Sell Just Dial Ltd. target Rs 360 : UBS
Sell Just Dial Ltd. at a price target of Rs 360. The current revenue growth, digital traffic growth is on back of higher marketing/discounting spending.
By ETMarkets.com |
UBS has a sell call on Just Dial Ltd. with a target price of Rs 360 .The current market price of Just Dial Ltd. is Rs 344 Time period given by analyst is year when Just Dial Ltd. price can reach defined target.
The company's cash balance at 40% of current MCap & FY18E EV/EBITDA of 12.1x is at a trough vs historical levels but UBS still doesn't find risk-reward attractive, with no signs of changes in the management's strategy. Thesis of core Search biz getting eroded in the absence of strategic change remains intact. The current revenue growth, digital traffic growth is on back of higher marketing/discounting spending.
The company's cash balance at 40% of current MCap & FY18E EV/EBITDA of 12.1x is at a trough vs historical levels but UBS still doesn't find risk-reward attractive, with no signs of changes in the management's strategy. Thesis of core Search biz getting eroded in the absence of strategic change remains intact. The current revenue growth, digital traffic growth is on back of higher marketing/discounting spending.
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