Microcap stock jumps after receiving order from Central Bureau of Investigation

The shares of prominent staffing companies gained up to 2 percent after the company bagged a prestigious word order from the Central Bureau of Investigation. 

Price Movement 

With a market capitalization of Rs 259.48 crore, the shares of ITCONS E-Solutions Ltd were trading at Rs 516.00 per share, increasing around 1.27 percent as compared to the previous closing of Rs 509.55 apiece. 

Reason for Rise 

The shares of ITCONS E-Solutions Ltd have seen positive movement after securing a new work order from the Central Bureau of Investigation (CBI), Ministry of Personne,l Public Grievances and Pensions, Department of Personnel and Training, Central Government to provide 02 unskilled resources on a contractual basis for the period of 02 years. This order worth Rs 10.86 Lakh. 

Financial condition 

Looking forward to the company’s financial performance, revenue increased by 37 percent from Rs 12.78 crore in H1FY24 to Rs 17.54 crore in H1FY25, during the same time, net profit jumped by 68 percent from Rs 0.77 crore to Rs 1.29 crore. 

Recent Orders 

ITCONS E-Solutions Ltd has secured a one-year contract from Dr. Harisingh Gour Vishwavidyalaya, Sagar (M.P.), under the Ministry of Education. The agreement involves supplying 23 contractual manpower services for the Institute of Engineering and Technology. 

The service period runs from April 1, 2025, to March 31, 2026, with a total contract value of Rs. 51.37 lakhs, including taxes. This work order reinforces the company’s strong ties with Dr. Harisingh Gour Vishwavidyalaya, marking another key achievement. 

Also read: Railway stock jumps 4% after receiving order from Integral Coach Factory for stainless steel seats

Recent Developments 

The company secured a ₹3 crore manpower contract from Central Warehousing Corporation and a ₹45 crore technical services order from Proteam Advisory. It’s collaborating with UNi B Solutions (USA) for NHAI toll processing and has onboarded 120 employees for City Mall, generating ₹3.88 crore annually. 

Company Analysis 

ITCONS E-Solutions provides recruitment, staffing, and technology solutions. Its services include IT and general staffing, RPO, permanent hiring, payroll, managed IT services, and product installation, catering to IT, healthcare, manufacturing, logistics, media, finance, and government sectors.

Written by Abishek Singh

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