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- by economictimes.indiatimes.com
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Just Dial shares rally 8% as Nuvama upgrades to buy rating
Nuvama maintained its target price of Rs 1,140 per share, indicating a 25% upside despite Just Dials recent growth challenges. The brokerage emphasized that the companys core business remains attractively valued, especially when adjusted for its cash reserves of Rs 5,060 crore as of December 2024, which accounts for nearly 72% of its total market capitalization.