Just Dial shares freeze at 10% upper circuit in a weak market

Shares of Just Dial were frozen at the 10 per cent upper circuit limit at Rs 642.25 on the BSE in an otherwise weak market on Monday. In comparison, the S&P BSE Sensex was down 1.4 per cent or 569 points at 40,117 at 03:12 pm.

A combined around 9 million equity shares changed hands and there were pending buy orders for 114,000 shares on the NSE and BSE, the exchange data shows.

The stock was trading close to its 52-week high of Rs 646, touched on October 25, 2019. In the past month, it has rallied 72 per cent, as compared to a 7.4 per cent rise in the S&P BSE Sensex.

Anita Mani, promoter and director had purchased 679,677 equity shares of Just Dial for Rs 25.33 crore between September 25 and September 30, 2020, according to a disclosure made by the company to the stock exchange. The names of sellers were not ascertained immediately.