Rs 900 crore order: This multibagger IT-software company receives new orders worth Rs 10,00,00,000 from private sector banks; stock trades at high ROE & high ROCE
The stock gave multibagger returns of 500 per cent in just 1 year and a whopping 2,500 per cent in 3 years.
Aurionpro Solutions Limited (BSE: 532668) (NSE: AURIONPRO) announces order wins from two prominent private sector banks in India, for Interact DX, its leading digital engagement platform. These orders, valued at Rs 10,00,00,000, will include licencing and implementation within this quarter, followed by annual maintenance and support.
Our State-of-the-art Interact DX platform will enable these banks to take their customer experience to the next level. Interact DX, recently acquired by Aurionpro, uses cutting-edge digital technology and highly scalable architecture to provide interactive personalized communication including audio-video technology across Banking, Insurance and Non-Bank FIs globally.
Aurionpro Solutions Limited is an advanced technology solutions company catering to the needs of the Banking, Mobility, Payments, and Government sectors. It converges multiple technology solutions under a single umbrella – Advanced and Accelerated Platform-led Transformation (ADAPT) to the ‘New Digital World’. Headquartered in Mumbai, India, the company serves globally.
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The company has a market cap of over Rs 5,300 crore and as of December 31, 2023, the order book exceeds Rs 900 crore. According to the Quarterly Results (Q3FY24) and nine-month results (9MFY24), the company reported positive numbers. As of December 2023, FIIs have increased their stake to 6.22 per cent and DIIs have increased their stake to 0.86 per cent compared to 4.44 per cent and 0.58 per cent respectively in September 2023.
Today, shares of Aurionpro Solutions Limited gained 1.15 per cent to Rs 2,141.55 per share with an intraday high of Rs 2,190 and an intraday low of Rs 2,104. The stock gave multibagger returns of 500 per cent in just 1 year and a whopping 2,500 per cent in 3 years. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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