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The smallcap stock has given multibagger returns of 110% over the last 12 months versus Nifty50 which has given just over 4% returns during this period according to Trendlyne data.
BSE is in a strong uptrend and still looks positive for Rs 2,000 levels and investors can look to buy it in a staggered manner, Nilesh Jain, Assistant Vice President (AVP), Equity Research Technical and Derivatives at Centrum Broking said. He sees an immediate support at Rs 1,660.
In the last five-year period, the shares have jumped nearly 1195% and about 611% in the past three years.
The stock of leading EV chargers and solar solutions providers started trading today at Rs 78. In the previous session on Monday, the stock settled at Rs 74.30.
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.