Introduction:
Leading manpower solutions provider has secured a significant work order from Wipro to supply service desk coordination and manpower support. The one-year contract, valued at ₹64.27 lakh, marks a key milestone, strengthening its position in the manpower outsourcing industry.
Also Read: Green energy stock jumps after receiving order to supply 362.5 Mwp solar PV modules
Share price movement of ITCONS E-Solutions:
On February 20, 2025, ITCONS E-Solutions Ltd opened at ₹478.00, up 4.49% from its previous close of ₹457.45. The stock reached a high of ₹480.30 (5.00%) and a low of ₹435.00. By 11:40 AM, it traded at ₹480.30, a 5.00% increase, with a market cap of ₹241.53 crore.
ITCONS Secures Work Order from Wipro:
ITCONS E-Solutions Limited has secured a significant work order from Wipro Limited to provide manpower services, including service desk coordination and manpower support. The contract, valued at ₹64.27 lakh, is for a one-year period on a contractual basis.
This order strengthens ITCONS E-Solutions business relationship with Wipro and highlights its growing presence in the manpower services sector. The company confirmed that the contract is purely domestic and does not involve any related party transactions. The deal is expected to enhance revenue and operational capabilities.
Following the announcement, ITCONS E-Solutions stock surged, hitting a 5% upper circuit as investor sentiment remained positive. The contract reinforces the company’s growth trajectory and positions it for further expansion in the manpower outsourcing industry.
Recent news on ITCONS E-Solutions:
As of February 08, 2025, ITCONS E-Solutions Ltd has secured an additional ₹4.53 crore work order from the National Institute of Biologicals to provide 23 manpower resources on a three-year contractual basis, strengthening its presence in the manpower outsourcing sector.
Ace investor holding in ITCONS E-Solutions:
Ravindra N Sakla
Ravindra N Sakla holds 130,000 shares, representing a 2.59% stake in ITCONS E-Solutions Ltd, with a total worth of ₹6.2 crore. His investment reflects confidence in the company’s growth and potential in the manpower outsourcing sector.
Stock performance of ITCONS E-Solutions for Period of 1 week, 6 months and 1 year:
ITCONS E-Solutions Ltd saw a slight decline of 8.44% over the past week. However, its six-month return stands strong at 33.4%. Over the past year, the company has delivered an impressive 539% growth, showcasing its strong market performance and investor confidence.
Also Read: Defence stock jumps 5% after it receives order worth ₹43.25 Cr from NewSpace India
Shareholding pattern of ITCONS E-Solutions:
Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
Promoter | 59.40% | 59.40% | 59.40% |
FII | 0% | 0.00% | 0.00% |
DII | 0.20% | 0.10% | 0.00% |
Public | 40.50% | 40.60% | 41% |
About ITCONS E-Solutions:
ITCONS E-Solutions Ltd (BSE: 543806) specializes in IT consulting, staffing, and recruitment services across various sectors. Expanding into green energy, the company has entered the solar power segment by establishing power plants, diversifying its business portfolio.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.