On a single day trading on Monday 8th March, Just Dial went up by 10% in the wake of launch of new app and news of a strong strategic partner alliance.
Just Dial is an Online Search Engine for local business.
Google and Facebook are the biggest competitors in the search engine business and so are the biggest competitors for Just Dial as well. There is substantial difference in terms of Market Capitalization of the concerned business and hence will always remain a risk factor for Just Dial
New Developments in Just Dial:
Just Dial has launched an app named ‘JD Mart’ for B2B business. It will be great to watch, whether this step by the company will be successful or not.
Another positive sign which can work in favor for a company is that it is totally a debt free company.
Moreover, the market has reacted greatly to the company’s efforts for a Strategic Partner alliance, wherein comes the name of Tata Group.
In this play of lookout for strategic alliance partner, Tata Digital may come forward and can form a strategic alliance with Just Dial for pushing their vision of bringing their consumer business altogether under one app ‘Super App’.
Tata Group has recently acquired majority stake of around 68% in an online grocery platform “BigBasket” for Rs. 9,500 crores (approx.)
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