JustDial's levels of Rs 1000 look rich to me: Sudip Bandyopadhyay

In a chat with ET Now, Sudip Bandyopadhyay, President, Destimoney Securities Pvt. Ltd shares his views on JustDial.


ET Now: What is the fundamental view on JustDial, suddenly at 1,500-1,550 when the whole world came out with buy reports on this one, it decided to maybe move up a 100-150 points and then just come off the cliff completely not giving too many people even a chance to exit. What is the call now on JustDial?

Sudip Bandyopadhyay: I agree with you. In fact last three months I have been saying that the valuation looks little too high and that is exactly what is happening.

In fact last week also I mentioned that probably if somebody is holding, they should quickly exit.

There were lots of rumours in this counter of some global tie up, that names like Google were being talked about but if that something happens, then of course it is a different story, otherwise the valuation even now at a level of around 1000 looks little rich to me and another 10-15 per cent correction will not be out of the way.