Heavy buying: Back-to-back upper circuit in this small-cap multibagger IT company; stock gains over 2200 per cent!
Shares of the company have gained about 300 per cent in the last six months.
Shares of Aurionpro Solutions Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. On Friday, the stock also made a fresh 52-week high of Rs 1723.50. In the last six months, the stock has gained about 300 per cent.
Aurionpro Solutions Limited have also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 72.95 on November 06, 2020, to Rs 1721.30 on November 03, 2023, an increase of about 2250 per cent in a three-year holding period.
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The company posted robust Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 211.16 crore which increased by 36.5 per cent YoY. The operating profit of the company stood at Rs 48.33 crore, while the PAT of the company stood at Rs 34.00 crore, which was 25.37 crore in last year's same quarter.
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. The company primarily offers software products and consulting services to the banking industry in India and abroad.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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