Will Aurionpro hit second consecutive upper circuit on Friday? Know why it can!

It was this interesting announcement made by the company, which aided a sharp rally in the stock along with robust volumes.   

The stock of Aurionpro was seen buzzing on the bourses on Thursday. The volume and price activity was quite profound in the last 75 minutes of the day, which helped the stock hit the upper circuit limit. The stock, on a provisional basis, closed at the upper circuit limit of the day i.e. up by 4.98 per cent at Rs 216.95.   

The overall volume activity was quite amazing as the stock not only witnessed volume above the 10 and 30-day averages but also, managed to clock the highest single-day volume since November 16, 2021.   

The stock has delivered a negative return of 7.66 per cent on an MTD basis, which triggered a smart rally in this stock on Thursday. It was this interesting announcement made by the company, which aided a sharp rally in the stock along with robust volumes.   

So, here is the announcement: Aurionpro is pleased to announce another big win in the smart transit segment. This will be amongst the largest in the world with approximately 50 crore commuters travelling annually. Aurionpro will be the system integrator for implementing an ‘IoT-based integrated bus ticketing system’ for Uttar Pradesh State Road Transport Corporation (UPSRTC) on a build-own-operate-transfer (BOOT) model. The project is expected to be worth more than Rs 60 crore over 5 years with the minimum guaranteed revenue. The tenure of the project includes implementation and go-live within 6 months from the signing of the contract, followed by the operations & maintenance of up to 7 years after go-live.