MapmyIndia falls to lowest since listing

CE Info Systems

28/12/2022 09:15

** Shares of MapmyIndia  CEIF.NS  fall as much as 3.7% to
record low of 1059.1 rupees
    ** MapmyIndia, whose incorporated name is CE Info Systems,
made a strong debut in Dec 2021 (IPO price of 1,033 rupees)
    ** Shares have been trading below their 50-day and 100-day
moving avgs since Oct. 28
    ** The moving average convergence divergence (MACD) line is
below the signal line since Dec. 16, suggesting a bearish bias
on the stock
    ** More than 127,276 shares changed hands by 02:00 p.m.,
1.6x 30-day avg of 66,446 shares
    ** Stock down 34.4% YTD, up to last close
 (Reporting by Aleef Jahan in Bengaluru)
 ((aleefjahan.cs@thomsonreuters.com; +91 8075473630;))