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multibagger stock: Apple's India map provider surges over 100% in over 6 months as it rivals Google's product - Vimarsana News

multibagger stock: Apple's India map provider surges over 100% in over 6 months as it rivals Google's product

Shares of MapmyIndia, formally known as CE Info Systems Ltd., have risen about 104% from the end of March, adding around $675 million in market value on demand for its consumer-facing app Mappls. Some analysts and investors are betting on the companys domestic growth opportunity, while others view its price tag as a barrier.

Apple's India map provider surges 104% in over 6 months as it rivals Google's product, ET Telecom - Vimarsana News

Apple's India map provider surges 104% in over 6 months as it rivals Google's product, ET Telecom

Apple: “The valuations look really stretched now,” said Piyush Pandey, technology analyst at Yes Securities India Ltd. “I expect the stock to go into a consolidation phase.”