104% Return in 1 Year: CE Info Systems hits all-time high after Goldman Sachs initiates coverage

104% Return in 1 Year: Mid-cap stock C.E. Info Systems Ltd (Mapmyindia) hit an all-time high of Rs 2,401.90 on BSE on Thursday (June 20, 2024) after Goldman Sachs initiated coverage on the company.

The C.E. Info Systems stock that closed at Rs 2,001.60 in the previous session soared by 20 per cent to an all-time high of Rs 2,401.90.

The stock that began the trading session at Rs 2,223.95 on Thursday closed trading higher by 20 per cent, or Rs 400.30, at Rs 2,401.90. 

Goldman Sachs on C.E. Info Systems 

Goldman Sachs has initiated coverage on C.E. Info Systems Ltd with a 'buy' call. 

The brokerage has given a 12-month target price of Rs 2,800 with an upside of 40%.

What does C.E. Info Systems do?

The mid-cap firm is in the business of products like digital map data, GPS navigation and location-based services, etc.

C.E. Info Systems share price history

The stock has given 19.42 per cent return in the six months, while its rise in the one year has been 104 per cent.