{"id":134658,"date":"2024-09-27T13:56:19","date_gmt":"2024-09-27T08:26:19","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=134658"},"modified":"2024-09-27T14:04:46","modified_gmt":"2024-09-27T08:34:46","slug":"ashish-kacholia-stock-jumps-after-receiving-orders-worth-35-cr-from-saudi-arabia","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/ashish-kacholia-stock-jumps-after-receiving-orders-worth-35-cr-from-saudi-arabia\/","title":{"rendered":"Ashish Kacholia stock jumps after receiving orders worth \u20b9 35 Cr from Saudi Arabia\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3896872072\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Shares of this small-cap company, specializing in Geographical Information Services, rose nearly 2.15 percent to Rs. 800 per share after securing Rs. 35 crore projects from NEOM and the Saudi Geological Survey, marking a significant advancement in the adoption of geospatial technology for infrastructure development in Saudi Arabia.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-614462103\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Movement&nbsp;<\/strong><\/h2><p>In Friday\u2019s trading session, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/GENESYS\/standalone\" target=\"_blank\" rel=\"noreferrer noopener\">Genesys International Corporation Limited<\/a><\/strong>&#8216;s share price reached an intraday high of Rs.800 per share, up 2.15 percent from its previous closing price of Rs.783.1 apiece. The share has since retreated and is currently trading at Rs.787.7 each.\u00a0<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What is the news&nbsp;<\/strong><\/h2><p>On September 27, Genesys International, a leading mapping technology firm, has won two contracts valued at Rs.35 crores from NEOM Ltd and the Saudi Geological Survey Authority. These projects highlight the growing use of geospatial technology in Saudi Arabia&#8217;s infrastructure development.&nbsp;<\/p><p>Genesys will assist NEOM\u2019s Land Affairs Compliance and Enforcement division in high-precision mapping for land use compliance across key areas, including Oxagon and the Gulf of Aqaba.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2641904212\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read: <a href=\"https:\/\/tradebrains.in\/features\/stock-under-60-jumps-16-after-signing-contract-worth-115-13-cr-for-solar-power-plant\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stock under \u20b9 60 jumps 16% after signing contract worth \u20b9 115.13 Cr\u00a0for solar power plant<\/a><\/strong><\/p><\/blockquote><p>The Saudi Geological Survey project will focus on developing a Spatial Information System to manage geological risks in Makkah Al-Mukarramah and Riyadh, as part of the Authority&#8217;s Natural Geological Risks Monitoring Initiative.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Management Commentary&nbsp;<\/strong><\/h2><p>Commenting on this development, Mr. Sajid Malik, the Chairman, and Managing Director of Genesys International, said, &#8220;Geospatial technology is central to the ambitious vision of NEOM, and our expertise in this field will ensure accuracy in verifying land use compliance, and precise development of this groundbreaking project.&nbsp;<\/p><p>Our capabilities will also enable us to play a critical role in the efforts of The Saudi Geological Survey to manage potential risks, helping us to identify and mitigate hazards with precision to protect both communities and the natural landscape in key regions like Makkah and Riyadh. We look forward to working on these prestigious projects to put India\u2019s geospatial expertise on the global map.&#8221;&nbsp;<\/p><p>He stated that by using spatial information system technology and 3D Digital Twin expertise, Genesys aims to enhance the collection, storage, processing, and analysis of spatial data.&nbsp;<\/p><p>These projects highlight the company&#8217;s competency in advanced mapping technologies for prestigious global projects, with its Digital Twin program recently adopted by several prominent Indian cities.<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financial Performance&nbsp;<\/strong><\/h2><p>In its recent financial update for the quarter ending June 2024, Genesys International Corporation Limited reported revenue from operations of Rs. 55.76 crore, marking a 61.4 percent increase from Rs. 34.55 crore in Q1 FY24. Net profits improved to Rs. 5.3 crore, up from a net loss of Rs. 5.46 crore during the same period.&nbsp;<\/p><div class=\"trade-content-10\" id=\"trade-1818062209\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Company Overview&nbsp;<\/strong><\/h2><p>Genesys International Corporation Ltd is a leading advanced mapping company with over 2,000 professionals and a nationwide constellation of sensors dedicated to developing a new map stack for India.&nbsp;<\/p><p>The company specializes in emerging consumer applications of mapping technology and provides cutting-edge solutions for enterprise and government markets.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Also Read: <a href=\"https:\/\/tradebrains.in\/features\/stock-jumps-12-after-signing-loi-with-mcdonalds-to-boost-retail-business\/\" target=\"_blank\" rel=\"noreferrer noopener\">Stock jumps 12% after signing LoI with McDonald\u2019s to boost retail business<\/a><\/strong><\/p><\/blockquote><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by &#8211; Siddesh S Raskar\u00a0<\/strong><\/p><\/blockquote><p><strong>Disclaimer<\/strong><\/p><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing<\/strong>.<\/p><div class=\"trade-after-content\" id=\"trade-2936371724\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Shares of this small-cap company, specializing in Geographical Information Services, rose nearly 2.15 percent to Rs. 800 per share after securing Rs. 35 crore projects from NEOM and the Saudi Geological Survey, marking a significant advancement in the adoption of geospatial technology for infrastructure development in Saudi Arabia.&nbsp; Price Movement&nbsp; In Friday\u2019s trading session, Genesys [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":13572,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[6630,22956,12231,12233,12230,948,936,3157,12232],"class_list":["post-134658","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-ashish-kacholia-stock","tag-genesys-international-corporation","tag-genesys-international-corporation-latest-news","tag-genesys-international-corporation-latest-order","tag-genesys-international-corporation-share-price","tag-stock-market","tag-stock-market-news","tag-stock-to-watch","tag-why-is-genesys-international-corporation-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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