Manpower Service Provider Bags New Order Worth Rs 13,13,055.60 From South East Central Railway, Indian Railways
The stock gave multibagger returns of 950 per cent from its 52-week low of Rs 49.22 per share.
ITCONS E-Solutions Limited has secured a significant new work order from the South East Central Railway, a division of the Indian Railways under the Ministry of Railways and the Central Government, to provide two manpower resources on a contractual basis for one year. This domestic contract, valued at INR 13,13,055.60, entails deploying personnel within the Medical Department of the Raipur Division, commencing on May 1, 2025, and concluding on April 30, 2026. This achievement marks a notable milestone for ITCONS and reinforces its established partnership with the Indian Railways.
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Founded in 2007, ITCONS E-Solutions Ltd has carved a niche 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 specialised services in various segments, helping businesses find the right talent and streamline their HR processes.
According to the financials, ITCONS E-Solutions has a market cap of Rs 263 crore. The stock gave multibagger returns of 950 per cent from its 52-week low of Rs 49.22 per share. The company's shares have a PE of 120x, an ROE of 15 per cent and an ROCE of 21 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.