e-Dynamics Solutions: Sounds like a hi-tech e-commerce company but, hardly has any infrastructure for e-tailing despite having already raised more than Rs 15 cr as equity. Ironically, the so called e-tailing companyâs current activity is dominated by investments, loans and advances!
Shares of Onesource Techmedia closed at Rs 12.40, down Rs 1.60 on Wednesday. Listed at Rs 12.40 on Bombay Stock Exchange (BSE) SME platform.
Shares of Just Dial closed at Rs 611.45, up by 15 percent on Wednesday. It was listed at Rs 590 on the BSE on Wednesday; 11 percent over its issue price of Rs 530 apiece.
Brokerage house Motilal Oswal has maintained 'buy' rating on Just Dial with a price target of Rs 660 per share.
Speaking to CNBC-TV18, a very pleased VSS Mani, founder and chief executive officer of Justdial says he sees a "fantastic opportunity" to grow as internet connectivity, especially on the mobile front, goes on improving.
Ankur Rudra feels that the fair value for Just Dial stock is closer to Rs 440, which is 20-25 percent lower from current levels. Investors who have made money on it should exit the stock now
In an interview to CNBC-TV18, the management tells the company will improve margins by 2-2.5 percent going forward. The service provider company sees increase in traffic towards internet to enhance margins going ahead.
Shares of Just Dial listed at Rs 590 on Bombay Stock Exchange, up 11 percent over its issue price of Rs 530 a share on today.
Shares of Onesource Techmedia listed at Rs 12.40 on the Bombay Stock Exchange (BSE) SME platform, down 11 percent over its issue price of Rs 14 apiece today.
Mumbai-based company Just Dial is going to list its equity shares on exchanges today. The company had fixed the issue price band at Rs 470-543.
The Chennai based company, Onesource Techmedia is going to list its equity shares on Wednesday (June 5) on the BSE SME platform.
New Delhi based company India Finsec has come out with its public issue of 60,00,000 equity shares at the price of Rs 10 per equity share.
S Subramanian of Axis Capital believes that the saftey net measure will help bring retail investors back to the market he opines in an interview to CNBC-TV18.
In a strong investor response, the initial public offer of local search engine Just Dial, the largest offer by an Indian Internet company, was subscribed 11.63 times on the last of issue today.