Just Dial holds immense potential; Plus Search looks promising: Deven Choksey

In a chat with ET NOW, Deven Choksey, MD, KR Choksey Investment Managers, shares his views on Just Dial.

ET Now: Just Dial had a big move yesterday, 15% in trade because Search Plus has been launched, it was that big overhang which is out of the way, Just Dial may not be back to glory days but do you think it can revert to those mean levels of 1000-1100 that it used to trade at?


Deven Choksey: Though we have relatively a small coverage on this company at this point of time, I believe that this particular business has a potential and the Plus Search, the plus engine which they have developed definitely holds lot of promises. Yet to fully understand what could be potential of this particular business for the company, so would refrain from making any quantified comment on this particular subject but do believe that yes this overhang is out of the way and probably it should help the company eventually for further growth.