It’s really depend how they use this cash pile. if they invest in B2B (JD Mart) and grow it then there will growth in future and accordingly valuation but board does not committing anything whether it will dividend/buy back/ acquisition or organic investment in new initiative which confuses market.
I hope I am wrong but it does feel like JD is not much priority for Reliance otherwise they would have decided by now what to do with data mine for SME – Just dial has been sitting on for quite sometime.
Disc. Tracking position only.
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