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Just Dial shares surged 13% to Rs 1,010, supported by strong financial performance. EBITDA increased to Rs 70.6 crore, with total active listings at 43.6 million. The launch of JD Mart platform targets India\’s manufacturers, distributors, and wholesalers.
The Adani family previously invested Rs 5,000 crore in the company on October 18, 2022, and Rs 6,661 crore on March 28, 2024. With the latest investment, it has completed Rs 20,000 crore planned infusion, the company said in a statement on Wednesday.
Domestic markets shut for Ram Navami. MCX trades normally but settlement holiday affects account credits. 2024 has 14 holidays, including Muharram and Gurunanak Jayanti.
Nishit Master predicts Nifty50 at 24000 with high single-digit returns. Post-election policy uncertainty poses a risk. Geopolitical tensions may affect energy prices and Rupee, impacting the bull rally.
While noting that the reforms in crude and gas pricing have improved the company\’s profitability above past decade averages, Jefferies expects strong free cash flow generation and consolidated net debt reduction on profitable production growth over FY 24-26.
JPMorgan’s financing-solutions department in India, headed by Nitin Rungta, is reaching out to potential investors on behalf of the metals and mining company, according to people who asked not to be identified as the information is private. Those investors include global private credit funds, they said.