Currently Ola also entered into maps and providing one year free for developers.
And Google maps decreased pricing for India-based customers up to 70%.
Will this impact MapMyIndia?

Please go through the latest concall , promoter has answered regarding low promoter holding

ITC -474

In very short term ,it seems bit extended -might give a small pull-back. But that should not be much cause of a worry for someone who is a long term investor.

Overall it is upward trend and it in in 5th wave and as per equality principle of EW , it has a long way to go.

Daily Chart

Disclaimer : Views are personal. No buy/sell recommendations. The projection is based on our technical -probability study methods and chances of success/failure depend upon various factors.

Bear markets ( or market going down) is very secular…It takes everything down with it. No questions asked.

Working capital increase has been substantial – which will lead to jump in interest cost. this will be the case for all sugar companies. Sugar sales will be higher due to higher prices as volume increase is only marginal. Impact of huge drop in ethanol sales will be very negative… again for all sugar companies.

Maize based ethanol plants are even worse off. pl see interview of BCL. I have been highlighting these challenges for many months.
https://www.youtube.com/watch?v=oBs0c7CckFk

The only way forward for ethanol plants (sugar and grain based) is closure of a few plants as the industry is not sustainable anymore.
The companies focusing on other products based on sugarcane will do much better in the future – like Balrampur (bio plastics), Triveni (IMFL), etc.
Sugar/ ethanol companies like Dhampur Bio, Dhampur Sugar will have to focus on reducing production costs to increase margins.