'Buy' rating to Just Dial, target price Rs 1,800: Deutsche Bank

Written by Reuters | Mumbai | Updated: Jun 5 2014, 19:49pm hrs
Just DialDeutsche Bank gives 'buy' rating to Just Dial on expectations of 'high' growth in the online classifieds and digital ad market.
Deutsche Bank initiates coverage of India's search engine Just Dial Ltdwith a "buy" rating and a target of Rs 1,800, citing expectations of "high" growth in the online classifieds and digital advertisements market, as well as the rising internet usage of e-commerce in the country.

Also, India could allow global online retailers such as Amazon.com Inc to sell their own products as early as next month, removing restrictions that have held back competition in one of the world's biggest, and most price-sensitive, retail markets.

Just Dial shares were trading at Rs 1,332.50 around 2 pm.