Multibagger Stock Aurionpro Solutions Ltd Share Hits All-Time High
Aurionpro Solutions Ltd, a leading IT firm, recently touched its all-time high level. The company’s revenue, which was INR 100 million in 2005, has now increased to INR 6,590 million in 2023, indicating strong growth. Additionally, Malabar India Fund recently acquired a 1.15% stake in the tech company, purchasing 263,000 shares at an average price of INR 880.23 per share through a bulk deal on June 14. However, foreign portfolio investor IndusValley Holdings PTE Ltd offloaded two lakh shares in the company.
Investment of INR 1 Lakh Becomes INR 17 Lakh
Aurionpro Solutions’ stock has witnessed a growth of over 1,439% in the last three years, making it a multibagger stock. The stock, which closed at INR 56 on June 12, 2020, reached INR 1,005.15 on June 15, 2023, on the BSE. Therefore, if someone had invested INR 1 lakh in the company’s shares three years ago, the amount would have grown to INR 17.94 lakh today. During the same period, the Sensex grew by 90%.
Stock’s Technical Chart
On Friday, Aurionpro Solutions’ shares closed at INR 1,022.00, up by 2.08%. According to the technical chart, the company’s Relative Strength Index (RSI) stands at 85, indicating that it is trading in the overbought zone. The stock’s beta is 1.4, indicating high volatility over the past year. Aurionpro Solutions’ shares are trading above the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages.
Shareholding Pattern
Aurionpro Solutions’ stock has grown by 240% in a year, and by 193% in 2023. As of March 2023, seven promoters held a 33% stake in the company, while 13,099 public shareholders held a 67% stake. Of these, 12,234 public shareholders held a 16.34% stake, with investments up to INR 2 lakh. As of the end of March 2023, only 54 shareholders held more than INR 2 lakh in the company, accounting for 17.14% of the total shareholding.
About Aurionpro Solutions
Aurionpro Solutions is an advanced technology solutions company that caters to the banking, mobility, payment, and government sectors. The company recently announced a growth of 32.21% in profits for the previous fiscal quarter, ending in March 2023, compared to INR 18.97 crore in the same period the previous year.
(Note: Seek financial advice from an expert before investing in any stock.)
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