Buy Just Dial, target price Rs 750: ICICI Securities

At current valuation, the stock is trading at ~5x 1-year forward EV/EBITDA (cash balance Rs39.3bn; market cap Rs49.4bn), which is significantly below historical levels.

Buy Just Dial, target price Rs 750:  ICICI Securities
At current valuation, the stock is trading at ~5x 1-year forward EV/EBITDA (cash balance Rs39.3bn; market cap Rs49.4bn), which is significantly below historical levels.