India: Can JustDial ride the Internet wave with Search Plus?

Analysts who are positive about the prospects of Just Dial point out that the core listings business is growing at a steady pace, and that the valuations look far more reasonable when forward earnings are discounted. Visual sourced from JustDial website

JustDial Ltd’s shares have underperformed the broader market indices by a huge margin in the past year. One of the reasons cited for this was the delay in the launch of its Search Plus business, an attempt at capturing the growth of e-commerce in the Indian market.

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