan. Chinese stocks had also fallen nearly 9% during that day, shaking the entire Asian market. Just Dial Ltd has relatively good liquidity.

Meanwhile, the NSE was established in 1992 as the first stock exchange in India with a fully electronic trading system. It paved way to the Indian equity market eventually embracing an electronic stock exchange platform, which is faster and more convenient’ thereby entirely improving trade and commerce in the country.

Evidently, the BSE and the NSE are two of the most successful stock exchanges in the world. It goes without saying that investing in India is associated with promising returns. Professional analysts might be interested how this will affect Just Dial Ltd.

More notable recent Just Dial Ltd (BOM:535648) news were published by: Economictimes.Indiatimes.com which released: “Justdial announces Rs 84 crore share buyback offer” on July 25, 2017, also Economictimes.Indiatimes.com with their article: “HDFC Mutual Fund buys 4.6% stake in Just Dial” published on September 05, 2017, Economictimes.Indiatimes.com published: “Just Dial gains 2% as CLSA sees better growth potential” on September 19, 2017. More interesting news about Just Dial Ltd (BOM:535648) were released by: Economictimes.Indiatimes.com and their article: “Just Dial surges as HDFC MF purchases bulk shares” published on September 06, 2017 as well as Economictimes.Indiatimes.com‘s news article titled: “Buy Just Dial, target Rs 430: Manas Jaiswal” with publication date: September 19, 2017.

Just Dial Limited is a local search engine company. The company has market cap of $27.86 billion. The Firm is engaged in providing search and related services. It has a 21.03 P/E ratio. It is also engaged in other information service activities.