Stocks to Watch, 03 November: Stocks like Bharat Petroleum Corporation, Bank of Baroda, Godrej Consumer Products, Tata Chemicals, JK Cement, SBFC Finance, Azad Engineering, Zensar Technologies, Schaeffler India, RR Kabel, Mahindra Holidays, Phoenix Mills, Maruti Suzuki, Tata Motors Passenger Vehicles, and Eicher Motors will be in focus on November 03.
Stocks to Watch, 8 August: Stocks like Titan Company, Bharti Airtel, Biocon, Cummins India, BSE, Life Insurance Corporation, KRBL, Metropolis Healthcare, Kalpataru Projects International, Godrej Consumer Products, Kalyan Jewellers, and CE Info Systems will be in focus on August 8.
Stock of the day: Integrated provider of digital map data, analytics and geospatial software strong revenue growth outlook led by rising number of use cases and growing demand across key B2B and B2B2C markets of Automotive and Mobility; and Consumer Technology. Order booking remains strong for MapmyIndia #stockmarket #sharemarket #stockstowatch #ceinfosystems
Stocks To Watch, Jan 29: Stocks like Exide Industries, Home First Finance Company India, Bharat Heavy Electricals, Bosch, Motilal Oswal Financial Services, Le Travenues Technology, Mahanagar Gas, UTI Asset Management Company, Som Distilleries and Breweries, SBI Cards and Payment Services, Piramal Pharma, and VIP Industries will be in focus on January 29.
Investors are asking also why Rohan Verma chose not to helm the new consumer-facing business within CE Info Systems, and instead chose to float a separate company.
Regarding the 10% equity in the new entity, the management said MapMyIndia is getting 10% share in the new consumer business only for Rs 10 lakh, and both companies will be able to use the Maapls brands.
The new venture will be run by Rohan Verma, the current CEO and Executive Director at MapMyIndia (CE Info Systems), with the company taking a 10% stake in the new entity and providing an additional funding of Rs 35 crore via a CCD.
MapMyIndia will sharpen its focus on its core B2B and B2B2C operations and spin off its B2C business into a new company.
MapmyIndia has received official board approval to establish a joint venture (JV) with Hyundai Autoever, a wholly owned subsidiary of Hyundai Kia.
The company’s position as a leader in the mapping and geospatial technology industry, and its growing adoption by the government and industry players are the key drivers
Stocks like Life Insurance Corporation, Fortis Healthcare, CE Info Systems, Aarti Industries, Welspun Corp, Archean Chemical Industries, Advanced Enzyme Technologies, DCX Systems, JSW Steel and G R Infraprojects will be in focus on November 11.
The company plans to invest more in visibility and overall growth strategy. Therefore, it didn’t give any commitment to maintaining the 40% EBITDA margin guidance.
As per the latest shareholding data, Rakesh Kumar Verma held a 42.84 percent stake in CE Info Systems while his family members owned a cumulative 10 percent equity.
UltraTech Cement, Mahindra & Mahindra Financial Services, RattanIndia Enterprises, Adani Ports and Special Economic Zone, SMC Global Securities, GlaxoSmithKline Pharmaceuticals, and Zee Entertainment will also be in focus on Wednesday.
The floor price of the deal will be Rs 2,293.2 per equity share, which implies 5 percent discount from the current market price
CE Info Systems is well-poised to benefit from an early leadership position in fast-growth end markets, said Goldman Sachs as it initiated coverage on the stock with a 'buy' rating.
YES Securities is bullish on CE Info Systems has recommended buy rating on the stock with a target price of Rs 2500 in its research report dated January 16, 2024.
MapMyIndia shares settled half a percent higher at Rs 2,206.05 on the National Stock Exchange on November 24
CE Info Systems' board of directors will meet on November 27 to to consider raising funds by way of an issuance of equity shares, the company has said
Coforge has formed robust bullish candlestick pattern on the daily scale with above average volumes. In fact, there was a consolidation breakout in previous session, and now the stock traded above all key moving averages, which is positive sign.
The overall outlook for the Nifty Index leans favourably towards a positive scenario.
Granules India closed at 10-month high and has seen a breakout of falling resistance trendline adjoining highs of December 23 last year and September 25 this year, and trading well above key moving averages.
A successful breach above this level (19,725) on the Nifty50 could trigger a short-covering rally, potentially leading to an upswing in the 19,800–19,850 range.
Total revenue climbed 37.5 percent to Rs 89.4 crore as against Rs 65 crore in the corresponding period of the preceding fiscal.