Reviews

JUST DIAL

Ticker : 535648 FV: Rs.10
52-Week H/L:Rs. 648/358.30 

We had recommended the stock of Just Dial in volume no 34, issue no 36 (dated 25 June, 2018) when the scrip was trading at Rs. 564.8. The company recently announced its second quarter numbers for FY19. Its revenue during the quarter improved almost 14 per cent yoy to Rs. 221 crore, while its EBITDA surged by almost 45 per cent yoy to Rs. 57.5 crore. The company’s net profit grew by almost 29 per cent yoy to Rs. 48.4 crore. The company’s cash and investments stood at a healthy level of Rs. 1,358.5 crore as on September 30, 2018. The shift in classified advertising from print media to online along with rising internet usage are likely to drive growth for Just Dial. Considering robust cash surplus and healthy quarterly numbers, we urge our investors to HOLD on to this scrip.



FIRSTSOURCE SOLUTIONS

Ticker: 532809 FV: Rs.10
52-Week H/L:Rs. 83.85/36

We had recommended the stock of Just Dial in volume no 34, issue no 39 (dated 26 July, 2018) when the scrip was trading at Rs. 72.85 . In the second quarter of FY2018-19, the company reported stellar PAT growth of 35 per cent yoy to Rs. 93 crore. But the company’s net sales grew by nearly 9 per cent yoy to Rs. 955 crore. Its EBITDA for the quarter increased by almost 21 per cent yoy to Rs. 133 crore. The weak rupee against the US dollar is expected to drive FSL’s profitability going forward. The management expects second half of FY19 to be better than the first half of FY19 on account of ramp up of deal wins, improving growth in top clients and higher traction in the BFSI segment. Thus, we urge our investors to continue to HOLD the scrip.