India, April 20 -- From its listing price of Rs.212 on the NSE in 2021 to now trading at Rs.7.85, the EaseMyTrip (EMT) stock is selling for a song, and no one has the time to listen to this tune.
Recent quarterly data analysed by Inc42 shows that domestic mutual funds have almost entirely sold their holdings in the company. What's even worse is that the promoter and chairman of the company, Nishant Pitti, has pledged 98.89% of his stake.
So, what's really happening at EMT?
At the end of the last quarter (Q4 FY26), domestic investors were seen hitting the exit button on EMT. From nine domestic mutual funds holding 64.63 Lakh shares (0.18% stake) at the end of December, exposure fell sharply to just one mutual fund, which hel...
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