95 per cent returns from 52-week low and 5 per cent upper circuit: This mulitbagger micro-cap company has received order worth Rs 10,40,60,160 from Wipro Ltd

The stock is up by 95.45 per cent from its 52-week low of Rs 33.01.

On Thursday, shares of ITCONS E-Solutions gained 5 per cent and locked into the upper circuit at Rs 64.5 per share. The stock’s 52-week high is Rs 77.9 and its 52-week low is Rs 33.

ITCONS E-Solutions Ltd has won new bid for 90 employees from Wipro Ltd to provide desktop/ helpdesk support services for the period of 5 years. Deployment of resources will start from 01st May, 2024 onwards. The aggregate amount of the bid is Rs 10,40,60,160/- (Rupees Ten Crore Forty Lakh Sixty Thousand One Hundred Sixty only).

Earlier, the company has received new work order for 28 employees from Wipro Limited to provide desktop support services. The aggregate amount of order was Rs 1,19,47,500/- (Rupees One Crore Nineteen Lakh Forty-Seven Thousand Five Hundred only).

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

According to the financials, ITCONS E-Solutions has a market cap of Rs 32.4 crore. The company reported positive numbers in its Quarterly Results and annual results. Additionally, the company has reduced its debt and is almost debt-free.

The shares of the company have a PE of 22.5x, an ROE of 24 per cent and an ROCE of 31.7 per cent. The stock is up by 95.45 per cent from its 52-week low of Rs 33.01.

Investors should keep an eye on this micro-cap stock.

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