ICICI Direct has given Buy recommendation for Just Dial with a target price of Rs. 960 in its research report issued on Oct 25, 2021

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 continue to remain positive and retain our BUY rating on the stock We value JDL at Rs 960 i.e. 24x P/E on FY23E EPS

 

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