Low PE high ROE stock under Rs 50: This micro-cap company receives new contract worth Rs 2.46 crore from Wipro Ltd!
The stock is up by 15 per cent in just 1 month.
ITCONS E-Solutions Ltd have been awarded a new contract worth Rs. 2.46 Crore from Wipro Limited to deploy new 105 resources on their clients’ project like HDFC, Adani, Trent and Aditya Birla. The contract covers the provision of manpower services for a variety of client projects, and the contract period will be determined in accordance with the terms and conditions of the work order.
On Wednesday, shares of ITCONS E-Solutions zoomed 5.71 per cent to Rs 43.35 per share from its previous closing of Rs 41. The stock traded at an intraday high of Rs 44.50 and an intraday low of Rs 41.50. The shares of the company saw a spurt in volume by more than 2.02 times on BSE.
ITCONS E-Solutions Limited is a New Delhi-situated company engaged in the business of providing human resource services to public and private organizations.
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According to the financials, ITCONS E-Solutions has a market cap of Rs 22 crore. The company reported positive numbers in its Quarterly Results and annual results. Additionally, the company has reduced its debt and currently, it's almost debt free.
The shares of the company have a PE of 12.60x, a ROE of 77.60 per cent and a ROCE of 74.80 per cent. The stock is up by 15 per cent in just 1 month. Investors should keep an eye on this micro-cap stock.