1,300 Per cent Multibagger Returns in Just 6 Months; Microcap Company Secures Rs 45 Crore Order from Proteam Advisory Solutions with Monthly Billing of Rs 1.25 Crore
The company’s shares have delivered a multibagger returns over 550 per cent to its shareholders in just 3 months.
Incorporated in 2007, ITCONS E-Solutions Ltd a micro-cap company is a New Delhi-based company is engaged in human resource services for both public and private organizations.
The company has secured a new order from Proteam Advisory Solutions LLP to provide technical services related to AD/Inventory Analysis, Data Cleansing & Preparation, Server Template Pre-Population, Server Analysis (including Optimization), ELP Format and Creation, Dashboard/Report Preparation, SAM/AMS Install Analysis Report, End of Life Analysis, AMS Service Administration, Ad-Hoc Work, and Entitlement Analysis. The contract spans 3 years, with an aggregate billing of Rs 45,00,00,000 (Rupees Forty-Five Crore only) and a monthly billing of Rs 1,25,00,000 (Rupees One Crore Twenty-Five Lakh only).
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On Tuesday, the shares of ITCONS E-Solutions Ltd rallied and hit a 52-week high and closed at around Rs 735.95 per share. The company’s current market capitalization stands at Rs 382.18 crore. Additionally, the shares have delivered a multibagger return of over 1300 per cent in just 3 months.
The company doesn’t provide Quarterly Results and as per half-yearly results in March FY24, ITCONS E-Solutions Ltd recorded a revenue of Rs 15.72 crore. The operating profit for the period stood at Rs 2.08 crore. The net profit stood at Rs 1.14 crore compared to a profit of Rs 0.67 crore last year same period. Looking at the annual performance, the company generated a revenue of Rs 28.50 crore in FY24. The operating profit for FY24 was Rs 3.16 crore with a net profit of Rs 1.91 crore compared to a net profit of Rs 1.73 crore in FY23.
According to the shareholding pattern of ITCONS E-Solutions Ltd, promoters own a 59.36 per cent stake, while public investors hold 40.63 per cent.
Investors must keep this micro-cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.