CNX IT index is down, -ve 30%, since Jan-2022
IT sector leader TCS 52 weeks low is 2925 and yesterday stock price touched 2950
In spite of such bleak view on this sector, investors have not given up on all companies of the sector
Such time is where bottom-up analysis is most needed
There must be some good developments happening at fundamental level in companies which are slowly and steadily gaining market capitalization.
One example is AURIONPRO
Though revenue is not rising steep, but PAT / EPS are all time high for TTM [Trailing twelve months], making stock priced at PE 13, ROCE 22.
Company’s annual sales is 500Cr and company available at market cap 1000 Cr having OPM 22%
Promoter holding during June-2021 was 29.5% which has increased to 33% as on June-2022
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