Best Stocks to Buy Today : IIFL Securities's call on Justdial - August 08
IIFL Securities has buy call on Justdial at current market price of Rs 1241.35. The target price of Justdial is Rs 1285. Checkout the Best Stock to Buy Today!
On August 8th, IIFL Securities issued a "buy" recommendation for Justdial at its current market price of Rs 1241.35. The target price set for Justdial is Rs 1285, indicating a potential upside of approximately 3.5%. This recommendation is based on an analysis of Justdial's financial performance, market position, and the overall industry outlook. The brokerage firm believes that Justdial's strong brand recognition, extensive database, and focus on digital transformation position it well for continued growth in the local search and digital marketing space.
About Justdial:
Justdial is an Indian local search engine and provides business listing, contact details, and other relevant information about businesses in India. It offers a wide range of services, including local search, directory services, classifieds, and e-commerce. The company was founded in 1996 and is headquartered in Mumbai, India. Justdial has a network of over 250,000 verified listings across India and serves over 300 million users per month. The company's stock is listed on the National Stock Exchange (NSE) of India under the symbol "JUSTDIAL."
52 Week Price Trend:
Justdial's current market price (CMP) of Rs 1241.35 has significantly surpassed its 52-week high price of Rs 951.75, indicating a substantial growth in its valuation. However, it is important to note that the stock has also experienced a significant decline from its all-time high of Rs 1715.10 in June 2021. The 52-week low price of Rs 565 suggests that the stock has shown resilience in the face of market volatility. Investors should carefully consider the company's fundamentals, growth prospects, and overall market conditions before making any investment decisions.
Stratzy's MOST Analysis:
Based on the MOST framework, JUSTDIAL has been assigned a BB- rating. This rating reflects the company's overall low fundamental risk profile. The MOST framework assesses stocks based on Management, Outlook, Safety, and Trend. JUSTDIAL's rating in each of these pillars contributes to its overall score. The BB- rating indicates that JUSTDIAL has a medium fundamental risk profile.
Fundamental and Technical information provided in this blog were last updated on 08 Aug, 2024
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