The headline equity benchmarks traded with major losses in mid-afternoon trade. The Nifty slipped below the 24,350 mark. PSU bank shares declined after advancing in the past trading session. At 14:30 IST, the barometer index, the S&P BSE Sensex, tumbled 1,134.46 points or 1.38% to 80,621.62. The Nifty 50 index dropped 355.75 points or 1.44% to 24,312.50. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index fell 0.66% and the S&P BSE Small-Cap index shed 0.46%. The market breadth was weak. On the BSE, 1,579 shares rose and 2,389 shares fell. A total of 106 shares were unchanged. Economy India's total exports (merchandise and services combined) for November 2024 are estimated at $67.79 billion, registering a positive growth of 9.59 percent vis-'-vis November 2023. Total imports (merchandise and services combined) for November 2024 are estimated at $87.63 billion, registering a positive growth of 27.47 percent vis-'-vis November 2023. Buzzing Index: The Nifty PSU Bank index slipped 1.80% to 6,929.55. The index rose 0.40% in the past trading session. Bank of India (down 2.71%), Union Bank of India (down 2.23%), Indian Bank (down 2.23%), Bank of Baroda (down 1.83%), Bank of Maharashtra (down 1.64%), Punjab National Bank (down 1.61%), Canara Bank (down 1.46%), State Bank of India (down 1.38%), Indian Overseas Bank (down 1.16%) and UCO Bank (down 1.08%) declined. Numbers to Track: The yield on India's 10-year benchmark federal paper rose 0.32% to 6.873 as compared with the previous close of 6.851. In the foreign exchange market, the rupee edged lower against the dollar. The partially convertible rupee was hovering at 84.9250, compared with its close of 84.9100 during the previous trading session. MCX Gold futures for the 5 February 2024 settlement shed 0.13% to Rs 76,964. The US Dollar index (DXY), which tracks the greenback's value against a basket of currencies, was up 0.15% to 107.02. The United States 10-year bond yield gained 0.53% to 4.423. In the commodities market, Brent crude for February 2024 settlement lost 41 cents, or 0.55% to $73.50 a barrel. Stocks in Spotlight: Genesys International Corporation jumped 8.22% after the firm received a project worth Rs 56 crore from Directorate of Land Records and Surveys (DLRS), West Bengal to improve the state's land records using advanced geospatial technology. Everest Industries added 0.39%. The company has informed that Pramod Nair, chief financial officer (CFO) has resigned from his position with effect from the close of working hours on 10 January 2025, to pursue opportunities outside the company. Powered by Capital Market - Live

Given the scale and complexity of the task, the project relies on cutting-edge technology for precision mapping and georeferencing. The DLRS team will provide critical stereo and mono imagery as input data, which will serve as the foundation for generating high-resolution orthorectified images (ORI) and georeferenced cadastral maps. The stereo image pairs will enable Genesys to create 3D terrain models essential for ORI generation, while mono satellite images will support additional mapping requirements. The project is expected to transform land record management in West Bengal by improving the accuracy of cadastral maps, enhancing usability for administrative purposes, and increasing public access. The integration of georeferenced vector maps with high-resolution orthorectified images will ensure reliable and up-to-date land data, critical for land administration, dispute resolution, and urban planning. Sajid Malik, chairman and managing director, Genesys International Corporation, said, 'We are proud to partner with the Directorate of Land Records and Surveys to contribute to the modernization of land records in West Bengal. Leveraging our expertise in geospatial technology, this project will bring precision, transparency, and efficiency to land management. Our work will ensure that citizens and administrators alike benefit from accurate, high-resolution data for better decision-making and governance. Genesys International Corporation is a premier advanced mapping company. With a team of close to 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 reported consolidated net profit of Rs 11.23 crore in Q2 FY25 as compared with net loss of Rs 3.30 crore in Q2 FY24. Net sales surged 117% to Rs 72.02 crore during the quarter ended 30 September 2024.Powered by Capital Market - Live

Genesys International Corporation has allotted 26,550 equity shares under ESOP on 27 November 2024. Consequently, post-allotment the paid-up capital of the company shall stand increased to Rs. 19,86,02,050 divided into 3,97,20,410 equity shares of face value of Rs. 5/- each. Powered by Capital Market - Live

Genesys International Corporation Ltd fell 7.79% today to trade at Rs 754.5. The BSE Information Technology index is down 1.1% to quote at 41029.99. The index is down 4.16 % over last one month. Among the other constituents of the index, Xchanging Solutions Ltd decreased 3.44% and Birlasoft Ltd lost 2.06% on the day. The BSE Information Technology index went up 33.1 % over last one year compared to the 25.53% surge in benchmark SENSEX. Genesys International Corporation Ltd has lost 2.68% over last one month compared to 4.16% fall in BSE Information Technology index and 5.27% drop in the SENSEX. On the BSE, 43837 shares were traded in the counter so far compared with average daily volumes of 28300 shares in the past one month. The stock hit a record high of Rs 855.5 on 04 Sep 2024. The stock hit a 52-week low of Rs 299 on 08 Nov 2023.Powered by Capital Market - Live

Net profit of Genesys International Corporation reported to Rs 11.23 crore in the quarter ended September 2024 as against net loss of Rs 3.30 crore during the previous quarter ended September 2023. Sales rose 116.99% to Rs 72.02 crore in the quarter ended September 2024 as against Rs 33.19 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales72.0233.19 117 OPM %40.7923.23 - PBDT28.508.09 252 PBT16.25-2.85 LP NP11.23-3.30 LP Powered by Capital Market - Live

Genesys International Corporation will hold a meeting of the Board of Directors of the Company on 28 October 2024.Powered by Capital Market - Live

Genesys International Corporation has allotted 59,696 equity shares of face value of Rs. 5/- each pursuant to the exercise of the Stock Options by the eligible employees of the Company under the Genesys ESOP Scheme -2020 and Genesys ESOP Scheme -2022. Consequently, post-allotment the paid-up capital of the company shall stand increased to Rs. 19,84,69,300 divided into 3,96,93,860 equity shares of face value of Rs. 5/- each.Powered by Capital Market - Live

Genesys International Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Genesys International Corporation announced that the Annual General Meeting (AGM) of the company will be held on 30 September 2024.Powered by Capital Market - Live

Revenue from operations surged 61.39% year on year (YoY) to Rs 55.76 crore in the quarter ended 30 June 2024. Profit before tax for the quarter stood at Rs 8.78 crore as compared with pre-tax loss of Rs 5.24 crore recorded in first quarter of FY24. During Q1 FY25, EBITDA stood at Rs 22.03 crore in June 2024 quarter, significantly higher from 6.53 crore in similar quarter previous fiscal. EBITDA margin improved to 38.88% in Q1 FY25 as against 18.60% in Q1 FY24. Sajid Malik ' chairman & managing director said, 'This year should see the impact of our India map stack as is beginning to get reflected in our current quarter. In the quarter in question, we launched one of the most state of art automotive navigation map platform and in the coming quarters we expect to see good traction in terms of new product launches. We have also made great progress of our 3D Digital twin initiatives with several cities adopting the same. We expect this to be a game changer in terms of the usage of map data for multiple markets as the markets now evolve towards 3D and the digital twin space. Over the past quarter several market developments favor the large-scale adoption of Genesys 3Ddata in the areas of solar /renewable energy , urban planning , real estate , disaster management, land records and our advanced location intelligence product for BFSI, insurance and retail sectors.' The company stated, 'This quarter's result reflect the impact of the New India map stack strategy and the content program developed by the company. The adoption of the company's content program has picked up momentum, and during the quarter, the company secured some significant contracts that will benefit its future. Over the next few quarters, we anticipate a strong momentum in product launches across key verticals.' Genesys International Corporation is a premier advanced mapping company. With a team of close to 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. Powered by Capital Market - Live