1:1 Bonus Shares: Record Date In 1 Day On June 27; Buy/Sell The IT Stock?

Aurionpro Solutions is a small-cap IT firm that provides cutting-edge technology solutions to help businesses in the government, banking, transportation, and logistics industries accelerate digital innovation. Technology firm Aurionpro Solutions Limited provides its clients with a range of services including process outsourcing, business analytics, specialised expertise, and technological solutions having a strong stance in the banking sector.

Aurionpro Solutions Upcoming Bonus Shares

"The Board of Directors at its Meeting held on Tuesday, 14th May, 2024 recommended Bonus Issue of Equity Shares in the ratio of 1 (One) new Equity Share of Rs. 10/- each for every 1 (One) existing Equity Shares of Rs. 10/- each held by the Shareholders of the Company, which was subsequently approved by the Shareholders of the Company on Friday. 14 June, 2024. Further, the Committee of Board at its meeting held on Friday, 14 June, 2024 has fixed the Record Date as Thursday, 27 June, 2024, for the purpose of ascertaining the names of equity shareholders entitled to Bonus Shares. The Bonus Shares shall be allotted to the equity shareholders of the Company whose names appear in the Register of Members of the Company or in the records of the Depositories as Beneficial Owners, as on the Record Date," said Aurionpro Solutions in a notice.

Aurionpro Solutions FY24 Key Performance Highlights

For the quarter ending March 31, 2024, the company's revenue from operations totalled Rs 246.87 Cr, growing 29% YoY from Rs 191 Cr in Q4FY23. Revenue was Rs 887.47 Cr for the entire fiscal year, boosting 35% YoY from Rs 659 Cr in FY23. EBITDA went up from Rs 40 Cr in Q4FY23 to Rs 52 Cr in Q4FY24, a 30% growth. EBITDA jumped to Rs 193 Cr in FY24 from Rs 145 Cr in FY23 throughout the course of the year. From Rs 102 Cr in FY23 to Rs 142.93 Cr in FY24, PAT rose by 40% YoY. PAT margins for the full fiscal year were 16.10%. Net profit or profit after tax (PAT) for Q4FY24 surged by 48% YoY to Rs 39.46 Cr from Rs 27 Cr in Q4FY23. PAT margins for the quarter stood at 15.99%.

Aurionpro Solutions Share Price Target

"AURIONPRO Limited Solutions is known for its innovative solutions in transaction banking, customer experience, smart city, and smart transportation, is currently outperforming the IT index but appears overbought and investors are advised to wait for the dip before initiating new positions. The PE ratio of 56.08 reflects a premium valuation compared to the sector average of 21.45 with an impressive return of 165.17% over the past year. However, the current price of Rs. 2785 suggests to wait for the dip. Entry points range between Rs. 2400 to Rs. 2470 with target entry prices at Rs. 3000, Rs. 3250, Rs.3500, and Rs. 3700. Stop-loss of Rs. 2100 is advised to mitigate potential losses, with a holding period of 90 to 300 days," said V.L.A. Ambala, a Research Analyst (SEBI Registered), Co-founder - Stock Market Today (SMT).

Disclaimer

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