Shares of CE Info Systems, the parent company of MapMyIndia, saw a surge of over 10%. This was due to the potential integration of MapMyIndia's Mappls app with the recently launched indigenous chat and calling app Arattai, and tweets by Union Minister Ashwini Vaishnaw. This boosted investor enthusiasm and sent shares soaring.
MapMyIndia (CE Info Systems) Shares: Shares of MapMyIndia's parent company, CE Info Systems, surged by over 10% recently, even amidst a weak domestic market due to US tariff policies. This rally is driven by the potential integration of Mappls with the Arattai app and tweets from Union Minister Ashwini Vaishnaw. Investors are hopeful that this integration will enhance location sharing, making it more accurate, thereby strengthening the company's technology platform.
Potential Integration of Arattai App and MapMyIndia
According to experts, the main reason behind this surge is the news of a potential integration between Zoho's recently launched chat and calling app, Arattai, and MapMyIndia's Mappls app. A user on X (formerly Twitter) wrote that if both platforms integrate, it could prove to be a major breakthrough for the Indian technology sector. It was called a "deadly Indian combination" because it would provide users with a new and more accurate experience of location and messaging services.
Rohan Verma, Director at MapMyIndia, responded to this, stating that if this integration happens, it would be a matter of pride for the company. He added that app developers can make this integration possible through Mappls' APIs and SDKs. He believes that this would enable users to share any location in an easy and precise manner, which is not possible in any other app.
Appreciation from Union Minister Ashwini Vaishnaw
Tweets from Union Minister Ashwini Vaishnaw also significantly contributed to the rapidly rising shares of MapMyIndia. In his presentation, he praised Mappls' features and recommended its use. The Minister mentioned that the presentation was created using Zoho Show and incorporated Mappls' maps. Rohan Verma thanked the Union Minister for this initiative. On October 11, the Minister again tweeted, emphasizing the excellence of Mappls' features.
Historical Movement of Shares
MapMyIndia's shares were listed almost four years ago on December 21, 2021. During the IPO, they were issued to investors at a price of ₹1,033. Last year, on October 18, 2024, the shares reached their one-year record high of ₹2,200.00. However, two months later, by December 4, 2024, the shares had fallen by 31.15% to ₹1,514.70. Such fluctuations have always been an exciting experience for the company's investors.
MapMyIndia: Trust from Integration
Experts believe that the potential integration of Arattai and Mappls will increase the utility of MapMyIndia's applications. This step could open new growth opportunities for the company. Furthermore, the positive stance of the Union Minister and the discussions about this integration on social media have further boosted investor confidence.
