Hot Pursuit     29-Oct-09
Genesys International hits the roof on higher Q2 profit
Genesys International Corporation was locked at upper circuit limit of 5% to Rs 156.85 on the BSE after net profit rose 2.70% to Rs 8.36 crore on 9.7% decline in sales to Rs 17.84 crore in Q2 September 2009 over Q1 June 2009.

The result was announced after trading hours on Wednesday, 28 October 2009.

Meanwhile, the BSE Sensex was down 48.44 points, or 0.30%, to 16235.05.

On BSE, 33,244 shares were traded in the counter as against an average daily volume of 18,106 shares in the past one quarter.

The stock hit a low of Rs 145 so far during the day. The stock had hit a 52-week high of Rs 187.20 on 21 October 2009 and a 52-week low of Rs 40.60 on 21 November 2008.

The stock had outperformed the market over the past one month till 28 October 2009, rising 26.18% as compared to the Sensex 2.45% fall. It outperformed the market in past one quarter, soaring 60.65% as against 6.21% rise in the Sensex.

The small-cap software solutions provider has an equity capital of Rs 14.92 crore. Face value per share is Rs 10.

The current price of Rs 156.85 discounts the company's Q2 September 2009 annualised EPS of Rs 22.41, by a PE multiple of 7.

Genesys International provides geospatial, engineering and information technology solutions to the utility, telecom, energy, government, oil & gas and petrochemical sectors.

Promoters have pledged 13.93 lakh shares representing 9.33% of the equity capital of the company. Total promoters shareholding in the company is 48.81% (as on June 2009).

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