Genesys International Corporation Ltd Share Price – NSE  /  BSE

IT - Software, Small Cap

The benchmark indices traded in a narrow range with small gains in mid-afternoon trade. The Nifty traded above the 23,900 level after hitting day’s low of 23,805.40 in early trade. PSU bank shares declined after advancing in the two consecutive trading sessions. Trading was volatile due to monthly F&O series expiry today.

At 14:30 IST, the barometer index, the S&P BSE Sensex, was up 277.06 points or 0.35% to 79240.08. The Nifty 50 index added 77.45 points or 0.32% to 23,946.25.

The Sensex and Nifty clocked an all-time high of 79,240.08 and 24,036.60 respectively in afternoon trade. Further, the Nifty Bank registered a life high of 53,180.75 in morning trade.

In the broader market, the S&P BSE Mid-Cap index shed 0.28% and the S&P BSE Small-Cap index declined 0.90%.

The market breadth was weak. On the BSE, 1,346 shares rose and 2,492 shares fell. A total of 125 shares were unchanged.

Buzzing Index:

The Nifty PSU Bank index declined 1.46% to 7,261.50. The index rose 0.45% in past two trading sessions.

Punjab National Bank (down 4.18%), Bank of India (down 2.95%), UCO Bank (down 2.39%), Punjab & Sind Bank (down 2%), Central Bank of India (down 1.97%), Union Bank of India (down 1.74%), Indian Overseas Bank (down 1.6%), Canara Bank (down 1.22%), Bank of Baroda (down 1.16%) and Bank of Maharashtra (down 1.04%) edged lower.

Numbers to Track:

The yield on India's 10-year benchmark federal shed 0.01% to 6.996 as compared with previous close 6.997.

In the foreign exchange market, the rupee edged higher against the dollar. The partially convertible rupee was hovering at 83.4875, compared with its close of 83.5750 during the previous trading session.

MCX Gold futures for 5 August 2024 settlement rose 0.04% to Rs 71,120.

The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was down 0.04% to 106.01.

The United States 10-year bond yield gained 0.49% to 4.336.

In the commodities market, Brent crude for August 2024 settlement added 43 cents or 0.50% to $85.68 a barrel.

Stocks in Spotlight:

Genesys International Corporation jumped 5.25% after the company announced a strategic partnership with NNG, a leading automotive navigation and connected car technology solutions provider.

Aurobindo Pharma shed 1.29%. The United States Food and Drug Administration (US FDA) inspected Telangana facility of Eugia SEZ, a 100% step-down subsidiary of Aurobindo Pharma from 19 February to 29 February 2024.

Powered by Capital Market - Live News

Through this collaboration, the company aims to transform the Indian automotive industry by providing its clients with AI-powered navigation and connected car solutions.

With over 22 years of operational expertise, NNG's technology is embedded in more than 30 million vehicles globally, collaborating with 34 prestigious automotive manufacturers, including Lamborghini, Ferrari, Renault, Ford, Mazda, Jaguar Land Rover, Harley Davidson, McLaren, and Porsche among others.

The partnership between Genesys International and NNG will introduce Indian drivers to a unique connected car experience through a wide range of tailor-made solutions by integrating Genesys' elaborate mapping data with NNG's advanced AI-powered navigation systems.

Sajid Malik, the CMD of Genesys International, said: “NNG’s world-renowned technological expertise is a valuable addition to our portfolio.

We are making remarkable strides to strengthen our automotive vertical, and this partnership with NNG shall significantly boost our services within the connected car technology space, enabling us to deliver advanced solutions that enhance the driving experience for Indian motorists.

By leveraging our AI-powered maps, Advanced Driver Assistance Systems (ADAS) with Intelligent Speed Assistance (ISA) alongside NNG’s exceptional navigation solutions and connect car services, we look forward to using our combined strengths to contribute to building safer and smarter mobility solutions in India.

Genesys International Corporation is a premier advanced mapping company. With a team of over 2,000 professionals along with the nationwide Genesys constellation of sensors, the company is building the new India map stack. Genesys International has unique expertise, encompassing an understanding of emerging consumer applications related to mapping technology and the capability to provide cutting-edge solutions on the enterprise and government markets.

The company's consolidated net profit surged to Rs 14.85 crore in the quarter ended March 2024 as against Rs 2.15 crore during the previous quarter ended March 2023. Sales rose 52.66% to Rs 71.17 crore in Q4 FY24 over Q4 FY23.

Powered by Capital Market - Live News

Genesys International has announced a strategic partnership with NNG, a leading Automotive navigation and connected car technology solutions provider. Through this collaboration, the company aims to transform the Indian automotive industry by providing its clients with state-of-the-art AI-powered navigation and connected car solutions.

With over 22 years of operational expertise, NNG's technology is embedded in more than 30 million vehicles globally, collaborating with 34 prestigious automotive manufacturers, including Lamborghini, Ferrari, Renault, Ford, Mazda, Jaguar Land Rover, Harley Davidson, McLaren, and Porsche among others. The partnership between Genesys International and NNG will introduce Indian drivers to a unique connected car experience through a wide range of tailor-made solutions by integrating Genesys' elaborate mapping data with NNG's advanced AI-powered navigation systems.

Powered by Capital Market - Live News

Net profit of Genesys International Corporation rose 590.70% to Rs 14.85 crore in the quarter ended March 2024 as against Rs 2.15 crore during the previous quarter ended March 2023. Sales rose 52.66% to Rs 71.17 crore in the quarter ended March 2024 as against Rs 46.62 crore during the previous quarter ended March 2023.

For the full year,net profit rose 15.67% to Rs 22.07 crore in the year ended March 2024 as against Rs 19.08 crore during the previous year ended March 2023. Sales rose 9.45% to Rs 198.24 crore in the year ended March 2024 as against Rs 181.13 crore during the previous year ended March 2023.

Powered by Capital Market - Live News