Manpower service provider secures two new orders worth Rs 2,06,39,267.89 from Wipro & HCL Technologies
The stock gave multibagger returns of over 500 per cent from its 52-week low of Rs 83.45 per share.
ITCONS E-Solutions Limited has secured two significant new orders totalling Rs 2,06,39,267.89, further strengthening its position in the IT services sector. The first order, valued at Rs 62,66,867.89, comes from Wipro Limited for providing technical manpower services. This domestic contract is scheduled for completion by November 30, 2025, and underscores ITCONS E-Solutions' commitment to excellence as a trusted partner in critical IT support.
The second set of orders, received from HCL Technologies Limited, aggregates to Rs 1,43,72,400. These domestic contracts involve providing both technical support services and on-call support services, with a completion deadline of March 31, 2026. Both new orders highlight ITCONS E-Solutions' continued success in securing substantial work from leading Indian IT companies for manpower and technical support services.
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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 259 crore. The stock gave multibagger returns of over 500 per cent from its 52-week low of Rs 83.45 per share. The company's shares have a PE of 90x, an ROE of 13 per cent and an ROCE of 17 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.