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Scanpoint Geomatics jumps on securing orders from educational institutions

18 Oct 2024 Evaluate

Scanpoint Geomatics is currently trading at Rs. 8.95, up by 0.20 points or 2.29% from its previous closing of Rs. 8.75 on the BSE.

The scrip opened at Rs. 9.01 and has touched a high and low of Rs. 9.09 and Rs. 8.50 respectively. So far 206073 shares were traded on the counter.

The BSE group 'X' stock of face value Rs. 2 has touched a 52 week high of Rs. 11.24 on 13-Aug-2024 and a 52 week low of Rs. 3.75 on 06-Mar-2024.

Last one week high and low of the scrip stood at Rs. 9.83 and Rs. 8.28 respectively. The current market cap of the company is Rs. 148.94 crore.

The promoters holding in the company stood at 7.68%, while Institutions and Non-Institutions held 0.03% and 92.29% respectively.

Scanpoint Geomatics has received orders from esteemed educational institutions. The first order is from MIT World Peace University, Pune a prestigious institution of higher education in India, for the supply of its flagship product- IGiS GIS and Image Processing Software. This software will be utilized to provide training in the field of Geomatics to students and university officials.

The second order is from HNB Garhwal University (Hemvati Nandan Bahuguna Garhwal University) established in 1973 and located in the Himalayas. This Central University is committed to regional and community development. The company is supplying IGiS software to facilitate similar training programs.

Besides, another order is from Manipur University, a leading Central University in Manipur, established in 1980. The company has successfully delivered and installed IGiS software at this institution in order to impart training to the University officials. Its flagship product ‘IGiS’ is being already used by other renowned Educational Institutes across India for training purposes.

These orders aim to enhance the educational experience of students and university officials in the field of Geomatics. This achievement is expected to strengthen its position as a leading Indigenous GIS & Image Processing Software provider and enhance its reputation in the Education sector which in turn open up new business opportunities in the Geomatics industry.

Scanpoint Geomatics is an one source business solution provider for IT-GIS, specializing in the area of IT and Geoinformatics.

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