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Hold Just Dial; target of Rs 900: ICICI Direct

ICICI Direct recommended hold rating on Just Dial with a target price of Rs 900 in its research report dated May 04, 2022.

May 05, 2022 / 02:01 PM IST
 
 
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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 change our rating from BUY to HOLD. We value JDL at Rs 900 i.e. 23x P/E on FY24E EPS.


For all recommendations report, click here

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first published: May 5, 2022 02:01 pm
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