Penny stock under Rs 60: This micro-cap commercial service company bags multiple work order worth USD 3,95,118!

Shares of the company have gained more than 30 per cent in the last six months.

ITCONS E-Solutions Limited informed in the exchange filing that the company has bagged multiple orders worth USD 3,95,118. The first order is from Netpoleon Solutions Pte Limited for providing consulting services on IPAM solution implementation. The order is for USD 3,55,118. The second order is from SoftwareOne Pte Limited, Singapore for Providing professional services. The order is for USD 40,000.

Earlier last week, the company also entered into an agreement with PhonePe Private Limited to provide recruitment services for a period of 1 year.

In FY23, the company's revenue stood at Rs 28.20 crore which grew by 55.13 per cent YoY. The operating profit of the company stood at Rs 2.65 crore, while the PAT of the company stood at Rs 1.73 crore which grew by 44.96 per cent YoY.

ITCONS E-Solutions Limited is a New Delhi-situated company engaged in the business of providing human resource services to public and private organizations. ITCONS E-Solutions has grown to over 800 staff team including contractual employees. The company offers its expert services in different segments like staffing & recruitment, information technology, FMCG, food, etc.

Today, the stock opened at Rs 52.99, with a high and low of Rs 54.00 and Rs 52.99 respectively. The stock is currently trading at Rs 53.00, up by 0.49 per cent. The stock has a 52-week high of Rs 55.78 and a 52-week low of Rs 33.01.

Investors should keep a close eye on this stock.

Disclaimer: The article is for informational purposes only and not investment advice.