With a view to expand its presence further in the Information Technology Sector, the company, through its subsidiary is looking to foray into the Artificial Intelligence, Virtual Reality and Augmented Reality Space (Which is currently in news as Metaverse Space). The company has identified and initiated talks with a US Based company for development and marketing of the combination of multiple elements of technology, including Virtual Reality, Augmented Reality and videos, where users live within the digital universe.
The process is in the nascent stage of development and the company will update the exact nature and terms of arrangements as and when the same are finalized, subsequent to Due Diligence and the
Feasibility and Viability reports.
India’s augmented reality & virtual reality market is expected to witness robust growth owing to rising adoption of technology in diverse portfolio sectors including content generation, engineering etc. and development of virtual applications to create customizable content.
The stock price which was Rs.34 on 22 November 2021 has given a tremendous return of more than 131 per cent in less than 30 days The stock price today stands at Rs. 83.
According to a recent survey, virtual reality market is rising at a compound annual growth rate (CAGR) of 104.24%.Also boost by the Indian government has initiated several development programs, which are supporting the VR market.According to Analysts,with these positive developments,
Decipher is likely to see high growth prospects.
The company’s client include leading Blue Chip companies like Merck,IBM,SAP,Ziess,etc.
The recent Q2 results announced were also excellent with Revenues going up to Rs.14.93 crand net income zooming by 382 per cent.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.