India's CE Info Systems hits 15-month high on earnings boost

CE Info Systems

07/08/2023 06:19

** Shares of CE Info Systems  CEIF.NS  rise as much as 6.85%
to a 15-month high of 1,642.50 rupees
    ** Digital maps and geospatial technology services provider
posts 33.2% YoY rise in consolidated net profit after tax in
June quarter
    ** Revenue jumps 37.53% to 894.1 mln rupees
    ** Stock's relative strength index has been above 70 since
July 12, suggesting it may be overbought - Refinitiv data
    ** Trading volume is over 230,000 shares as of 10:39 a.m.
IST, 1.2x the 30-day avg - Refinitiv data
    ** Including session's gains, CEIF up 54% in 2023 so far,
compared to 8.11% rise in Nifty 50  .NSEI 

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))