MapmyIndia share's 11% fall today has links with Google Maps. Explained

Quick Summary:

At 12:31 PM, Maps My India was trading 7.3 per cent lower at Rs 2,298 per share as against 0.11 per cent rise in the benchmark BSE Sensex.

Google Maps' pricing decision comes amid Bhavish Aggarwal, chief executive officer of cab-aggregator Ola, calling to adopt Ola Maps.

Given this, Goldman Sachs expects CE Info Systems' revenue to grow at a CAGR of 38 per cent over FY24-FY27, while Ebitda margin may range from 38 per cent to 41 per cent during the period.

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Category: BusinessFinance

Markets: India

Topics: Mapmy india Ce info systems share price Ce info systems stock Map my india google news Map my india Ce info systems Google maps news Google maps Buzzing stocks Mapmyindia share price Ols maps Business standard Markets Map my india share price Google map pricing for Indian developers

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Article Type: News Report

Published On: 2024-07-18 @ 13:10:43 (5 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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