Microcap Company Secures Multiple Orders in Single Day Worth Rs 1,24,47,549: Stock Hits Upper Circuit, Gains Over 875 Per cent in Just 3 Months!
The company’s shares have delivered a multibagger return of around 1,000 per cent to its shareholders in just 1 year only.
Incorporated in 2007, ITCONS E-Solutions Ltd a micro-cap company is a New Delhi-based company engaged in human resource services for both public and private organizations.
The company has secured multiple orders in a single day:
Office of the Chief Administrative Officer SER, Southeastern Railway: Awarded a contract to provide 21 skilled Computer Operator employees on a contractual basis for 12 months. The total contract value is Rs 87,55,568.64 (Eighty-Seven Lakh Fifty-Five Thousand Five Hundred Sixty-Eight and Sixty-Four Paisa), inclusive of all taxes.
National Institute of Communication Finance, Department of Telecommunications (DOT): Awarded a contract to provide IT Engineer-Technical employees on a contractual basis for 3 years. The total contract value is Rs 13,15,980 (Thirteen Lakh Fifteen Thousand Nine Hundred and Eighty), inclusive of all taxes.
Wipro Limited: Secured a work order worth Rs 23,76,000 (Twenty-Three Lakh Seventy-Six Thousand) to provide onsite support services for 10 employees managing network, IT helpdesk, and desktop services at various ICICI Bank locations.
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On Wednesday, the shares of ITCONS E-Solutions Ltd rallied and hit the upper circuit, and closed at around Rs 497.70 per share. The company’s current market capitalization stands at Rs 250.28 crore. Additionally, the shares have delivered a multibagger return of over 875 per cent in just 3 months only while over 990 per cent multibagger returns in the past 1 year.
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.