mapmyindia share Got off to a strong start in the primary markets as of today CE Info Systems Share listed on 1565 level on NSE, which is about 51.50 per cent higher than its issue price from 1000 1033 per equity share. According to stock market experts, retail investors have got strong listing gains, but the stock is seeing a decline after strong listing due to selling of HNIs. Experts further said that any fall in the stock should be viewed as a buying opportunity in the debt-free company stock, which has very strong fundamentals.
Buying suggestion on fall in MapmyIndia shares; Avinash Gorakshakar, Head of Research, Profitmart Securities, said, “MapmyIndia is a debt-free company with strong fundamentals as it is the only profit making company in India competing against Google Maps. Hence, the company’s business model looks profitable. And this is a digital company, whose future is strong after the covid 19 pandemic. The profit booking after strong listing is due to panic by HNIs as they have suffered losses in this public issue. But, for retail investors, it is A stock is a quality that one can hold in one’s stock portfolio for a long period of time.”
Avinash Gorakshakar of Profitmart Securities further says that the share price of MapmyIndia is coming down Each level of 1300 should be seen as a buying opportunity for retail investors and they should continue to accumulate on further losses of 4-5 per cent.
Santosh Meena, Head of Research, Swastika Investmart Ltd. said, “Financially, the company is doing well and its business model is sustainable. Despite the fact that the IPO was purely OFS based, it attracted investors and was sold 154 times. Subscribed. New edge technologies like SaaS, PaaS, and MaaS Platform Providers headed for a bright future IPO Listed 1565 per share, which is a premium of 51.50 per cent over the issue price of 1033. Investors applying for the listing benefit of an IPO should book a profit and the long-term investors receiving the allotment should continue to hold the stock. New investors can also buy in the fall.”
To advise the shareholders of MapmyIndia to book profit and deposit on decline; Manoj Dalmiya, Founder and Director, Proficient Equities Ltd. said, “Global market sentiment is negative amid Fed’s reduction in interest rates and Omicron’s spread. We advise allottees to book profits and make deposits on the downside.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.
Never miss a story! Stay connected and informed with Mint.
download
Our App Now!!
,