Hold Just Dial, says Avinnash Gorakssakar

Avinnash Gorakssakar, Market Expert told CNBC-TV18, "Just Dial is making all round efforts to increase its topline from its new products and there is decent amount of cash on the books but what the market is looking at is the growth kind of momentum whether it will come back."

He further added, "One should hold on for at least next three-six months because there are definitely chances that new products could possibly rescue the company and possibly we could see some sort of an uptick hopefully if these new products take off. So I would believe that at least till September one should hold on."

"Our sense is that looking at the balance sheet and the kind of cash position and the kind of potential for new products, I think it is better to hold on rather than to book out," he said.