Top Gainer Stock: This Small-Cap IT Services Stock Jumps 40% in 2 Days; Here’s Why

On Wednesday, Indian equity benchmark indices traded lower, with the benchmark Nifty 50 index falling 18.25 points, or 0.07 per cent, to 24,316.30. Amid the market movement, Genesys International Corporation share price was trading at Rs 254.90, with the stock gaining around 18.97 per cent in the session, making it one of the Top Gainers in the market. The stock has jumped approximately 40 per cent in the last two trading sessions, according to the market data provided.

Genesys International Allots 2.50 Crore Rights Shares

The sharp movement in Genesys International comes after the company announced the allotment of 2,50,74,226 equity shares on a rights basis.

According to the company's regulatory filing dated August 24, 2026, the Board approved the allotment of these equity shares with a face value of Rs 5 each at an issue price of Rs 50 per share, including a premium of Rs 45 per share.

The allotment was carried out pursuant to the terms of the Letter of Offer dated July 31, 2026 and the basis of allotment finalised in consultation with the issue's registrar, Bigshare Services Private Limited, and approved by the designated stock exchange, BSE Limited.

Paid-Up Capital Rises Significantly

Following the rights issue allotment, Genesys International's paid-up equity share capital has increased substantially.

Before the rights issue, the company had 4,17,90,377 equity shares, representing paid-up capital of Rs 20,89,51,885.

After the allotment, the company's total paid-up equity share capital increased to 6,68,64,603 equity shares, with paid-up capital of Rs 33,34,23,015.

This represents an addition of 2,50,74,226 equity shares to the company's outstanding share capital.

Rights Shares Issued at Rs 50 Per Share

The newly allotted shares were issued at Rs 50 per equity share, comprising a face value of Rs 5 and a premium of Rs 45 per share.

The company has stated that the newly allotted shares will rank pari passu with the existing equity shares in all respects, meaning they will carry the same rights as the existing equity shares of the company.
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Share Price Jumps 40 per cent in Two Sessions

Genesys International has witnessed strong buying momentum in the stock market, with the share price gaining approximately 40 per cent over the last two trading sessions.

On Wednesday, the stock was trading at Rs 254.90, up around 18.97 per cent, while the benchmark Nifty 50 index was down 0.07 per cent at 24,316.30.

The sharp rise in the stock comes shortly after the company's announcement regarding the allotment of the rights shares, making the capital-raising development a key factor for investors tracking the stock.

About Genesys International

Genesys International Corporation Ltd is a technology company engaged in geospatial services and solutions. The company is listed on both the BSE and NSE, with the NSE trading symbol GENESYS and BSE scrip code 506109.

The latest rights issue strengthens the company's equity capital base and increases the number of outstanding shares from 4.17 crore to 6.69 crore.

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Disclaimer: The article is for informational purposes only and not investment advice.