Analyst's Diary: This cash-rich consumer tech stock is an anomaly

Remember Amitabh Bachchan's '888-88-888-88' TV ad slogan from 2016? It put Just Dial on the map as India's leading local search engine, connecting millions of consumers to small businesses or SMEs (small and medium enterprises). Today, backed by Reliance Industries, which holds 67 per cent in the company, the online search service provider could prove to be a dividend goldmine in an industry often rife with cash burn.