Genesys International Share Price: The 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 huge 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!

In its coverage report, Elara Capital 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 when the coverage report was released. After the release of this report of Elara Capital, there has been a strong rise in the stock of Genesis International and currently the stock is trading at Rs 898. The face value of the company's share is Rs 5 and the market capitalization is Rs 3565 crore. 

Genesis International gives multibagger returns!

By the way, Genesis International is a multibagger stock which has given 12 times return 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. As of September 2024, promoters holding in Genesis International is 37.34 percent. 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. The geospatial sector is going to benefit greatly due to the government's National Geospatial Policy 2022 and PM Gati Shakti. Genesis International's 3D digital twin technology, AI-driven mapping and real-time analytics have helped the company secure high-value contracts like NEOM City and Mumbai 3D City Model. 

Currently, the company has an order book of Rs 3.9 billion and an order of Rs 24 billion is in the pipeline. According to Elara Capital, India's geospatial market will reach 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 the stock.