Shares of this small-cap company, specializing in Geographical Information Services, fell over 4 percent on Monday to Rs.755.20 per share after, promoter Kadam Holding sold a 3 percent stake in the company.
Price Movement
In Monday’s trading session, Genesys International Corporation Limited‘s share price dropped to an intraday low of Rs.755.20 per share, down 4.3 percent from its previous closing price of Rs.789.20 apiece. The share has recovered since then and is currently trading at Rs.770.00 each.
What is the news
Kadam Holding, a promoter of Genesys International, a leading mapping technology firm, sold a 3 percent stake in the company at an average price of Rs.755.77 per share, along with an additional 0.82 percent stake at an average price of Rs.777.95 per share.
Meanwhile, Discovery Global Opportunity Mauritius acquired a 1.13 percent stake at an average price of Rs.750 per share.
Services Offered
Genesys International provides a range of services, including 3D Digital Twin Technology that integrates IoT, AI, and machine learning for modeling. They utilize LiDAR Engineering for high-resolution data collection and offer Geospatial Mapping that combines traditional aerial imagery with modern techniques.
Their offerings also include Building Information Modeling (BIM) for large projects and tailored consulting services across sectors.
Recent Developments
Genesys International has been actively pursuing collaborations to enhance its service portfolio. Recently, the company teamed up with SatSure to deliver advanced geospatial solutions. Moreover, it is concentrating on expanding its expertise in high-definition mapping for autonomous vehicles and smart city initiatives.
Shareholding Pattern
As of the September 2024 shareholding pattern, promoters hold a 37.34 percent stake in Genesys International, with Foreign Institutional Investors (FIIs) holding 7.97 percent, Domestic Institutional Investors (DIIs) at 0.19 percent, and retail investors owning 54.50 percent.
Financial Performance
In its latest financial report for the quarter ending September 2024, Genesys International Corporation Limited announced revenue from operations of Rs.72 crore, representing a 118 percent rise from Rs.33 crore in Q2 FY24. The company also reported net profits of Rs.11 crore, a turnaround from a net loss of Rs.3 crore in the same quarter last year.
Company Overview
Genesys International Corporation Ltd. is a prominent Indian company specializing in geospatial services, with a strong emphasis on advanced mapping, surveying, and geospatial engineering. The firm focuses on innovative consumer applications of mapping technology, delivering state-of-the-art solutions for both enterprise and government sectors.
Written by – Siddesh S Raskar
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