Multibagger from its 52-week low: This IT-software company bags new order worth Rs 400 crore from Hyundai AutoEver Corp, Seoul, Korea!

The shares of the company have an ROE of 23 per cent and an ROCE of 29 per cent.

C.E. Info Systems Ltd informed that the company has bagged new order worth Rs 400 crore (USD 50 million) from Hyundai AutoEver Corp, Seoul, Korea. The order includes Licensing of CE Info (Mapmy India) Map & Connected Services Contents including Real Time & Predictive Traffic, Mobile SDK, Online Search and Call Centre Maps, for Embedded Connected Navigation & Connected Car Services of Hyundai and Kia Cars OEM Business in India. The order received is from an international client and start production in 2024, for the next 5 years of vehicle production.

C.E. Info Systems Ltd (Mapmy India) was incorporated on February 17, 1995. The company is a data and technology products and platforms company, offering proprietary digital maps as a service (MaaS), software as a service (SaaS), and platform as a service (PaaS). They are India’s leading provider of advanced digital maps, geospatial software, and location-based IoT technologies.

Today, shares of C.E. Info Systems Ltd gained 0.29 per cent to Rs 2050 per share with an intraday high of Rs 2,028.85 and an intraday low of Rs 2,045.14. The stock’s 52-week high is Rs 2,340 and its 52-week low is Rs 983.45. The company has a market cap of over Rs 11,000 crore and has delivered good profit growth of 28 CAGR over the last 5 years.

The shares of the company have an ROE of 23 per cent and an ROCE of 29 per cent. The stock gave multibagger returns of over 100 per cent from its 52-week low. Investors should keep an eye on this Mid-Cap IT-software stock under the radar.