Just Dial’s shares reached 8-year high, Amitabh Bachchan had also placed a bet

Shares of Just Dial have reached a high of 8 years. The company’s shares reached Rs 1238 on Thursday, July 18 in the National Stock Exchange (NSE) with a stormy rise of 20 percent. The company’s shares have reached Rs 1242.30 in Bombay Stock Exchange. The company’s shares are at the highest level since 2016. This sharp rise in Just Doyle’s shares comes after achieving the highest ever revenue and net profit in the June 2024 quarter. Shahenshah of Bollywood Amitabh Bachchan had also bet on Just Doyle. Bachchan was given shares of the company at the price of Rs 10 in the year 2011.

Record revenue of Rs 280 crore
Just Dial has achieved record revenue in the June quarter of the current financial year. The company’s revenue in the June 2024 quarter was Rs 280.6 crore. The company’s revenue has increased by 13.6 percent compared to the same period a year ago. At the same time, Just Doyle has made a profit of Rs 141.2 crore in the first quarter of the current financial year. There has been a 69.3% jump in the company’s profits on an annual basis. The market cap of Just Doyle is Rs 10564 crore.

Amitabh Bachchan had bought the company’s shares at a price of Rs 10.
Just Dial had stated in its IPO prospectus that Amitabh Bachchan was given 62,794 shares at a price of Rs 10 per share in the year 2011. The value of Bachchan’s 62,794 shares was Rs 6.27 lakh. On the day of listing of Just Doyle shares, the value of these shares had increased to Rs 3.83 crore. The company’s shares were listed at Rs 611.45. After this, the value of these shares reached Rs 10 crore. It is not clear whether Amitabh Bachchan has maintained his investment in Just Dial or not. His name is not in the shareholding pattern for the June 2024 quarter.