Scanpoint Geomatics shines on getting shortlisted for project of Indian armed forces
Scanpoint Geomatics is currently trading at Rs. 9.10, up by 0.30 points or 3.41% from its previous closing of Rs. 8.80 on the BSE.
The scrip opened at Rs. 8.98 and has touched a high and low of Rs. 9.24 and Rs. 8.53 respectively. So far 1390732 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. 3.76 on 06-Mar-2024.
Last one week high and low of the scrip stood at Rs. 9.50 and Rs. 8.38 respectively. The current market cap of the company is Rs. 155.16 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 been shortlisted for a prestigious project of the Indian armed forces, specifically under the ‘MAKE-II’ and IDDM (Indian Design Development and Manufacturing) initiatives. This project aims to promote indigenous design, development, and manufacturing capabilities for the armed forces.
The company's participation in the Expression of Interest (EOI) floated by a unit of the armed forces demonstrates its capabilities in providing cutting-edge geospatial solutions. The issuance of the Request for Proposal (RFP) to Scanpoint Geomatics is a testament to its expertise and potential to contribute to the country's defence sector.
Scanpoint Geomatics is an one source business solution provider for IT-GIS, specializing in the area of IT and Geoinformatics.
