News for Genesys International Corporation Limited (GENESYS.BO)

Indian IT stocks are set to end 2024 on a strong note, with seven stocks in the BSE IT index becoming multibaggers and 22 others delivering double-digit returns. Analysts expect the sector to perform well in 2025, driven by strong demand for digital transformation, AI adoption, and the US Fed's policy shift, boosting discretionary spending by companies.

Genesys International partners with SatSure to develop geospatial solutions for aviation, forestry, disaster management, and utilities.

Ace investor Ashish Kacholia's portfolio of 38 stocks boasts impressive results, with five multibaggers showing significant growth in the April-June quarter. NIIT achieved the highest PAT increase of 222%, while Garware Hi-Tech Films reported a 102% rise. Other strong performers included Raghav Productivity Enhancers, Aditya Vision, and Gravita India.

Nifty closed 66 points lower, ending above the 24,400 mark and forming a High Wave candle pattern. Analysts indicate a sustainable move above 24,580 is needed to confirm a near-term bottom reversal. The index has broken below the 10-day Exponential Moving Average (EMA) support and is now nearing the 20-day EMA support around 24,270.

In another development, shares of the real estate sector jumped after FM announced that Rs 2.2 lakh crore push to make housing more affordable.

Shares of infrastructure companies traded mixed in the late morning trade after Finance Minister Nirmala Sitharaman announced that the government will provide Rs 26,000 crore boost to road connectivity projects.

Buzzing Stocks Today, Stocks that will see action today: July 8, 2024 - LIC, JM Financial, Infosys, Apollo Hospitals, Bandhan Bank, GMR Power, Coffee Day, PNB, HG Infra, Zaggle, Delhivery, Union Bank, BoB, UGRO Capital, Indsil Hydro, Welspun Corp, Quick Heal, Signature Global, HEG, Genesys Intel, Fermenta Bio, EFC

Genesys International's stock zoomed up to 9.5 per cent at Rs 620 per share on the BSE in Thursday's intraday trade

Genesys International, a mapping company that partnered with The Survey of India in 2023, has reported a 48% rise in revenue in since Q4FY23.

Support for the Nifty is seen at 22,000 and 21,700-800 levels. On the higher side, the immediate resistance for the Nifty is at 22,150-175 levels, followed by 22,300-350. Overall, the coming week should set up the market for a large trending move.

The Indian rupee touched record low 83.57 during the week and ended marginally lower at 83.47 on April 19 against its April 12 closing 83.42.

Veritas will implement the project for the Mumbai civic body along with Genesys International Corporation Limited

Stocks to watch: Check out the companies making headlines before the opening bell today, on March 19, 2024.

Genesys and Survey of India to bring digital twins to Indian cities by 2035. A game-changer for urban planning.

BSE's Sensex dropped 259.59 points, or 0.36 per cent, to settle at 71,423.65, while NSE's Nifty50 declined 50.60 points, or 0.23 per cent, to end the day at 21,571.80 for the day.

The short-term technical outlook for Nifty continues to be in favor of the bulls, with support seen at 20089-19909 and resistance at 20500-20751, says Prashanth Tapse, Senior VP (Research), Mehta Equities.

All the sectoral indices ended in the green with BSE Oil & Gas and Power indices adding 5.7 percent each, BSE Capital Goods index up 3.6 percent, and BSE Metal index up 3 percent.

Stocks to watch: Check out the companies making headlines before the opening bell today, on November 23, 2023.

Among sectors, auto, FMCG, PSU Bank, capital goods, realty and metal indices up 1-3 percent.