Top Stocks Today : IIFL Securities has Buy call on C.e. Info Systems - June 07
On June 7, IIFL Securities issued a buy recommendation for C.e. Info Systems, setting a target price of Rs 2100. This represents a potential upside of almost 3% from the current market price of Rs 2041.3. The brokerage firm's positive outlook is based on the company's strong performance in the IT sector and its potential for continued growth in the future.
About C.e. Info Systems:
C.e. Info Systems Ltd. (CEIS) is an Indian IT services and consulting company listed on the National Stock Exchange (NSE). Founded in 1995, CEIS offers a range of services including IT infrastructure management, software development, cloud computing, and digital transformation. The company has a global presence with offices in India, the United States, the United Kingdom, and the Netherlands. CEIS serves various industries such as banking, finance, healthcare, and manufacturing, providing customized solutions to meet their specific technology needs. The company has a strong focus on innovation and has been recognized for its expertise in emerging technologies and its commitment to customer satisfaction.
52 Week Price Trend:
C.e. Info Systems (CEIS), known for its MapmyIndia platform, currently trades at Rs 2041.3. Over the past 52 weeks, the stock has fluctuated between a high of Rs 2343.95 and a low of Rs 983.45. The stock's performance indicates a potential upside, with a current valuation below its 52-week high. However, investors should exercise caution and conduct thorough research before making any investment decisions, considering the stock's historical volatility.
Stratzy's MOST Analysis:
MAPMYINDIA's AA- rating from Stratzy's MOST framework indicates medium fundamental risks. The framework assesses companies based on management, outlook, safety, and trend. MAPMYINDIA's high performance in these areas suggests strong management, favorable outlook, financial stability, and positive growth potential. This rating highlights MAPMYINDIA's overall fundamental strength and resilience, indicating a moderate level of risk for investors.
Company's Fundamentals:
C.e. Info Systems (NSE: MAPMYINDIA) is a leading provider of digital mapping and geospatial data technologies in India. Its stock is currently trading at a price-to-earnings (PE) ratio of 76.36, indicating that investors are paying 76.36 times the company's annual earnings per share. The stock also has a price-to-book (PB) ratio of 16.08, which means that the market value of the company's assets is 16.08 times the book value of those assets. Despite these relatively high valuations, MAPMYINDIA pays a dividend yield of only 0.17%, which suggests that investors are primarily focused on the company's growth potential rather than its dividend income.
Fundamental and Technical information provided in this blog were last updated on 07 Jun, 2024
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