Ashish Kacholia's portfolio multibagger stock: This small-cap IT company bags new order worth Rs 26 crore of Holy City of Mecca!

The stock gave multibagger returns of 630 per cent in a span of 3 years whereas BSE Sensex Index is up by 52.76 per cent.

Genesys International Corporation Ltd informed that its subsidiary in Saudi Arabia, Genesys Middle East Ltd, has been awarded the prestigious contract for the 3D Digital Twin mapping of the Holy City of Mecca by the Kingdom of Saudi Arabia. This pioneering project, valued at Rs 26 crore in this phase marks a historic venture into utilizing digital twin mapping technology for urban planning, modelling, and monitoring.

The contract stipulates the completion of the project within 6 months from the Letter of Award (LoA). This is a large validation of Genesys' proprietary platform, Oyster 3D Maps, for this high-precision mapping endeavour. The scope includes crucial aspects such as crowd management, disaster management and planning for one of the most visited spots in the world.

Earlier, Genesys International and Survey of India (SOI) partnered to create digital twins of major Indian cities. The twins will be made using Genesys' highly accurate maps, LiDAR and optical sensors, and SOI's CORS network for real-time positioning data. This will allow for the creation of detailed 3D models of cities, which can be used for urban planning, disaster management, and infrastructure development. The partnership is aligned with India's National Geospatial Policy 2022, which promotes self-reliance in geospatial data production and usage. It is also expected to create new jobs and businesses in the geospatial sector. The first digital twins are expected to be completed by the end of 2024.

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, the company is a Small-Cap company with a market cap of Rs 1,566 crore with a 3-year stock price CAGR of 93 per cent.

Today, shares of Genesys International Corporation gained 0.56 per cent to Rs 414 per share with an intraday high of Rs 430.3 and an intraday low of Rs 406.35. The stock gave multibagger returns of 630 per cent in a span of 3 years whereas BSE Sensex Index is up by 52.76 per cent. Investors should keep an eye on this stock.

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