Mumbai: Mukesh Ambani’s Reliance Retail has decided to buy Just Dial to boost its business. Negotiations are going on between the two companies. Just Dial shares are trading higher since this news. Investors are giving good returns after a rally of around 3 per cent. Since then, the company has delivered almost double returns to investors as Just-Dial is listed on the stock market.
Let us tell you that Just Dial’s IPO came in 2013. Whereas it was listed in the market on 5 June 2013. When the shares of the company opened, its price was Rs 590. But today the price has crossed Rs 1100. That is, in 8 years, the company’s stock has returned almost double to the investors. Whereas its shares have given returns of 10 per cent in one month and more than 70 per cent this year. From this it can be clearly estimated that Just Dial Market is leaving no stone unturned to return the investors.
At the same time, as soon as the Corona period came, the company has given a return of about 200 percent in the last one year. About a year ago, the share price of the company was around Rs 400,1100,700 per share. According to experts, the prices may increase further in the coming days.