Buy MapMyIndia, target price Rs 2,810: JM Financial

JM Financial has recommended buying C.E. Info Systems (MapMyIndia) with a target price of Rs 2810. The company reported financial growth and strategic changes. C.E. Info Systems will separate its B2C business and take a 10% stake in a new entity led by CEO Rohan Verma. Promoters hold a 51.67% stake.