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MAPMYINDIA STOCK UPDATE
Top startup and tech stories this weekWelcome to a new edition of ETtech Unwrapped – our weekend newsletter packed with the most important stories this week. Let’s take a look.- MapMyIndia shares drop 8% on weak Q2 earningsRevenue from operations rose 13.8% year-on-year (YoY) to Rs 103.67 crore in Q2 FY25. Profit before tax was Rs 41.06 crore, an 8.18% decline...
- Budget 2024: Shares of MapmyIndia, Genesys soar up to 10% as FM proposes GIS-based urban land recordsShares of MapmyIndia currently trade 9.28% higher at Rs 2,470, while that of Genesys International Co-operation are up about 7.28% at Rs 68...
- Sharp revival in IT stocks unlikely; all deal wins remain on paper: Sandip SabharwalAccording to Sandip Sabharwal, the growth outlook for Indian IT companies is not promising, and their valuations are not cheap. He believes...
- ETtech Unwrapped: Gig workers versus Blinkit, and other top stories this weekEven for Blinkit, the change in payout structure was the straw that broke the camel’s back with delivery executives telling us that they ha...
- Big tech’s cloud business under stress & other big stories this weekEven as the cloud gets darker, there’s a silver lining. The runaway success of OpenAI’s ChatGPT, and the follow-up play by others in the sp...
- LIC listing, FII outflow among 5 factors that will steer market this weekSelling by foreign institutional investors have kept the market under pressure. As per latest data available, they have already withdrawn R...
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