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

India TV News Desk 05 Jun 2014, 16:56:51 IST
India TV News Desk
New Delhi: Deutsche Bank has given a "buy" rating to Just Dial with a target of Rs 1,800, citing expectations of "high" growth in the online classifieds and digital advertisements market. The bank also sees big growth in the e-commerce section in the country.
 
Earlier, a report suggested that the government may allow FDI in e-commerce retail, thus allowing global online retailers such as Amazon.com 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.