Key Points
Some analysts and investors are betting on the companys domestic growth opportunity, while others view its price tag as a barrier.Agencies..
An Indian navigation companys stock, which was favored by Mark Mobius, has doubled in about six months as its mapping service grows more popular in the country, pitting it against Alphabet Inc.s Google Maps..
Shares of Map my India, formally known as CE Info Systems Ltd., have risen about 104% from the end of March, adding around $675 million in market value on demand for its consumer-facing app Mappls..
Mobius flagged the stock as one of his top picks in India in a June interview to Bloomberg, saying the company will benefit from digitization of the country..
The company is investing in in-house drone technologies and is also looking to acquire drone businesses, CEO Rohan Verma said in a phone interview..
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