The shares of Genesys International Corporation Limited opened 4 per cent higher at Rs 546 as against its previous close of Rs 520. In the span of a month, the stock has shed approximately 11 per cent. However, on a YTD basis, the stock has delivered 86 per cent returns.
A year ago the shares of the company were trading at Rs 197 a piece on NSE. From there it has spiked up to the current levels thereby delivering a multibagger return of 170 per cent to its investors.
Genesys International Corporation Ltd offers Geographical Information Services such as photogrammetry, remote sensing, cartography, data conversion, terrestrial and 3D geo-content, position navigation mapping, and other computer-based services.
The company has recently announced a collaboration with Bentley Systems, which is an infrastructure engineering software company, to provide 3D mapping capabilities for major cities across India.
Genesys’s 3D City Digital Twin Solution for Urban India which is the first city digital twin project launched by any Indian company, will be powered by OpenCities 365, Bentley’s infrastructure digital twin solution for cities and campuses.
The first city digital twin project established by Genesys’ 3D City Digital Twin Solution for Urban India, will be powered by OpenCities 365, Bentley’s infrastructure digital twin solution for cities and campuses.
In Q1FY23, the company reported a 230 per cent jump in its total revenue to Rs 42 crores up from Rs 13 crores which they earned in the same quarter a year earlier. Their net profit for the period stood at Rs 1 crore as compared to a loss of Rs 8 crore in Q1FY22.
The market capitalization of the company is at Rs 1,968 crores as of September 29th. The promoters hold a 47.62 per cent stake in the company and have pledged a 5.24 per cent stake.
Written by Anoushka Roy
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