The shares of one of the leading mapping technology solution providers surged 7 percent to Rs 487 per share after the company’s new india map platform was chosen as the official map for Ayodhya city.
With a market capitalization of Rs 1,805 crore, Genesys International Corporation Ltd belongs to the small-cap category.
Genesys International’s New India map platform has been chosen as the official map for Ayodhya city by the Ayodhya Development Authority. The company’s New India map platform integrates cutting-edge 2D navigation and a 3D digital twin of the Ayodhya city.
The Genesys Ayodhya map will not only give optimal routes and destinations but will also include specific features catering to electric vehicles, consistent with Ayodhya’s dedication to environmental sustainability.
The project will have outstanding features such as an advanced 3D mapping system with navigation and a one-of-a-kind change detection tool. This capability enables authorities to quickly follow and monitor developments, allowing for the rapid deployment of resources and infrastructure where needed.
Genesys International Corporation Ltd is engaged in providing Geographical Information Services comprising of photogrammetry, remote sensing, cartography, data conversion, terrestrial and 3D geo-content including location navigation mapping and other computer-based related services.
The company’s services include photogrammetry, remote sensing, cartography, data conversion, state-of-the-art terrestrial and 3D geo-content including location navigation mapping, and other computer-based related services.
The company’s revenue has decreased by 10 percent yearly, rising from Rs 37 crore in Q2FY23 to Rs 33 crore in Q2FY24. Further, within the same period, Net profit was reduced from Rs 3.23 crore to a loss of Rs 3.43 crore.
Genesys International Corporation shares have gained 61 percent in the last six months and 10 percent in a year. The company exports its services to the USA, UAE, Cyprus, Saudi Arabia, Ghana, etc.
The company’s clients include reputed companies such as Tata Projects, Vindhya Telelinks, Sterlite Technologies, and Reliance Corporate IT Park Ltd.
At the time of writing this report, Genesys International Corporation shares were trading at Rs 477.10 per share, up 4.79 percent from the previous close price.
Written by Omkar Chitnis
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