Adani Group Company Awards Order Worth Rs 2,56,92,716 to This Microcap Company; Stock Hits Upper Circuit Today, Gains Over 200 per cent in Just 3 Months!
The company’s shares have delivered a multibagger returns over 360 per cent to its shareholders in just 1 year only.
Incorporated in 2007, ITCONS E-Solutions Ltd is a New Delhi-based company specializing in human resource services for both public and private organizations. The company has recently received a work order from Maharashtra Border Check Post Network Ltd, an Adani Group company, valued at Rs 2,56,92,715.86 (Rupees Two Crore Fifty-Six Lakh Ninety-Two Thousand Seven Hundred Fifteen and Eighty-Six Paisa Only) for providing manpower services at various locations.
Today shares of ITCONS E-Solutions Ltd hit the upper circuit and closed at around Rs 191.20 per share on the BSE. The company’s current market capitalization stands at Rs 96.15 crore. Additionally, the shares have delivered a multibagger return of over 200 per cent in just 3 months only while over 360 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.
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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.