Genesys International Corp gallops 20%

The company informed that Quikr is making an investment in Genesys' venture A.N.Virtual World Tech.

Oct 08, 2015 10:10 IST India Infoline News Service

Genesys International Corporation is trading on a gung-ho note on the BSE. The company informed that Quikr is making an investment in Genesys' venture A.N.Virtual World Tech Ltd. This investment by Quikr is a strategic move as it deepens its offerings in several verticals and consolidating its position in the online classifieds industry.

The scrip opened at Rs. 60 and has touched a high and low of Rs. 69.3 and Rs. 60 respectively. So far 28500(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs. 175.83 crore.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 79 on 16-Oct-2014 and a 52 week low of Rs. 42.05 on 08-Sep-2015. Last one week high and low of the scrip stood at Rs. 58.05 and Rs. 52 respectively.

The promoters holding in the company stood at 57.7 % while Institutions and Non-Institutions held 13.4 % and 28.9 % respectively.

The stock is currently trading below its 50 DMA.

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