Don’t miss the latest developments in business and finance.

Aurionpro Solutions drops on profit booking

Image
Capital Market
Last Updated : Jan 05 2018 | 12:31 PM IST

Aurionpro Solutions lost 4.65% to Rs 251.05 at 12:09 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 122.02 points or 0.36% at 34,091.66. The S&P BSE Small-Cap index advanced 0.68%, outperforming the Sensex.

On the BSE, 51,000 shares were traded on the counter so far as against the average daily volumes of 44,199 shares in the past one quarter. The stock had hit a high of Rs 264 and a low of Rs 245.25 so far during the day. The stock had hit a 52-week high of Rs 283.50 yesterday, 4 January 2018 and a 52-week low of Rs 103.05 on 12 June 2017.

The stock had outperformed the market over the past one month till 4 January 2018, gaining 50.37% compared with the Sensex's 3.35% rise. The stock had also outperformed the market over the past one quarter, advancing 83.42% as against the Sensex's 7.26% rise. The scrip had also outperformed the market over the past one year, surging 75.77% as against the Sensex's 27.55% rise.

The small-cap company has equity capital of Rs 23.04 crore. Face value per share is Rs 10.

Shares of Aurionpro Solutions had rallied 24.46% in the preceding six trading sessions to settle at Rs 263.30 yesterday, 4 January 2018, from its closing of Rs 211.55 on 27 December 2017. The stock had settled higher by 6.28% yesterday, 4 January 2018 after the company announced after market hours on 3 January 2018 that its subsidiary Cyberinc entered into a definitive agreement with KPMG LLP, USA, for sale of its Identity and Access Management (IAM) business. The transaction is expected to close on 31 January 2018.

Cyberinc's IAM business is a 190-person global team with significant presence in the US, India, Australia, and the UK, and extensive experience providing advisory, strategy, implementation services, and managed services for organizations that need to transform their enterprise or consumer identity capabilities.

More From This Section

Aurionpro Solutions' consolidated net profit rose 1.93% to Rs 13.75 crore on 5.13% rise in net sales to Rs 168.65 crore in Q2 September 2017 over Q1 June 2017.

Aurionpro Solutions is a global technology product and solutions provider.

Powered by Capital Market - Live News

Also Read

First Published: Jan 05 2018 | 12:07 PM IST

Next Story