MapMyIndia shares drop 8% despite strong Q1 earnings; PAT jumps 8% YoY

MapMyIndia shares fell nearly 8% on Wednesday, hitting a low of Rs 1,048. This happened despite the company reporting strong Q1 earnings on Tuesday. Revenue rose 15% and profit after tax jumped 8% year-on-year. Many investors saw the stock price drop even as the firm showed solid financial growth.