1. Genesys shares hit upper circuit for second consecutive day

Genesys shares hit upper circuit for second consecutive day

The share price of the company jumped 20 per cent to Rs 83.15 in the early trade and hit an upper circuit on Friday.

By: | Published: October 9, 2015 12:17 PM
Genesys International Corporation, BSE Sensex

The share price of the company jumped 20 per cent to Rs 83.15 in the early trade and hit an upper circuit on Friday. (Photo: Reuters)

Genesys International Corporation shares continue to hit an upper circuit for the second day on bourses on Friday after the company informed BSE on October 7 (post market hours) that Quikr – India’s dominant online cross category classifieds company is making an investment in Genesys’ venture AN Virtual World Tech. Genesys, a leading Indian geospatial and Mapping Services Company sponsored WoNoBo (www. wonobo .com) – an unique immersive location based services platform which has helped bring millions of small businesses online and also represents the single largest unique real estate dataset of all the major cities of India.

The share price of the company jumped 20 per cent to Rs 83.15 in the early trade and hit an upper circuit on Friday. On Thursday, the scrip soared 20 per cent to Rs 69.3 from Rs 57.75 a day before. The BSE Sensex was up 0.89 per cent at 27,083.93 at 11.52 am.

This investment by Quikr is a strategic move as it deepens its offerings in several verticals and consolidating its position in the online classifieds industry.

For the quarter ended net profit of Rs 3.17 crore, up 81.60 per cent, against Rs 1.75 crore in the corresponding quarter a year ago.

In the past one month, the share price of Genesys International jumped 52 per cent to Rs 69.30 on October 8. Sensex jumped 7.8 per cent during the same period.

Genesys International Corporation is a multi-national corporation with offices in Europe, United States of America and India. The company provides world-class geospatial, engineering and information technology solutions to the Utility, Telecom, Energy, Government, Oil and Gas and PetroChemical sectors. It has one of the largest LIDAR acquisition and processing capabilities in the world.

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