Penny stock under Rs 80 in focus as company bags orders worth Rs 11,44,90,000 in workforce administration and workspace management sectors

The company has a market cap of Rs 87.50 crore with a PE of 20x, an ROE of 20 per cent and an ROCE of 19 per cent.

Service Care Limited has secured several new contracts in the workforce administration and workspace management sectors. These projects include a three-year contract with a large infrastructure development company in Sewri, valued at Rs 10,80,00,000. Additionally, the company has won contracts with a corporate debt solution company for workspace management services in Bangalore and across India, valued at Rs 32,20,000 and Rs 32,70,000 respectively.

Furthermore, Service Care Limited is currently in discussions with several clients in the banking, insurance, and FMCG sectors for potential workforce administration contracts. The company is evaluating these opportunities and exploring the possibility of securing additional contracts in these industries.

Service Care Ltd, established in 2011, provides comprehensive facility management and workforce solutions across various industries. Their Workspace Administration Services encompass hard and soft services, guest house management, and other administrative tasks, ensuring smooth day-to-day operations for over 200 clients.

Additionally, their Workforce Administration service offers temporary staffing solutions to address domain-specific needs. With a team of over 5,800 associates, Service Care caters to a diverse clientele spanning engineering, education, manufacturing, infrastructure, government, banking, information technology, healthcare, staffing, recruitment, food, and FMCG sectors.

The company has a market cap of Rs 87.50 crore with a PE of 20x, an ROE of 20 per cent and an ROCE of 19 per cent. The stock is up by 56 per cent from its 52-week low of Rs 49.25 per share. Investors should keep an eye on this penny stock.

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