BIG UPGRADE ON JUST DIAL
NUVAMA UPGRADE Just Dial (JD) to 'BUY' (from 'HOLD')
Stock looks extremely attractive with the core business available at a compelling value on market cap adjusted for cash
JD is an asset-light business generating an EBITDA margin of 30% with high cash conversion.
Its market-cap has corrected 20% since its Q3FY25 results, but its core market cap ex-cash has corrected by 47.6%.
In fact, JD's valuation is close to its lowest point ex-covid
NUVAMA UPGRADE Just Dial (JD) to 'BUY' (from 'HOLD')
Stock looks extremely attractive with the core business available at a compelling value on market cap adjusted for cash
JD is an asset-light business generating an EBITDA margin of 30% with high cash conversion.
Its market-cap has corrected 20% since its Q3FY25 results, but its core market cap ex-cash has corrected by 47.6%.
In fact, JD's valuation is close to its lowest point ex-covid
You
should Trade Less But Trade Accurately & this is Achieved with our Tip.
