2250 per cent returns and FIIs & DIIs increase stake: This multibagger small-cap IT stock bags new order worth Rs 30 crore!

Shares of the company have gained about 120 per cent in the last six months.

Aurionpro has secured a new order worth over Rs 30 crores from a large public sector bank in India. The project involves the supply, installation, implementation, customization, and maintenance of iCashpro+, Aurionpro's Cash Management Solution, at the bank's site. The implementation and go-live phase will be completed within the next two quarters, followed by five years of maintenance. iCashpro+ is a next-generation Transaction Banking platform that offers a comprehensive solution for full-spectrum corporate banking. It aims to enhance customer experience, reduce expenses, and improve cash visibility.

The company posted robust Quarterly Results. The revenue of the company for Q2FY24 stood at Rs 211.16 crore which increased by 36.5 per cent YoY. The operating profit of the company stood at Rs 48.33 crore, while the PAT of the company stood at Rs 34.00 crore, which was 25.37 crore in last year's same quarter. FIIs and DIIs have increased their stake in the company to 6.08 and 0.89 per cent in November 2023 respectively.

Also read, Psychology of futures and options: Overcoming the common trading errors

Aurionpro Solutions Limited has also delivered multibagger returns to its shareholders in the last three years. During this period, the company’s share price jumped from Rs 77.88 on December 04, 2020, to Rs 1843.35 on December 02, 2023, an increase of about 2250 per cent in a three-year holding period.

Aurionpro Solutions Limited works to provide business solutions in the fields of Transaction Banking Platforms, Customer Experience (ACE Platform), Smart City and Smart Transportation experience, and Cybersecurity solutions. The company primarily offers software products and consulting services to the banking industry in India and abroad.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.