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Subsidiary of Aurionpro Solutions secures USD 1.2 million order for rapid transit bus project in Mexico

14 September 20232 mins read by Angel One
Shares of the company gained more than 250% in the last six months.
Subsidiary of Aurionpro Solutions secures USD 1.2 million order for rapid transit bus project in Mexico
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Aurionpro Solutions’ subsidiary in transit business – Aurionpro Transit Pte has won an order for the supply of validators and hardware for the rapid transit bus project in the city of Merida, Mexico. The project, which has been awarded by the Government of the State of Yucatan, Mexico, will be delivered through MRP Technology Solutions, a partner in the region.

The Government of the State of Yucatan envisions developing a metropolitan-friendly and sustainable mobility system, locally called VayVen, which will allow the population to make faster and more efficient transfers, to save time and money, in addition to offering smart transportation solutions.

This vision includes the modernisation of the fare collection system towards an open and interoperable system (acceptance of contactless cards, QRs, bank cards) and modernization of the equipment of existing validator equipment in buses.

Aurionpro Solutions is an advanced technology solutions company catering to the needs of the Banking, Mobility, Payments, and Government sectors. We converge multiple technology solutions under our umbrella, acting as one platform for Advanced and Accelerated Platform-led Transformation, guiding businesses to ADAPT to a new paradigm in Digital.

Today, the stock opened at Rs 1153.05, with a high and low of Rs 1236 and Rs 1153.05, respectively. The stock ended the trading session at Rs 1209, up by 1.37%. In the last 6 months, the shares of the company have given more than 250% returns. 

The stock has a 52-week high of Rs 1295.50 and a 52-week low of Rs 391. The company has a ROCE of 25.7% and an ROE of 21.8% with a market capitalisation of Rs 2,757 crore. The stock has delivered impressive quarterly results and investors should keep a close eye on this stock.

Disclaimer: This blog 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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