MapmyIndia slips 4% to hit lowest level since listing; nears issue price

Shares CE Info Systems, owner of MapmyIndia, slipped 4 per cent to hit a new low of Rs 1,059 on the BSE in Wednesday’s intra-day trade.

The stock is trading close to its issue price of Rs 1,033. With today’s decline, it has tanked 45 per cent from its 52-week high of Rs 1,918.35 touched on January 17, 2022. The company made its market debut on December 21, 2021.

CE Info Systems is India’s leading advanced digital maps and deep-tech company, popularly known as MapmyIndia and globally as Mappls.

The company offers proprietary digital maps as a