We had recommended the stock of Just Dial in volume no 34, issue no 36 (dated 25 June, 2018) when the scrip was trading at Rs. 564.8. The company recently announced its second quarter numbers for FY19. Its revenue during the quarter improved almost 14 per cent yoy to Rs. 221 crore, while its EBITDA surged by almost 45 per cent yoy to Rs. 57.5 crore. The company’s net profit grew by almost 29 per cent yoy to Rs. 48.4 crore. The company’s cash and investments stood at a healthy level of Rs. 1,358.5 crore as on September 30, 2018. The shift in classified advertising from print media to online along with rising internet usage are likely to drive growth for Just Dial. Considering robust cash surplus and healthy quarterly numbers, we urge our investors to HOLD on to this scrip.