With a growing share of revenue coming from JD Mart, does it make sense to see it as a growing competitor to IndiaMart? Which is trading at a much higher PE and market valuation?
The Q1 result looks like company is on the right track in its growth story, valuation seems fair as well.
However, from a look from its website UI it seems too diversified, trying to get a bite of everything from restaurants to travel bookings, where one would think of more specialised vendors first, like a Zomato or MMT. Seems like theyre throwing darts in the dark and trying to see what hits and what misses.
I feel this stock can have give great returns when you compare it to other internet companies which trade at much higher valuations than Justdial while not even necessarily being profitable.
Would appreciate any thoughts on this from more experienced investors.
Disc: invested in a tracking amount and increasing holding bit by bit
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