IIFL Securities Stock Market Watch Today: Buy Justdial. - March 21

On March 21, IIFL Securities issued a buy recommendation for Justdial, with a target price of Rs 840. The brokerage currently has a positive outlook on the stock, as it expects the company to benefit from the increasing adoption of online services in India. Justdial's strong brand presence and wide range of offerings are also seen as positives. At the current market price of Rs 819.05, the brokerage believes there is potential for upside.

About Justdial.:

Justdial is an Indian local search engine that provides local search-related services to users across India through multiple platforms such as the internet, mobile internet, and voice. It offers a comprehensive range of search and discovery services across multiple categories such as local businesses, professionals, and products and services. The company provides a platform for businesses to connect with potential customers and helps users find the right business or service for their needs.

52 Week Price Trend:

Justdial (NSE: JUSTDIAL) has shown mixed performance over the past 52 weeks, with its stock price fluctuating between a high of Rs 951.75 and a low of Rs 565. As of its current market price (CMP) of Rs 819.05, the stock is trading at a discount of approximately 14% from its 52-week high and a premium of 45% above its 52-week low. This suggests that the stock has experienced some volatility but has maintained a relatively stable range within the past year.

Stratzy's MOST Analysis:

JUSTDIAL has received a BB- rating from Stratzy's MOST framework, indicating a medium level of fundamental risk. The MOST framework assesses stocks based on four pillars: Management, Outlook, Safety, and Trend. JUSTDIAL's rating suggests that it has a solid management team, a positive outlook for growth, a sound financial position, and a favorable market trend. However, there may be some areas where the company could improve its risk profile, such as by strengthening its competitive advantage or reducing its debt levels.

Fundamental and Technical information provided in this blog were last updated on 21 Mar, 2024

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