See there may be two possible reasons for this : 1) Promoter PE Firm has been selling its stake time and again as they will be completely exiting due to fulfillment of their investment objective. This has affected investor sentiment and increased supply time & again. 2) Due to digital push of the government, many investors are not keen.
Having said that, I think this is a very good company which will become a major banking technology services provider. The first concern is short term and second concern will have not impact due to huge indian cash market and company increasing focus on tech solutions to banks.
Dis : Made good returns and still invested.
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