The company has been accused of copying MapMyIndia, a Delhi-based tech company that makes digital maps for services. MapMyIndia reportedly served a legal notice to the Bengaluru-based company for copying their data and system. Ola was ostensibly forced to chalk out its own navigation system after its fallout with market leader Google Maps over the issue of pricing.

‘This Is Very Opportunistic’: Bhavish Aggarwal Says Ola Will Respond To MapMyIndia Publicly Over ‘Copycat’ Allegations

A host of brokerages, including global and domestic, have initiated coverage on several stocks. They are bullish on companies such as Zomato, Muthoot Finance, Sansera Engineering, and CE Info Systems with a targeted upside of up to 30%. Here is a list of 7 stocks on which brokerages initiated coverage: Stock Watchlist

Brokerages initiate coverage on Zomato, 6 other stocks; see up to 30% upside potential - Stock Watchlist

Ola's Bhavish Aggarwal Rejects MapMyIndia's Charges | N18S | CNBC TV18

Ola Electric’s founder, Bhavish Aggarwal, has defended the company against a lawsuit filed by MapMyIndia, coming just days before Ola Electric’s scheduled initial public offering (IPO) on Friday.

Ola Electric’s Bhavish Aggarwal responds to MapMyIndia’s notice, calls it ‘opportunistic’

KOGO, India’s first AI agentic framework, offers a revolutionary OS for various industries, backed by MapMyIndia.

‘KOGO’s AI agentic framework performing real-world tasks is a first in India’

Ola Electric’s founder Bhavish Aggarwal defended the company following MapMyIndia’s lawsuit for alleged data theft. The lawsuit was filed ahead of Ola’s Rs 5,500 crore IPO. Ola dismissed the claims, asserting their business integrity and intent to respond to the allegations in due course.

‘Opportunistic’: Ola Electric CEO Bhavish Aggarwal slams MapMyIndia over lawsuit

MapMyIndia vs Ola Electric: MapMyIndia’s legal notice alleges Ola’s activities breach the 2021 agreement’s terms, which specifically forbid co-mingling and reverse engineering as per Intellectual Property regulations

MapMyIndia accuses Ola Electric of data theft for maps, sends legal notice

Ola Electric has been accused by CE Info Systems, parent company of MapMyIndia, of duplicating proprietary data to create Ola Maps. Ola has firmly denied these allegations, stating they are false and misleading.

Ola Electric denies MapMyIndia’s data theft allegations over Ola Maps

OLA recently launched OLA Maps. Though OLA two-wheelers still offer a choice of MapMyIndia maps to its customers, a certain market share loss due to this development cannot be ruled out, JM Financial said in a note last month.

MapMyIndia shares: CE Info Systems stock in focus as firm sues IPO-bound Ola Electric

MapMyIndia Sues Ola Electric For Allegedly 'Copying' Data To Build Ola Maps

MapmyIndia Sends Legal Notice To Ola Maps

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

C.E. Info systems is a data and technology products and platforms company, offering proprietary digital maps as a service (“MaaS”), software as a service (“SaaS”) and platform as a service (“PaaS”). 