Just Dial Shares Gets ‘Buy’ Upgrade From ICICI Securities Post Q3 Results
ICICI Securities has upgraded Just Dial 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).
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.
Q3 Results Analysis
The Q3 results of Just Dial indicate a positive trend in the company’s financial performance. The revenue growth of 6.4% YoY is a significant improvement from the previous quarter. The expansion of Ebitda margin by 102 basis points YoY is also a positive sign, driven by the company’s efforts to reduce costs.
The target price of Rs 968 set by ICICI Securities implies a significant upside potential for the stock. This upgrade is likely to boost investor sentiment and attract fresh investment into the stock.
Indian Stock Market Outlook
The Indian stock market has been volatile in recent times, with the Nifty today trading near its all-time highs. The Sensex news has been dominated by the Q3 results of various companies, with some stocks showing significant improvement in their financial performance.
The Indian stock market is expected to remain volatile in the near term, with the Q3 results of various companies being closely watched by investors. The investing in stock market requires a long-term perspective and a thorough analysis of the company’s financial performance.
Investment Strategy
The upgrade of Just Dial to ‘Buy’ by ICICI Securities is a positive sign for investors. However, it is essential to have a long-term perspective and a thorough analysis of the company’s financial performance before making any investment decisions.
The stock market analysis requires a deep understanding of the company’s financial performance, industry trends, and macroeconomic factors. The investing strategies should be tailored to the individual investor’s risk profile and investment goals.
Conclusion
In conclusion, the upgrade of Just Dial to ‘Buy’ by ICICI Securities is a positive sign for investors. The company’s Q3 results indicate a positive trend in its financial performance, and the target price set by ICICI Securities implies significant upside potential. However, it is essential to have a long-term perspective and a thorough analysis of the company’s financial performance before making any investment decisions.
