Aurionpro Solutions Ltd.

BSE: 532668 | NSE: AURIONPRO
Small Cap | IT - Software
1123.60
7.30 (0.65%)
< Home < Back

Aurionpro Solutions shoots up on CARE assigning ‘BBB’ rating to its long-term bank facilities

Date: 12-08-2011

Aurionpro Solutions is currently trading at Rs. 141.45, up by 3.20 points or 2.31% from its previous closing of Rs. 138.25 on the BSE.

The scrip opened at Rs. 144.50 and has touched a high and low of Rs. 144.50 and Rs. 136.00 respectively. So far 7 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 317.80 on 26-Oct-2010 and a 52 week low of Rs. 121.25 on 09-Aug-2011.

Last one week high and low of the scrip stood at Rs. 148.75 and Rs. 121.25 respectively. The current market cap of the company is Rs. 220.31 crore.

The promoters holding in the company stood at 30.18% while Institutions and Non-Institutions held 6.45% and 63.37% respectively. 

Credit rating agency, CARE has assigned ‘BBB’ rating to the long-term bank facilities of Aurionpro Solutions (ASL) for Rs 51.69 crore. The agency has also assigned ‘A3+’ rating to the short-term bank facilities of the company for Rs 35.00 crore.

The ratings derive strength from ASL’s experienced and professionally qualified promoters and management, its specialisation in the banking vertical, its geographically diversified revenue base, large and abiding customer base and its comfortable gearing levels. ASL’s ability to successfully consolidate the acquired entities, to continue to derive steady rupee revenues from the existing client base and to maintain margins in view of the rising wage bill remains the key rating sensitivities.

ASL is a publicly traded technology company providing software products and expert level consulting services to an extensive global customer base. The company provides valuable operational and technical experience in helping banks provide new and innovative products to their customers.