Hot Pursuit     09-Oct-15
Genesys International Corp hits 52-week high
Genesys International Corporation was locked at 20% upper circuit at Rs 83.15 at 11:14 IST on BSE, with the stock extending yesterday's rally triggered by the announcement that Quikr is making an investment in Genesys' venture.

Meanwhile, the S&P BSE Sensex was up 237.16 points or 0.88% at 27,082.97.

On BSE, so far 33,000 shares were traded in the counter as against average daily volume of 4,987 shares in the past two weeks.

The stock's trading price of Rs 83.15 is also its 52-week high for the counter. The stock hit a low of Rs 83 so far during the day. The stock had hit a 52-week low of Rs 42.05 on 8 September 2015.

Shares of Genesys International Corporation have rallied 43.98% in two trading sessions from Rs 57.75 on 7 October 2015, after the company announced after market hours on 7 October 2015 that Quikr, an online cross category classifieds company is making an investment in Genesys' venture A.N.Virtual World Tech. The stock had rallied by the maximum permissible level of 20% to settle at Rs 69.30 yesterday, 8 October 2015.

Genesys International Corporation did not disclose the financial and other aspects of investment by Quikr in A.N.Virtual World Tech. The investment by Quikr is a strategic move as it deepens its offerings in several verticals and consolidates its position in the online classifieds industry, Genesys said.

Genesys International Corporation's net profit surged 82.2% to Rs 3.17 crore on 16.8% decline in net sales to Rs 13.28 crore in Q1 June 2015 over Q1 June 2014.

Genesys is one of the leading geospatial and mapping services company in India.

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