Only buyers in Genesys International; stock jumps 10 per cent in just two sessions!

On Wednesday, the equity markets commenced the trading session, diving into the red.

On Wednesday, the equity markets commenced the trading session, diving into the red. The benchmark indices i.e. Sensex and Nifty plunged 0.27 per cent & 0.28 per cent, respectively.  

Despite the dip taken by the markets, the stock of Genesys International is gaining the attention of investors by locking in the upper circuit. The share of Genesys International climbed 5 per cent, trading at Rs 580 per share. In the last two trading sessions, the stock has delivered 10 per cent returns. It rallied 16.27 per cent in the last week alone. The share of Genesys has given an astounding return of 18.24 per cent in a period of one month. On YTD basis, the stock soared 101.21 per cent. Moreover, speaking of one-year return, the stock has given astonishing returns of 417.34 per cent. 

The company has reported net sales of Rs 35.44 crore in March 2022, up by 13.51 per cent from Rs 31.22 crore in March 2021. While, the quarterly net profit stood at Rs 6.57 crore in March 2022, up by 124.37 per cent from Rs 26.97 crore in March 2021. 

Ace investor Ashish Kacholia is also heavily invested in this stock. The company is doing a fundraiser of close to Rs 255 crore. In addition to that, Malabar India Fund is set to infuse Rs 100 crore via equity and warrants. Also, Sundar Iyer, Ashish Nanda, Kamlesh Shah, Vijay Karnani, Sanjana Gupta, Inder Soni, Abhinaya Chakravarthi, and Mathew Cyriac will also infuse Rs 155 crore collectively.  The investor should a keep an eye on this stock.