BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Bank of America Merrill Lynch
|Target Hit|| Long (1Y)
Bank of America Merrill Lynch downgrades Just Dial to underperform
Bank of America Merrill Lynch has downgraded Just Dial to 'underperform' for target price of Rs 755 per share. Bofa-ML says risk reward is unfavorable and fundamentals are still weak for Just Dial. It sees downside risk to consensus and says that Just Dial now trades at 21.3 times FY18 estimated EBITDA.