Retail investors earn 100% returns on Just Dial in 4 months

Written By Unknown on Jumat, 04 Oktober 2013 | 16.02

Just Dial since listing has given 100 percent returns to retail investors. Today, the stock hit lifetime high of Rs 950. CNBC-TV18's Reema Tendulkar analyses the stock performance.

The issue price of Just Dial was Rs 530 and investors were given a 10 percent discount, which means retail investors acquired the stock at Rs 477. Today, Just Dial hit its lifetime high of Rs 950. So, taking it from the trough to peak, retailer investors would have made a whooping 100 percent.

Retail investors were also given a safety net which effectively would have protected their capital. With a very little downside, the stock has given nearly 100 percent in the last four months. The stock is now trading at very premium valuation, so its FY14 P/E is about 55 times and FY15 P/E is about 43-44 times.

Also Read: Expect EBITDA margin to fall going ahead, says Just Dial



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