Genesys International Corporation shines on receiving order of Rs 46 crore for Land Titling Project

Genesys International Corporation is currently trading at Rs. 570.35, up by 9.60 points or 1.71% from its previous closing of Rs. 560.75 on the BSE.

Genesys International Corporation

Genesys International Corporation

The scrip opened at Rs. 557.75 and has touched a high and low of Rs. 578.95 and Rs. 557.75 respectively. So far 1425 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 5 has touched a 52 week high of Rs. 669.85 on 29-Jul-2022 and a 52 week low of Rs. 226.75 on 28-Oct-2021.

Last one week high and low of the scrip stood at Rs. 581.50 and Rs. 507.10 respectively. The current market cap of the company is Rs. 2068.80 crore.

The promoters holding in the company stood at 47.62%, while Institutions and Non-Institutions held 5.18% and 47.19% respectively.

Genesys International Corporation has won a Rs 46 crore project for resurveying with modern technology using CORS Network, GNSS Receiver, and Aerial Systems from the Andhra Pradesh government.

The project will make use of the company’s recently launched Genesys Constellation, which is India’s most comprehensive range of aerial, mobile, and terrestrial sensors that converts everyday objects into data sources.

The deregulation of geospatial space has provided the industry a significant boost, and it will enable companies like Genesys better serve the public and private sectors.

Projects like land titling digitalization are examples of how the public sector is leveraging the latest technologies/initiatives enabled by the deregulation.

As part of the project, Genesys Constellation will demarcate residential zones, farms, and other natural and infrastructural characteristics, as well as property mapping and data digitization across the state.

The project is planned to be finished by the end of financial year 2022-23.

Genesys International is an advanced mapping solutions company.

With state-of-the-art infrastructure and a growing list of Fortune 500 and SME clients, it is well-positioned to play a significant role in the global GIS and Geospatial industry.

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