The share price of Scanpoint Geomatics rose by 6 percent to ₹ 9.24. This increase is attributed to the company’s announcement about expanding its services.
On Tuesday, the company stated in an exchange filing that it has launched its GIS-based mobile application, “Survey 360,” for the B2C (business to consumer) segment, in addition to its existing B2B (business to business) and B2G (business to government) operations.
New Features for Users
The company mentioned that the app now provides improved services for individual users. This includes the ability to create custom survey forms with different types of questions for collecting field data.
Share Price History
Scanpoint Geomatics has shown significant growth as a penny stock. The company’s shares increased from ₹ 4.31 on January 1, 2024, to ₹ 9.20 on October 16, marking a gain of 113.46 percent year-to-date.
Over the past year, the stock has risen from ₹ 3.89 to ₹ 9.20, achieving an overall gain of 136.50 percent.
The company’s market capitalization stands at ₹ 146.59 crore. Currently, the stock is 22.4 percent below its 52-week high of ₹ 11.24.
Quarterly Results
In its Q1 FY25 report, Scanpoint Geomatics reported a 104 percent increase in net profit and a 417 percent growth in revenue.
The company plans to expand into the commodity sector, solar projects, and EPC contracts by using its strengths in satellite image processing and GIS IT solutions.