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Hold Matrimony.com; target of Rs 810: ICICI Direct

ICICI Direct recommended hold rating on Matrimony.com with a target price of Rs 810 in its research report dated May 14, 2022.

May 14, 2022 / 01:53 PM IST
 
 
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ICICI Direct's research report on Matrimony.com


Matrimony.com (Matrimony) is one of the leading providers of online matchmaking services. The company also provides post marriage services. Apart from a common website, the company operates ~300 community matrimony sites and 15 regional matrimony sites • Net debt free and only profitable player among its peers.



Outlook


We maintain HOLD rating on the stock. We value Matrimony at Rs 810 i.e. 22x P/E FY24E EPS.

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first published: May 14, 2022 01:53 pm
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