This small-cap stock gained more than 5% after the company received an order worth Rs. 67 Cr. The stock has delivered 27% returns in one month. The company shares are currently, trading above both the 50-day and 200-day moving averages.
Genesys International Corporation Ltd
Genesys International Corporation Ltd belongs to a small-cap category with a market capitalisation of Rs. 1,405 Cr. On Monday stock gained over 5% and closed 4.4% up at Rs. 372 on NSE.
According to the company filing, Genesys International Corporation Ltd bags a project in Saudi Arabia worth Rs. 67 Cr for the production and updating of national coverage maps in Saudi Arabia. In a period of 18 months, the project will be completed.
As per the company filing, total revenue dropped by 19% from Rs. 44.06 Cr in Q1 FY23 to Rs. 35.47 Cr in Q1 FY24 and the company reported a net loss of Rs 5.4 Cr in Q1 FY24 against a profit of Rs. 1.9 Cr in Q1 FY23.
As per the latest shareholding information, Promoters hold 39.69%, FIIs hold 3.79%, FIIs hold 3.79% and the Public hold a 53.97% stake in the company.
Geographical information services (GIS), which include photogrammetry, remote sensing, cartography, data conversion, terrestrial and three-dimensional (3D) geo-content, including location, and other computer-based related services, are provided by Genesys International Corp Ltd. The government and businesses use the company’s services.
Written by Sheshadri N
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