BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
IDFC downgrades Just Dial to underperform
IDFC has downgraded Just Dial to "underperform" and cuts target price on the stock to Rs 430 from Rs 650. Just Dial stock has underperformed midcap index by around 50 per cent in this year so far. Stock trend unlikely to reverse in near term. Slower-than-expected ramp up in JD Omni product. See structural pressure in core search business. De-rating will continue over next 6-9 months.