ICICI Direct has given Buy recommendation for Just Dial recommended buy rating on the stock with a target price of Rs 715 in its research rep with a target price of Rs. 715 in its research report issued on Oct 18, 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 HOLD to BUY. We value JDL at Rs 715 i.e. 23x P/E on FY25E EPS.