'Buy' rating to Just Dial, target price Rs 1,800: Deutsche Bank
Reuters Posted online: Thursday, Jun 05, 2014 at 0000 hrs
Deutsche Bank initiates coverage of India's search engine Just Dial Ltd
with 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.