Share price of this small-cap stock jumped by nearly 4.31% to Rs. 2,270.6 in the trading session of March 5th, from its previous close of Rs. 2,176.65, after the company announced winning an order worth Rs. 100 crores.
With a market capitalisation of Rs. 5,608.23 crores, at 12:38 p.m. the shares of Aurionpro Solutions Limited were trading in the green at Rs. 2,240.1, up by 2.92 percent.
In the last one year, the company has delivered multibagger returns of about 552.04 percent and nearly 100.04 percent in the last six months. So far in 2024, it has delivered positive returns of around 0.93 percent.
According to recent regulatory filings with the stock exchanges, Aurionpro announced the winning of an order from the Directorate of State Transport, Government of Haryana to implement its Haryana Antyodaya Parivar Parivahan Yojana (HAPPY) Scheme.
The aim is to provide free public transportation services to people within the state who are below the poverty line.
The eligible individuals will receive free travel, through the issuance of open-loop National Common Mobility Cards (NCMC) that will allow them to travel up to 1000 km annually for each member of the covered family.
Aurionpro is a well-known provider of open-loop technology solutions and will be the technology partner for this project, and AU Small Finance Bank will join as the banking partner for card issuance.
The initial phase of this multi-year project, valued at ~Rs. 100 crores, is scheduled for delivery within six months, followed by maintenance services.
In terms of financials, the company’s revenue from operations grew by 9.47% from Rs. 211 crores in Q2 FY23-24 to Rs. 231 crore in Q3 FY23-24, accompanied by an increase in the net profit of 11.76% from Rs. 34 crore in Q2 FY23-24 to Rs. 38 crore in Q3 FY23-24.
As of December 2023, the FIIs increased their holding by 1.78 percent from 4.44 percent in Q2 FY23-24 to 6.22 percent in Q3 FY23-24.
Aurionpro Solutions Limited is an advanced technology solutions company serving the demands of the banking, mobility, payments, and government sectors.
Headquartered in Mumbai, the company converges multiple technology solutions under a single umbrella – Advanced and Accelerated Platform-led Transformation (ADAPT) to the ‘New Digital World’.
Written by Shivani Singh
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