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Shares of CE Info Systems-owned MapmyIndia on Monday surged 7% to its day’s high of Rs 2,380.35 after the company on Friday reported a 12% year-on-year (YoY) jump in its profit after tax (PAT) at Rs 35.9 crore for the June quarter.

A total of 31,617 shares changed hands on the counter till 01:09PM (IST).

The stock traded at a P/E multiple of 38.72, while the price-to-book value ratio stood at 6.74.

Cameron Brandt says that tremendous interest was seen over the past 18 months for dedicated India equity funds domiciled in Japan and those flows have just rolled over so that suggests to me that there may be more to come. Despite the significant unwinding of the carry trade, the prompt Bank of Japan signalling resulted in quite a few trades not unwinding.

The Nifty IT index was trading 0.45 per cent up at 39218.65.

It is proposed that a credit note equivalent to 40% of the scrap value of a ship being dismantled in an Indian breaking yard would be given to fleet owners, both Indian and global

Inox Wind Ltd., incorporated in the year 2009, is a Small Cap company (having a market cap of Rs 22716.00 Crore) operating in Power sector.

In 1QFY25, the Nifty index showed a 16% earnings growth. Major contributors included HDFC Bank and Tata Motors, while BPCL and JSW Steel underperformed. Coal India and Adani Ports are expected to offer 13-20% returns over the next year, driven by strong operational growth and strategic positioning

Promoters held 25.0 per cent stake in the company as of 30-Jun-2024, while FII and DII ownership stood at 54.28 per cent and 10.18 per cent, respectively.