A slight drop in buyer side traffic from 66.08 million to 64.72 million in August vis a vis July numbers. The management expects a slight increase in Q2 number of subscribers from 133,000. This number needs to be closely tracked. The management is trying to get back the 14-15k odd subscribers it lost during the covid quarter. I expect the company to reach 1,47,000 subscribers it had pre-covid by end of year or maximum by Q1 2021.
Long term company story is linked to growth in economy + digitalization theme which is accelerated by covid. The company is still a solid bet, though market seems to have priced a lot of good news in. The company also has a solid 1000 crores in books which can be used to mitigate short term risks for long term benefits or for driving inorganic growth if need be.
Disclosure - Invested. Waiting for a clarity in Q2 numbers before taking fresh positions.