ICICI Direct's research report on Just Dial
Just Dial (JDL) generates revenues from advertisers on various subscription and fee-based packages. Reliance Retail Ventures now holds a 67% stake in JDL • JDL’s launch of B2B platform will be a key revenue driver in the long run.
Outlook
We maintain our BUY rating on the stock. We value JDL at Rs 780 i.e. 20x P/E on FY25E EPS.
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