India's Genesys International jumps as Elara starts with 'buy'

Genesys International

25/11/2024 10:07

** Shares of geospatial services provider Genesys
International Corporation  GENS.NS  settle 8.5% higher at 821
rupees, log their best day since late August 
    ** Elara Capital intiates coverage on stock with "buy"
rating and TP of 1,370 rupees, implying upside of 81% on co's
Friday close 
    ** GENE is poised for robust growth fueled by its leadership
in 3D mapping in India, Elara says 
    ** Expects GENE's revenue to grow at CAGR of 54% between
FY24-27, PAT at CAGR of 89%
    ** Elara says co's leadership in 3D Digital Twin technology,
AI-driven mapping enables it to secure high value contracts
    ** GENS has doubled in 2024 

 (Reporting by Nishit Navin)
 ((nishit.navin@thomsonreuters.com;))