Indian spatial solutions provider Genesys International rises on order win

Genesys International

18/12/2023 09:53

** Shares of Genesys International Corp  GENS.NS  rise as
much as 7.9% to 453.4 rupees; currently trading 4.6% higher
    ** Co, which provides geospatial solutions, gets order worth
220 mln rupees ($2.65 mln)
    ** Stock on track to snap four straight sessions of losses
    ** GENS set to gain for second straight quarter after five 
quarters of losses
    ** Stock has been above 50-day, 100-day, and 200-day simple
moving avgs since Nov. 23, when co said it entered into a
partnership with state-run Survey of India
    ** More than 485,000 shares change hands by 3:00 p.m.,
slightly above the 30-day daily avg
    ** Trading volumes in Dec second-highest this year, and most
in a quarter since its listing in March 2003
    ** Stock trims YTD losses to ~3%




($1 = 82.9651 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))