Shares of this Multibagger small-cap stock hit the 5 percent upper circuit today after announcing the financial results for the quarter ending June 2023, i.e., Q1FY23-24.
The stocks of Aurionpro Solutions Limited started their trading session today at Rs 1,077.80 and, since then, the scrip was locked in the 5 percent upper circuit recorded at the same price. The company has a market capitalization of Rs 2,565 crores.
Year-To-Date, the company’s stock has proved to deliver multibagger returns of 216 percent to its stakeholders. It means that if someone would have invested Rs 1 Lakh into the stock, it would have converted to Rs 3.16 Lakhs within the above-mentioned period.
One of the prime reasons for the company’s stock prices to surge today is post the announcement of the financial results of Q1FY23-24 which the company published through a regulatory filing with the Bombay Stock Exchange (BSE).
On a sequential basis, the basic indicators such as the operating revenues and net profits showed an upward trend with the former moving up from Rs 191 crores during Q4FY22-23 to Rs 199 crores in Q1FY23-24, and, the latter moving from Rs 27 crores to Rs 32 crores during the same time period.
Comparing Q1FY22-23 and Q1FY23-24, the above-mentioned metrics showed positive growth with the operating revenues shifting from Rs 146 crores to Rs 199 crores representing an increase of 36 percent, and, the net profits moving from Rs 24 crores to Rs 32 crores indicating an increase of 33 percent.
The latest shareholding data pertaining to the June 2023 quarter portrays the Promoters holding a 31.19 percent stake, and the Foreign Institutional Investors (FIIs) holding a 2.9 percent stake in the company.
Aurionpro Solutions Limited is engaged in the business of providing global technology solutions. The wide range of products offered by the company caters to varied customers including government undertakings, financial institutions, etc. The company derives revenues from consultancy services and the sale of software licenses and equipment.
Written by Amit Madnani
Disclaimer
The views and investment tips expressed by investment experts/broking houses/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.
