Rs 2.5/Sh Dividend Soon: Small Cap IT Stock Bags New Order, Shares Gain 953% In 2-Yrs; Buy Or Sell?

Small cap company engaged in IT software sector, Aurionpro Solutions Ltd shares slipped 3.36% in trade today despite securing landmark order worth Rs 200 crore from one of india's largest municipal corporations. Current market price of Aurionpro Solutions shares on BSE is Rs 1850.00 per share. Aurionpro Solutions shares offered stunning returns of 80% in last 6-months and 953% in last 2-years.

The company's market capitalisation stood at Rs 10,228.58 crore. The company offered 1:1 bonus share earlier this year with ex-bonus date fixed as June 27, 2024. It also recommended Rs 2.5 per share dividend and ex-dividend date has been fixed as September 20, 2024. Check details below:

Aurionpro Solutions Bags Order: As per the regulatory filing of Aurionpro dated September 11, 2024, "Aurionpro is pleased to announce a significant order win from the Municipal Corporation of Panvel, located in the state of Maharashtra, India. As part of this prestigious project, Aurionpro has been appointed as the Technology Partner for the Panvel Safe City initiative. This landmark project will involve the installation of advanced surveillance and smart city technologies, transforming the city's safety and security infrastructure. The scope of the project includes the establishment of Data Centers, a state-of-the-art Control Command Center, and Video Analytics capabilities to enable real-time monitoring and faster response times."

The contract is a five-year deal valued at over INR 200 crores. The initial phase of project implementation will be executed over the next 12 months, followed by a long-term maintenance and support phase.

Sanjay Bali - President and Global Head of Tech Innovation Group at Aurionpro Solutions, stated, "We are pleased to partner with the Municipality of Panvel in this landmark project and are grateful for the trust they have placed in Aurionpro. This is one of our largest order wins in this space, reinforcing our position as a preferred partner for the governments, with the technology portfolio and the expertise to handle complex and transformative technology implementations."

Aurionpro Solutions Shares Performance: The 52-week high price of Aurionpro Solutions shares on BSE is Rs 1989.95 per share (as on 28/08/2024) and 52-week low price is Rs 575.00 per share (as on 13/09/2023), respectively. Aurionpro Solutions shares gained 53% in last 3-months, gained 206% in last 1-year, and jumped 1751% in last 3-years. In last 5-years, Aurionpro Solutions stock zoomed 4228%.

Should You Buy Or Sell Aurionpro Solutions Shares? According to A R Ramachandran, Independent SEBI Research Analyst, "AurionPro Solutions stock price is bearish on the Daily charts with strong resistance at 1930. A Daily close below support of 1819 could lead to a target of 1683 in the near term."

About: Aurionpro Solutions Limited is a global leader in providing advanced technology solutions with a focus on Banking, Mobility, Payments, Insurance, and Government sectors. We leverage Enterprise AI to create comprehensive solutions that drive intelligent transformation for our clients worldwide. Our team of over 2,400 professionals brings a global mindset and deep domain expertise to deliver tailored services that empower our diverse clientele to achieve their strategic goals.

Disclaimer: The stock highlights the dividend, order, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.