Pathik Gandotra of Dron Capital told CNBC-TV18, “In case of Just Dial, stay off the bus. It is extremely expensive. There must be some reason (for such 20 percent rally on Friday), there must be some corporate action, we have heard all kinds of rumours, but I cannot justify buying that stock at these prices. I couldn’t justify buying it even at Rs 800 for that matter.”
The stock closed at a record high of Rs 1,027.50 on Friday, up 20 percent from previous close.
Trading volumes jumped nearly four times to 251,656 shares as compared to its five-day average of 65,041 shares.
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