ICICI Direct has given Hold recommendation for Just Dial with a target price of Rs. 900 in its research report issued on May 04, 2022

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.

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