Top Trending Share: Share of MapmyIndia rose by two percent, volume also doubled – from digital maps to iot solutions unraveling the success of a market leader!

New Delhi: CE Info Systems Limited is known as MapmyIndia. It is a well-known data and technology company that specializes in digital map and geospatial software. The company provides services such as proprietary digital maps (MaaS), software (SaaS) and platforms (PaaS). MapMyIndia is a pioneer in the digital mapping industry of the country. The company is bringing innovative technologies. These include AI-powered 4D HD digital maps and NCASE Mobility Suite for digital vehicles. The company provides a range of location powered software and comprehensive offerings and has emerged as the market leader for B2B and B2B2C clients. The company has left behind many foreign companies in this matter. This company provides services to enterprise customers and its focus is on the automotive sector. Along with this, the company also has tie-up with many government organizations. The company’s top clients include PhonePe, Flipkart, HDFC Bank, Airtel and Hyundai. In the financial year 2023, the company’s sales increased by 28 percent to Rs 254 crore, while the company’s operative profit increased by 34.8 percent to Rs 116 crore. The net profit of the company increased by 26.7 per cent to Rs 109 crore. In the last three years, the company’s sales have grown at a rate of 20 per cent and net profit has grown at an annual rate of 72 per cent. The listing of the company took place in December 2021 and has given a negative return of 8.36% so far. The company’s ROCE has been 29% and ROE has been 22.4%. On Wednesday, the company’s shares rose over two per cent and touched Rs 1,341 during the day. Also, its volume has increased by more than 2.01 times. Investors should keep a close watch on this trending stock.

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