FIIs hiked their stake in the company to 21.85% in September quarter from 14.85% as on June 5, 2013.
Shares of Just Dial have rallied over 11% to Rs 1,068 on NSE, also new high since its listing, on back of strong buying by the foreign institutional investors (FIIs).
The stock opened at Rs 962 and has seen a combined around 800,000 shares changing hands on the counter till 1135 hours on NSE and BSE.
FIIs have extended their buying streak to a second consecutive quarter with a total overseas investors holding in the company increased substainally since its listing on Jun 5, 2013.
FIIs hiked their stake in the company by over 3 percentage points to 21.85% in September quarter from 25.34% at the end of June quarter. FIIs held 14.85% stake at time its listing on June 5, 2013.
Meanwhile, the board of directors of the company is schedule to meet on Friday, October 25 to discuss the new business opportunities available to the company along with the unaudited financial results for the quarter ended September 30, 2013, Just Dial said in a regulatory filing.
The board will also discuss an order received from Government of Karnataka permitting the company to establish an IT/ITES - BPO and Software Development Centre at IT/ ITES Park in Bangalore.
Shares of Just Dial have rallied over 11% to Rs 1,068 on NSE, also new high since its listing, on back of strong buying by the foreign institutional investors (FIIs).
The stock opened at Rs 962 and has seen a combined around 800,000 shares changing hands on the counter till 1135 hours on NSE and BSE.
FIIs have extended their buying streak to a second consecutive quarter with a total overseas investors holding in the company increased substainally since its listing on Jun 5, 2013.
FIIs hiked their stake in the company by over 3 percentage points to 21.85% in September quarter from 25.34% at the end of June quarter. FIIs held 14.85% stake at time its listing on June 5, 2013.
Meanwhile, the board of directors of the company is schedule to meet on Friday, October 25 to discuss the new business opportunities available to the company along with the unaudited financial results for the quarter ended September 30, 2013, Just Dial said in a regulatory filing.
The board will also discuss an order received from Government of Karnataka permitting the company to establish an IT/ITES - BPO and Software Development Centre at IT/ ITES Park in Bangalore.
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