520 per cent returns: This multibagger IT company bags fresh order worth Rs 67 crore from AL Moammar Information Systems!

The stock gave multibagger returns of 520 per cent in a span of 3 years whereas BSE Sensex Index is up by 72 per cent.

Genesys International Corporation Ltd informed that the company bags a fresh order worth Rs 67 crore from AL Moammar Information Systems Co. The contract awarded for a project for the production and updating of national coverage maps and would involve creating elevation models, digital form outputs, updating of buildings layer, transport network, hydrographic network, land cover database and alignment with the national geospatial platform.

The order will be completed in a period of 18 months. Earlier, the company received an order worth Rs 9 crore from Saudi Arabia. With this, the cumulative order wins in the Kingdom of Saudi Arabia totalling Rs 76 crore.

Mr Sajid Malik, CMD of Genesys International Ltd, commented on the development, stating, "We are excited to deepen our roots in Saudi Arabia, a nation spearheading transformative infrastructure projects. Securing cumulative orders worth Rs 76 crore underscores our team's expertise and dedication to the region's development. We look forward to making a significant contribution to Saudi Arabia's growing infrastructure landscape and continuing to provide exceptional value to our clients."

Mr Malik further added, “The establishment of the office/subsidiary in KSA signifies just the beginning of an exciting journey. Genesys remains committed to nurturing robust partnerships, driving innovation, and consistently delivering excellence to meet the evolving needs of our clients not only in Saudi Arabia but also across the global landscape.”

Genesys International Corporation Ltd is engaged in providing geographical information services comprising of photogrammetry, remote sensing, cartography, data conversion, terrestrial and 3D geo-content including location navigation mapping and other computer-based related services.

Talking about the financials, the company is a Small-Cap company with a market cap of Rs 1,380 crore with a 3-year stock price CAGR of 82 per cent.

On Wednesday, shares of Genesys International Corporation plunged 1.14 per cent to Rs 365.2 per share with an intraday high of Rs 382.4 and an intraday low of Rs 364.95. The stock gave multibagger returns of 520 per cent in a span of 3 years whereas BSE Sensex Index is up by 72 per cent. Investors should keep an eye on this small-cap stock.

Disclaimer: The article is for informational purposes only and not investment advice.