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Scanpoint Geomatics advances on entering into strategic tie-up with Gujarat Vidyapith

13 Oct 2017 Evaluate

Scanpoint Geomatics is currently trading at Rs. 22.45, up by 1.05 points or 4.91% from its previous closing of Rs. 21.40 on the BSE.

The scrip opened at Rs. 21.60 and has touched a high and low of Rs. 22.45 and Rs. 21.60 respectively. So far 6,531 shares were traded on the counter.

The BSE group 'XD' stock of face value Rs. 2 has touched a 52 week high of Rs. 30.95 on 08-May-2017 and a 52 week low of Rs. 15.30 on 13-Dec-2016.

Last one week high and low of the scrip stood at Rs. 22.60 and Rs. 20.50 respectively. The current market cap of the company is Rs. 60.40 crore.

The promoters holding in the company stood at 30.60%, while Institutions and Non-Institutions held 0.18% and 69.22% respectively.

Scanpoint Geomatics has entered into a strategic tie-up / understanding with Gujarat Vidyapith (a deemed university), for establishing a Centre of Excellence for Geographical Information System (GIS) Technology. The Centre will function to excel in the field of Geospatial Technology such as Geographic Information System, Image Processing and Remote Sensing and will focus on its applicability for end user up to rural people with the use of IGiS software and its allied software solutions.

The Research conducted therein shall be beneficial and advantageous for Agriculture, Disaster Management, Forestry, Land Information, Mining, Power, Smart villages building-up, town Planning, Utilities, Location Based Services etc.

Scanpoint Geomatics is a leading provider of end to end Geomatics products and services. The company is a single point business solution provider specializing in the areas of Geographical Information System (GIS), Image Processing (IP), Global Positioning System (GPS), Ground Penetration Radar (GPR), Photogrammetry (PG), and Location Based Services (LBS) and Surveys.


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