230 per cent in Just 1 Month: Microcap Company Under Rs 200 Hits Upper Circuit on Friday; DIIs Purchase Stake for First Time!
The company’s shares have delivered an impressive return of over 330 per cent in just 1 year only.
Incorporated in 2007, ITCONS E-Solutions Limited is a company based in New Delhi engaged in providing human resource services to public and private organizations.
On Friday's trading session, the share of ITCONS E-Solutions Limited opened at Rs 173.60 per share, compared to the previous day's closing figure of Rs 173.60 per share on the BSE. The stock has attracted a heavy volume, reflecting strong demand in the market, and hits the upper circuit. The current market capitalization stands at Rs 87.30 crore, and the stock has generated an impressive multibagger return of over 230 per cent in just 1 month only.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
As per the Quarterly Results, in the fourth quarter of FY24, ITCONS E-Solutions Limited recorded a revenue of Rs 15.72 crore. The operating profit for Q4 FY24 stood at Rs 2.08 crore. The net profit for Q4 FY24 was Rs 1.14 crore. Looking at the annual performance, the company generated a revenue of Rs 28.50 crore in FY24, compared to Rs 28.20 crore in FY23. The operating profit for FY24 was Rs 3.16 crore, with a net profit of Rs 1.91 crore.
Regarding the shareholding pattern, the promoters own 59.36 per cent of the company and the public or retail investors hold 40.59 per cent while the DIIs makes a fresh entry by purchasing a 0.04 per cent stake in the company in the recent quarter that is March 2024.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.