100 per cent from its 52-week low: Heavy buying witnessed in this multibagger penny stock at Rs 72; company signs MoU with Wipro – know more here
The shares of the company have an ROE of 24 per cent and an ROCE of 31.7 per cent.
On Wednesday, shares of ITCONS E-Solutions Ltd were locked in 10 per cent upper circuit to Rs 71.54 per share from its previous closing of Rs 65.04. The stock also made a fresh new 52-week high of Rs 71.54 and from its 52-week low is Rs 33.0, the stock gave multibagger returns of over 100 per cent.
Founded in 2007, ITCONS E-Solutions Ltd has carved a niche for itself in India's human resource landscape. Headquartered in New Delhi, they serve both public and private organizations across diverse industries like IT, FMCG, and food. Their core strength lies in providing a comprehensive suite of HR solutions. This includes permanent and temporary staffing, recruitment process outsourcing, payroll services, and even managed IT services. ITCONS boasts a team of over 800, leveraging their expertise to offer specialized services in various segments, helping businesses find the right talent and streamline their HR processes.
The company has entered into a service agreement with Wipro Limited for providing on-call support services for PAN India. It is a new line of business with Wipro wherein on-call services, OTB Support, Store Rollout Activities & Oncall Support Services will be provided on SLA AMC Delivery Model.
According to the financials, ITCONS E-Solutions has a market cap of Rs 35.98 crore. The company reported positive numbers in its half-yearly results (H1FY23) and annual results (FY23). Additionally, the company has reduced its debt and is almost debt-free.
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A bulk deal happened in the shares of the company on February 20, 2023, wherein Yuga Stocks and Commodities Private Limited bought 38,000 shares at 65.01 per share and on the same day Yuga Stocks and Commodities Private Limited sold 10,000 shares at 60.80 per share. The shares of the company have an ROE of 24 per cent and an ROCE of 31.7 per cent. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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