IIFL Securities's Stock Pick Today: Buy C.e. Info Systems with Target Rs 2274

On April 23, IIFL Securities recommended a buy call on C.e. Info Systems at the current market price of Rs 1965.2. The brokerage firm has set a target price of Rs 2274 for the stock, indicating an upside potential of approximately 16%. The positive call is based on the company's strong financials, growth prospects, and healthy valuation. C.e. Info Systems has consistently delivered robust financial performance and is well-positioned to benefit from the growing demand for IT services.

About C.e. Info Systems:

C.e. Info Systems (CE Info) is a publicly listed IT services and solutions provider headquartered in Chennai, India. It offers a range of services including IT consulting, application development, data analytics, cloud computing, and infrastructure management. CE Info also provides software solutions for industries such as healthcare, manufacturing, and retail. The company has a global presence with offices in India, the United States, Europe, and Asia-Pacific. CE Info has received several industry recognitions for its IT services and is known for its strong capabilities in cloud computing, data analytics, and digital transformation initiatives.

52 Week Price Trend:

C.e. Info Systems, renowned for its mapping platform MapmyIndia, has experienced significant fluctuations in its stock price over the past year. As of today, the company's CMP stands at Rs 1965.2, indicating a decline from its 52-week high of Rs 2343.95. However, the stock has rebounded considerably from its 52-week low of Rs 983.45. The recent price movement suggests that investors are cautiously optimistic about the company's long-term prospects, but remain mindful of potential headwinds in the tech sector and macroeconomic uncertainties.

Stratzy's MOST Analysis:

MAPMYINDIA has been rated AA- by Stratzy's MOST Framework, indicating a low fundamental risk. This rating is based on four pillars: Management, Outlook, Safety, and Trend. MAPMYINDIA has received favorable scores in each of these categories, demonstrating strong management practices, a positive market outlook, financial stability, and favorable growth trends. This overall AA- rating suggests that MAPMYINDIA is a stable and promising investment with a low level of inherent risk.

Company's Fundamentals:

C.e. Info Systems (NSE: MAPMYINDIA) is a company listed on the National Stock Exchange (NSE) of India. The company's stock price-to-earnings (PE) ratio is currently at 76.36, which indicates that investors are willing to pay a relatively high price for each rupee of earnings. The company's price-to-book (PB) ratio is 16.08, which indicates that the company's stock price is currently trading at a premium to its book value. The company's dividend yield is currently at 0.17%, which indicates that the company pays a relatively low dividend to its shareholders.

Fundamental and Technical information provided in this blog were last updated on 23 Apr, 2024

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