Ashish Kacholia's portfolio multibagger stock: This small-cap IT company bags new order worth Rs 22 crore to use digital twin technology for Dharavi redevelopment!

The stock gave multibagger returns of 675 per cent in a span of 3 years whereas BSE Sensex Index is up by 52.3 per cent.

Genesys International, a homegrown leader in mapping technology, has secured a transformative order to deploy its state-of-the-art Digital Twin mapping technology for the redevelopment of Dharavi, recognized as Asia's most densely populated urban settlement. The order is valued at Rs 22 crore (excluding GST), and has been awarded by Porter House, a testament to Genesys' reputation as a leading force in mapping innovation. The project is anticipated to be completed within a timeframe of 9 months, promising a revolutionary transformation of Dharavi's landscape and urban planning

This initiative aligns seamlessly with Mumbai city's long-standing goal of revitalizing key areas and underscores Genesys' unwavering commitment to pushing the boundaries of mapping technology. The Oyster 3D Maps platform, renowned for its precision and innovation, will play a pivotal role in this ambitious project. Mapping the unmapped is a big step towards urban inclusion.

Genesys has also launched the new India Map stack, targeting advanced platforms in consumer, logistics, automotive, and infrastructure areas. The company's continued expansion and involvement in transformative projects solidify its position as a global leader in cutting-edge geospatial solutions.

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. As of September 2023, an ace investor, Ashish Kacholia owns a 1.98 per cent stake in the company.

Talking about the financials, Genesys is a Small-Cap company with a market cap of over Rs 1,600 crore with a 3-year stock price CAGR of 99 per cent.

Today, shares of Genesys International Corporation plunged 1.13 per cent to Rs 431.95 per share with an intraday high of Rs 444.65 and an intraday low of Rs 429.65. The stock gave multibagger returns of 675 per cent in a span of 3 years whereas BSE Sensex Index is up by 52.3 per cent. Investors should keep an eye on this small-cap IT stock.

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