Manpower service provider has won new order worth Rs 4,07,48,940 from IT-Giant Wipro Ltd
The stock gave multibagger returns of 944.3 per cent from its 52-week low of Rs 49.22 per share.
ITCONS E-Solutions Limited has secured a new domestic bid from Wipro Limited to deploy 94 engineering professionals. These professionals will support Incident Management operations across various HDFC Life locations. The contract, valued at Rs 4,07,48,940 (Rupees Four Crore Seven Lakh Forty-Eight Thousand Nine Hundred and Forty Only), is for a term of three years, commencing from July 1st, 2025. This agreement highlights ITCONS E-Solutions Limited's role in providing crucial manpower services for large-scale operations.
Additionally, ITCONS E-Solutions Limited is pleased to announce that the Company has entered into a Service Agreement with WE WIN Limited to provide Manpower Services for a period of 3 years. This is a master service agreement with a domestic entity, and the quantum and number of resources will depend on the client’s requirements as raised from time to time. This agreement signifies an important step forward for the Company and reinforces its commitment to a strong and productive partnership with WE WIN Limited.
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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 organisations 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 944.3 per cent from its 52-week low of Rs 49.22 per share. The company's shares have a PE of 115x, 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.