Yes, that perception has been hurting the stock, it hasn’t moved at all in last 1 year, despite posting decent set of numbers.
VMart mainly operates in Tier-II & III cities where online presence is lower, company mainly sells non branded products, has lower revenue per customer visit than what people who buy branded stuff from e-com usually pay for.
Hence, I expect VMart to keep growing at 25% cagr.
How much value will it get from market, tough to say!
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