This Multibagger Company Receives Order Worth Rs 2,63,92,947; Stock Hits Upper Circuit Today, Gains Over 300 per cent in Just 6 Months!

The company’s shares have delivered a multibagger returns over 380 per cent to its shareholders in just 1 year only.

ITCONS E-Solutions Ltd’s stock zoomed 5 per cent on Wednesday and locked in the upper circuit due to the following development.

ITCONS E-Solutions Ltd has bagged new work order from National Mission For Clean Ganga Delhi, Ministry Of Water Resources River Development And Ganga Rejuvenation worth Rs 2,63,92,946.88 to provide manpower services.

Earlier, the company has received work order from one of the Adani Group Company i.e. Maharashtra Border Check Post Network Ltd, worth Rs 2,56,92,715.86 to provide manpower services on different locations.

Incorporated in 2007, ITCONS E-Solutions Limited is a New Delhi-situated company engaged in the business of providing human resource services to public and private organizations.

The company’s current market capitalisation stands at Rs 101 crore. Additionally, the shares have delivered a multibagger return of over 335 per cent in just 6 months only while over 380 per cent multibagger returns in the past 1 year.

As per the Quarterly Results, in Q4 FY24, ITCONS E-Solutions Ltd 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 stood at Rs 1.14 crore compared to a profit of Rs 0.67 crore last year same quarter. 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.