Just Dial Shares Gets ‘Buy’ Upgrade From ICICI Securities Post Q3 Results
ICICI Securities has upgraded Just Dial shares to ‘Buy’, citing attractive valuations after the recent price correction. The brokerage kept its target price unchanged at Rs 968, valuing the stock at 6x FY27E EV/EBITDA (implied five times FY28E).
Q3 FY26 Results: Revenue Growth and Margin Expansion
In Q3 FY26, Just Dial reported 6.4% YoY revenue growth, with Ebitda margin expanding by 102 basis points YoY, driven by lower employee costs following headcount reductions in Q2. This improvement in profitability is a positive sign for investors, indicating the company’s ability to adapt to changing market conditions.
Analysis: Attractive Valuations and Growth Prospects
The upgrade by ICICI Securities reflects the attractive valuations of Just Dial shares after the recent price correction. With a target price of Rs 968, the stock offers a potential upside for investors looking to capitalize on the company’s growth prospects. The valuation of 6x FY27E EV/EBITDA implies a reasonable price for the stock, considering the industry average and the company’s financial performance.
Indian Stock Market: Trends and Insights
The Indian stock market has been experiencing volatility in recent times, with the Nifty and Sensex indices fluctuating in response to global economic trends and domestic factors. However, the upgrade of Just Dial shares by ICICI Securities suggests that there are still opportunities for growth and investment in the market.
Investing in Indian Stocks: Tips and Strategies
For Indian investors looking to invest in the stock market, it is essential to stay informed about the latest trends and developments. Staying up-to-date with market news and analysis can help investors make informed decisions and maximize their returns. Additionally, adopting a long-term approach and diversifying one’s portfolio can help mitigate risks and achieve long-term financial goals.
Conclusion: Just Dial Shares Offer Attractive Valuations and Growth Prospects
In conclusion, the upgrade of Just Dial shares by ICICI Securities is a positive development for investors. With attractive valuations and growth prospects, the stock offers a potential opportunity for investors looking to capitalize on the company’s financial performance. As the Indian stock market continues to evolve, staying informed and adapting to changing trends and developments will be crucial for investors to achieve their financial goals.
