Buy Just Dial, target price Rs 950: IIFL

IIFL has buy call on Just Dial with a target price of Rs 950. The current market price of Just Dial Ltd. is Rs 914.45.
Time period given by analyst is Intra Day when Just Dial Ltd. price can reach defined target.

Just Dial Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 7645.32 Crore) operating in Services sector.


Just Dial Ltd. key Products/Revenue Segments include Other Services, Interest, Software Services and Income From Financial Services for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 187.44 Crore, down -2.16 % from last quarter Total Income of Rs 191.57 Crore and down -6.24 % from last year same quarter Total Income of Rs 199.92 Crore. Company reported net profit after tax of Rs 19.39 Crore in latest quarter.

Investment Rationale
The stock has given a flag pattern breakout with high volume.

Promoter/FII Holdings
Promoters held 77.64 per cent stake in the company as of 31-Mar-2022, while FIIs owned 3.21 per cent, DIIs 4.87 per cent.