Investors would profit greatly after PENNY STOCK Central Warehousing Corporation placed a large order for ₹ 50 shares

 Investors would profit greatly after PENNY STOCK Central Warehousing Corporation placed a large order for ₹ 50 shares

After the firm secured a sizable order from the Department of food and their distribution to the public at Central Warehousing Corporation (CWC), penny stock priced below ₹ 50 saw a steady increase in share price. In addition to this, the business has gotten further orders. Tell us in detail.

ITCONS E-Solutions Ltd received a sizable order.

The Ministry of Consumer Affairs, Food and Public Distribution, the Department of Food as well as Public Distribution, Central Warehousing Corporation (CWC), Bangalore, has awarded ITCONS E- Solutions Ltd a project valued at Rs 5,75,96,681. We have got the order, which has the potential to be extended for an additional two years without going through a competitive process.

Service Provision and Business Growth

Prior to now, the Company had contracts in place with Ecom Express Limited for general staff recruiting services and with HDB Financial Services Limited for one-year recruitment services.

The company's place in the equity market

ITCONS E-Solutions Ltd.'s shares increased by 0.09 percent on Friday, closing at Rs 44.46 a share. Its intraday low was Rs 43.86 and its maximum price was Rs 44.46. Its price ranges from Rs 33.01 to Rs 55.78 during a 52-week period.

financial standing of the business ITCONS E-Solutions Ltd., situated in New Delhi, offers human resource services to both public and commercial enterprises. The company's market capitalization, based on financial statistics, is Rs 22.36 crore. The business's quarterly and yearly statistics show encouraging figures. The company's debt has also been lowered, and it virtually has no debt left.

performance of stocks

The ROE and ROCE of the company's shares are 24% and 31.7 percent, respectively, while the PE is 12.9x. From the stock's 52-week low of Rs. 33.01, it has increased by 35%. Investors need to monitor this micro-cap stock closely.