Microcap Company Wins Contract Worth Rs 2.46 Crore From Wipro, Stock Rallies 5.78%

ITCONS e-Solutions Ltd. wins a contract worth Rs 2.46 Crore (Rupees Two Crore Forty-Six Lakh (excl Taxes)) from Wipro Limited to supply manpower services for their various clients’ projects.

It is a small-cap company that operates in the Diversified Commercial Services industry. The company has a market capitalisation of Rs 21.81 Crore.

Wins Contract Worth Rs 2.46 Crore

In a regulatory filing, ITCONS E-Solutions Limited said, “We are pleased to inform you that we have been awarded new contract worth Rs. 2.46 Crore from Wipro Limited to deploy new 105 resources on their clients’ project like HDFC, Adani, Trent, Aditya Birla. These resources will be on ITCONS ‘payroll.”

Stock Movement

On Wednesday, the shares of ITCONS E-Solutions Limited currently trading at Rs 43.3 7 apiece, up 5.78%. The stock jumped 8.43% in the past 1 week, and 8.48% in the past 2 weeks, respectively. It jumped 11.21% in the past 1 month. It has fallen 9.55% in the past 3 months.
It traded its 52-week high on Apr 03, 2023, at Rs 52.75 apiece and its 52-week low on Mar 29, 2023, at Rs 33.01 apiece. The stock was listed on Mar 13, 2023.

About – ITCONS e-Solutions Ltd.

ITCONS e-Solutions is a Pan India, professional staffing and recruitment company specializing in strategic services for Information Technology, Healthcare, Manufacturing, Oil and Gas, Engineering, Logistics/Transportation, Light Industrial, Media, Finance/Accounting, Administrative Services/Clerical, Marketing/Creative, related industries along with State Govt. Central Govt. and PSUs. ITCONS e-Solutions provides Long-term or Short-term staff Augmentation or Managed task contract or Contingent employment/staffing solution, according to company’s official website.