Shares of Aurionpro Solutions Ltd locked a 5 percent upper circuit on Thursday’s first half of the session from the previous close price of Rs 953.55. The stock climbed a day after Domestic investor Malabar India Fund purchased a stake in the company.
According to Moneycontrol, Ace investor Sumeet Nagar’s Malabar India Fund bought 2.63 lakh shares, or 1.15 percent, stake at an average price of Rs 880.23 a share through open market transactions on June 14.
Meanwhile, Indusvaley Holdings Pte, a foreign institutional investor, sold 2 lakh shares in the company at an average price of Rs 881.38 a share. At 10.24 am, the stock reached its highest level in 52 weeks, touching the circuit at Rs 1,001.20.
As per shareholdings, Indusvaley Holdings Pte owned a 2.61 percent interest, or 5.95 lakh shares, at the end of the March quarter.
The stock climbed by 166 percent in the last six months from Rs 375.60 to current levels, while it grew by 239 percent in the previous year from Rs 295.30 to current values. If an investor bought 1 lakh shares, their holdings would be worth 3.39 lakhs in a year and 2.66 lakhs in six months.
Aurionpro Solutions established in 1997, is engaged in providing software products and consulting services to the banking industry in India and abroad.
According to the company’s financials, revenues climbed marginally by 30 percent year on year, from Rs 505 crores in FY 21-22 to Rs 659 crores in FY 22-23. Within the same timeframe, Net profit increased by 36 percent, from Rs 75 crores to Rs 102 crores.
Profitability ratios are considerable, ROE is 19.5 percent for FY 23, ROCE is 23.56 percent, and the debt-to-equity ratio is 0.15. In addition, the company has maintained a consistent net profit margin of 15.51 percent and an operating margin of 20.25 percent.
As per the latest shareholding pattern, promoters of the company hold a 33 percent stake, and Foreign Institutional Investors (FIIs) hold a 1.89 percent stake in the company for FY 22-23.
Written by Omkar C
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