Genesys International Share Price: Geospatial sector is expanding rapidly in the country. In such a situation, Genesys International, a listed IT services and consulting company related to this sector, can provide strong earnings to its investors. Brokerage house Elara Capital has released its coverage report on Genesis International and according to the brokerage house, a rise of more than 80 percent is possible in the stock.
Bumper rise possible in Genesis International!
Elara Capital in its coverage report has advised investors to buy the stock of Genesis International. According to the brokerage house, the stock can go up to Rs 1370, which is 81 percent more than the price level of the stock at the time of release of the coverage report. After this report of Elara Capital came out, there has been a strong rise in the shares of Genesis International and currently the share is trading at Rs 898. The face value of the company’s shares is Rs 5 and the market capitalization is Rs 3565 crore.
Genesis International returns multibagger!
However, Genesis International is a multibagger stock which has given 12 times returns to its shareholders in five years. The stock has seen a rise of 152 percent in the last one year and close to 120 percent in 2024. Promoters’ holding in Genesis International is 37.34 percent till September 2024. Foreign investors hold 7.97 percent in the company, domestic investors hold 0.19 percent and public holding is 54.49 percent.
Geospatial market will be worth Rs 293 billion
Elara Capital said in its coverage report that Genesis International is a big player in the rapidly growing geospatial sector in India. Due to the Government’s National Geospatial Policy 2022 and PM Gati Shakti, the geospatial sector is going to benefit greatly. Genesis International’s 3D digital twin technology, AI-driven mapping and real-time analytics have helped the company win high-value contracts such as NEOM City and Mumbai 3D City Model.
Currently the company has an order book of Rs 3.9 billion and Rs 24 billion in the pipeline. According to Elara Capital, India’s geospatial market will be worth Rs 293 billion by 2030 and Genesis International seems fully prepared to capitalize on it. Due to this, the brokerage house has advised investors to buy stocks.
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