I felt something is fishy when the promoter sold stake just couple of days after Goldman Sachs raised guidance, hence already sold half of my holdings when tis news got out. I think they saw ola and google maps trying eat their share in maps business beforehand. And these steps are goanna hamper the business of mapmyindia as maps business is their major contributor and other businesses like IOT still don’t add much to bottom line. Let’s see what management has to say on this. Eagerly waiting for concall to take a decision on remaining of my holdings in the company.
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