Sell Just Dial, target Rs 620: Kunal Bothra

Independent analyst Kunal Bothra has a sell call on Just Dial Ltd. with a target price of Rs 620. The current market price of Just Dial Ltd. is Rs 667.1. Time period given by the analyst is Intra Day when Just Dial Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 700. Just Dial Ltd., incorporated in 1993, has a market cap of Rs 4325.44 crore.

Just Dial Ltd. key Products/Revenue Segments include Other Services which contributed Rs 767.78 Crore to Sales Value (98.21 % of Total Sales), Software Services which contributed Rs 7.91 Crore to Sales Value (1.01 % of Total Sales) and Other Operating Revenue which contributed Rs 6.08 Crore to Sales Value (0.77 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 30-06-2019, the company has reported a Consolidated sales of Rs 240.17 Crore, up 3.41 % from last quarter Sales of Rs 232.26 Crore and up 13.60 % from last year same quarter Sales of Rs 211.42 Crore Company has reported net profit after tax of Rs 57.29 Crore in latest quarter. The company’s top management includes Mr.B Anand, Mr.Malcolm Monteiro, Mr.Pulak Chandan Prasad, Mr.Ramani Iyer, Mr.Sanjay Bahadur, Mr.V Krishnan, Mr.V S S Mani, Mrs.Anita Mani. Company has S R Batliboi & Associates LLP as its auditors. As on 30-06-2019, the company has a total of 64,767,338 shares outstanding.