MapMyIndia Shares: Rollercoaster Ride Highlights Investment Debate

MapMyIndia shares surged 16% before falling over 5%, following the company’s decision not to invest in outgoing CEO Rohan Verma’s new venture. The board reaffirmed its focus on B2B and B2B2C growth while reevaluating B2C investments. Despite recent volatility, analysts suggest the stock may find support near ₹1,595 and could offer a buying opportunity for long-term investors with a target of ₹1,980. The stock’s oversold status on weekly charts adds to the intrigue for traders seeking potential rebounds.