Ambareesh Baliga of Edelweiss Financial Services told CNBC-TV18, "Retail investors are making about 25-26 percent on Just Dial, whereas initially we expected them to make only about 12-15 percent. So at these levels, they should exit because valuations are extremely stretched."
He further added, "One needs to talk about FY15 and FY16 multiples to justify buying at these levels. So clearly people should book out at these levels."Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
