Monday, March 4, 2024
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HomeStocksAurionpro Stock Rises After Forming A New Partnership

Aurionpro Stock Rises After Forming A New Partnership

On Monday, Aurionpro Solutions shares hit its upper circuit of Rs 2,077.95, up by 5% from its previous closing of Rs 1,979 on the BSE.

Partnering with Vix Technology 

Aurionpro Solutions’ subsidiary in transit business, Aurionpro Transit has entered into partnership with Vix Technology. As part of this collaboration, Aurionpro Transit will design and develop state-of-the-art All-in-One Driver Console (DC120) and Mobile Data Terminal (MDT10), innovative in-bus solutions that will streamline transit operations by providing a central on-vehicle hub for various functions from ticketing to communications.

MDT10 is a tablet device that enables vehicle tracking and driver assistance, making it an indispensable tool for drivers to navigate routes with precision. Drivers can utilize the touchscreen display to access various features, such as communicating with controllers in the back office and delivering information to passengers via onboard displays.

DC120 offers all the features of the MDT10 along with integrated ticketing functionality. Drivers can seamlessly handle fare payments without juggling between various gadgets. The ticketing machine supports multiple fare payment options, including barcode and contactless, and prints receipts. For transit agencies and authorities, the partnership enhances their ability to design and deploy user-friendly ticketing solutions, providing a seamless and convenient travel experience for commuters.

Over the next five years, the combined expertise of Aurionpro Transit and Vix Technology will strengthen the development of innovative mobility technologies. This collaboration aims to shape the future of digital mobility and enhance the overall travel experience for commuters worldwide while increasing operational efficiency for operators.

Company profile 

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the banking, mobility, payments, and government sectors.

Stock price movement 

Today, the stock opened at Rs 1,980.05 and touched a high and low of Rs 2,077.95 and Rs 1954.95, respectively. The BSE group ‘T’ stock of face value of Rs 10 has touched a 52-week high and low of Rs 2,097.00 and Rs 291, respectively. Last week high and low of the scrip stood at Rs 2,077.95 and Rs 1,920.20, respectively. The current market cap of the company is Rs 5,111.79 crore.

The promoters holding in the company stood at 30.17%, while Institutions and Non-Institutions held 6.97% and 62.86%, respectively.

Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions. 
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