CE Info System-DMRC MOU: MapMyIndia, parent company of super map app Maples, has signed an MoU with Delhi Metro Rail Corporation (DMRC). Under this partnership, digital mapping and geospatial technology firm MapMyIndia will integrate Delhi Metro data with the Maples app. The company had made this announcement after the closure of equity market trading on October 31 and now its effect can be seen on the next trading day. A trading day earlier, on Friday, October 31, shares of MapMyIndia’s parent company CE Info System had closed at ₹ 1820.65 (CE Info System Share Price) on BSE with a fall of 0.66%. Now the stock market will open on Monday 3 November.
What is the deal between Mappls CE Info System and DMRC?
Under the MoU, information related to DMRC’s metro will be linked to the Maples platform to provide convenience to the commuters in Delhi-NCR. This partnership will provide the Maples app’s over 35 million users access to complete and real-time metro information such as information on nearest stations, routes, fares, line changes, train frequencies and journey times. Passengers will easily get all the information related to metro at one place in the Maples app interface.
Not only metro train, users will also get these facilities
It is not that by meeting Maples and Delhi Metro, only information related to the metro will be available. Common people will instantly get details like nearest government services, shortest route to their destination, travel time, traffic, parking and water logging on their smartphones.
How were the shares in one year?
Shares of MapMyIndia’s parent company CE Info Systems were at ₹1514.70 last year on December 4, 2024, which is a one-year record low for its shares. From this low, it jumped 42.93% in five months to reach ₹2165.00 on 16 May 2025, which is a one-year record high level for its shares. Now talking further, according to the details available on Indamoney, out of 6 analysts covering it, 5 have given it a buy rating and 1 has given a sell rating. Its highest target price is ₹2450 and lowest target price is ₹1445.
Its shares entered the domestic stock market about four years ago on December 21, 2021. Under its ₹1039 crore IPO, shares were issued to IPO investors at a price of ₹1033. On the day of listing, its shares were entered on BSE at a premium of about 53%. Its IPO received bids of 154.71 times.
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