1500 per cent returns: This multibagger small-cap IT company bags new order worth USD 1.2 million in Mexico!

The stock has gained more than 290 per cent in the last six months.

Aurionpro Solutions, a global IT services company, has won an order to supply validators and hardware for a new rapid transit bus project in Merida, Mexico. The project is part of the Yucatan state government's plan to develop a metropolitan-friendly and sustainable mobility system called VayVen. The order is worth USD 1.2 million.

VayVen is designed to allow residents to make faster and more efficient transfers between different modes of transportation, saving them time and money. Aurionpro's validators and hardware will play a key role in making VayVen a success.

The company posted stellar results in Q1FY24, the revenue of the company grew by 36.54 per cent on a YOY basis which stood at Rs 198.70 crore. The PAT of the company grew by 30.73 per cent on a YoY basis staying at Rs 31.58 crore. 

Also read, Exploring the world of growth investing? (Part-1)

Aurionpro Solutions Limited works to provide business solutions in the fields of transaction banking platforms, customer experience (ACE Platform), smart city and smart transportation experience and cybersecurity solutions.

On Friday, the stock opened at Rs 1165.05, with a high and low of Rs 1229.50 and Rs 1165.05, respectively. The stock closed trading at Rs 1215.25, up by 0.52 per cent. The stock has a 52-week high of Rs 1,295.50 and a 52-week low of Rs 291.00. The stock has given multibagger returns of over 1500 per cent in the last three years.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.