Top Stocks Today : IIFL Securities has Buy call on C.e. Info Systems - June 07

IIFL Securities has initiated coverage on C.e. Info Systems with a 'Buy' rating and a target price of Rs 2100, implying a potential upside of 2.88% from its current market price of Rs 2041.3. The brokerage firm cited the company's strong track record of growth, healthy financial position, and leadership position in the enterprise software industry as key reasons for its bullish stance. The report also highlighted C.e. Info Systems' focus on emerging technologies such as cloud computing and automation, which are expected to drive future growth.

About C.e. Info Systems:

C.e. Info Systems (C.e. Info) is a leading provider of IT Infrastructure Management Services (IMS) and Managed Security Services (MSS) in India. The company offers a comprehensive range of services including network management, data center management, cloud management, and cybersecurity. C.e. Info has a strong customer base of over 2,000 clients across various industries including banking, financial services, insurance, manufacturing, and healthcare. The company's service offerings are designed to help clients optimize their IT infrastructure, reduce costs, and improve security.

52 Week Price Trend:

Currently trading at Rs 2041.3, CE Info Systems (NSE:MAPMYINDIA) has experienced significant price fluctuations over the past year, reaching a 52-week high of Rs 2343.95 and a low of Rs 983.45. Analysts attribute this volatility to the company's strong performance in the digital mapping and location-based services sector. Despite the recent decline from its peak, MAPMYINDIA remains well above its 52-week low, indicating potential for further upside once market sentiment improves or the company announces positive developments.

Stratzy's MOST Analysis:

Based on Stratzy's MOST framework, which comprehensively assesses Management, Outlook, Safety, and Trend (MOST), MAPMYINDIA has received an AA- rating. This rating reflects a medium level of fundamental risk. The AA- rating indicates that MAPMYINDIA has a strong management team, a positive outlook, solid financial stability, and favorable market trends. Investors should note that this rating does not constitute investment advice and should be considered alongside other factors before making investment decisions.

Company's Fundamentals:

C.e. Info Systems (MAPMYINDIA) is a company listed on the NSE with a current stock PE ratio of 76.36, indicating that investors are willing to pay 76.36 times the company's earnings per share. The PB ratio of 16.08 suggests that investors are willing to pay 16.08 times the company's book value per share. The dividend yield of 0.17% implies that investors receive an annual dividend of 0.17% on their investment. These metrics provide insights into the company's valuation, profitability, and income distribution, helping investors make informed decisions.

Fundamental and Technical information provided in this blog were last updated on 07 Jun, 2024

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