{"id":109851,"date":"2023-09-13T13:44:29","date_gmt":"2023-09-13T08:14:29","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109851"},"modified":"2023-09-13T13:50:04","modified_gmt":"2023-09-13T08:20:04","slug":"newly-listed-penny-stock-jumps-4-3-after-bagging-an-order-worth-2-94-cr-from-a-singapore-company","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/newly-listed-penny-stock-jumps-4-3-after-bagging-an-order-worth-2-94-cr-from-a-singapore-company\/","title":{"rendered":"Newly listed penny stock jumps 4.3% after bagging an order worth \u20b9 2.94 Cr from a Singapore company"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1125140659\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This stock is included in the S&amp;P BSE SME IPO index and today rose 4.3% within the first half hour of markets opening. The stock currently trades at Rs. 51.99 versus Rs. 49.84 closing yesterday and 13% above its 20 day moving average. The stock was listed in March 2023 and has a market cap of Rs. 26 crore, returning 33% since its listing.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-906456323\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p><strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/543806\/standalone?standalone=true\" target=\"_blank\" rel=\"noreferrer noopener\">ITCONS Ltd<\/a><\/strong> (\u201cItcons\u201d) said in an exchange filing dated 12th September 2023 that the company has received a purchase order from M\/s. Netpoleon Solutions Pte Ltd., Singapore, worth USD 3,55,118 (equivalent to INR 2,94,50,159\/- as per rate at the time) for providing consulting services on IPAM solution implementation. The contract is to be carried out in the next 6 months.\u00a0<\/p><p>In mid July, the company had bagged an order from Wipro Ltd worth Rs. 2.46 crore to deploy new 105 resources on their clients\u2019 projects like HDFC, Adani, Trent, Aditya Birla. These resources will be on ITCONS \u2019payroll. The deployment of resources is stated to be done as per the terms &amp; conditions of the work order.&nbsp;<\/p><p>Itcons has had stable shareholding since its listing with a promoter stake of 59.4% and rest being held by the public. The stock has no short interest. Financially, the company reported revenue of Rs. 28 crore in FY23 and Net Profits of Rs. 5 crore, indicating a margin of 6.1% and an EPS of 5.23.&nbsp;&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-566179484\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>ITCONS operates a a professional staffing &amp; recruitment company in India. The company\u2019s offerings include workplace management services such as IT staffing, General Staffing, re-badging, recruitment process outsourcing, pas through services, hiring, technology solutions, consulting and much more. <\/p><p>It serves a broad array of verticals including private and public sector entities. The company is based in Noida, India and was incorporated in 2007.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Sandeep R<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1018705913\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This stock is included in the S&amp;P BSE SME IPO index and today rose 4.3% within the first half hour of markets opening. The stock currently trades at Rs. 51.99 versus Rs. 49.84 closing yesterday and 13% above its 20 day moving average. The stock was listed in March 2023 and has a market cap [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[12052,12053,12051,948,936],"class_list":["post-109851","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-itcons-latest-news","tag-itcons-latest-order","tag-itcons-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Newly listed penny stock jumps 4.3% after bagging an order worth \u20b9 2.94 Cr from a Singapore company - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This stock is included in the S&amp;P BSE SME IPO index and today rose 4.3% within the first half hour of markets opening. The stock currently trades at Rs. 51.99 versus Rs. 49.84 closing yesterday and 13% above its 20 day moving average. The stock was listed in March 2023 and has a market cap of Rs. 26 crore, returning 33% since its listing.\u00a0\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/newly-listed-penny-stock-jumps-4-3-after-bagging-an-order-worth-2-94-cr-from-a-singapore-company\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Newly listed penny stock jumps 4.3% after bagging an order worth \u20b9 2.94 Cr from a Singapore company\" \/>\n<meta property=\"og:description\" content=\"This stock is included in the S&amp;P BSE SME IPO index and today rose 4.3% within the first half hour of markets opening. The stock currently trades at Rs. 51.99 versus Rs. 49.84 closing yesterday and 13% above its 20 day moving average. The stock was listed in March 2023 and has a market cap of Rs. 26 crore, returning 33% since its listing.\u00a0\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/newly-listed-penny-stock-jumps-4-3-after-bagging-an-order-worth-2-94-cr-from-a-singapore-company\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-13T08:14:29+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-13T08:20:04+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/newly-listed-penny-stock-jumps-4-3-after-bagging-an-order-worth-2-94-cr-from-a-singapore-company\/\",\"url\":\"https:\/\/tradebrains.in\/features\/newly-listed-penny-stock-jumps-4-3-after-bagging-an-order-worth-2-94-cr-from-a-singapore-company\/\",\"name\":\"Newly listed penny stock jumps 4.3% after bagging an order worth \u20b9 2.94 Cr from a Singapore company - Trade Brains Features\",\"isPartOf\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/tradebrains.in\/features\/newly-listed-penny-stock-jumps-4-3-after-bagging-an-order-worth-2-94-cr-from-a-singapore-company\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/tradebrains.in\/features\/newly-listed-penny-stock-jumps-4-3-after-bagging-an-order-worth-2-94-cr-from-a-singapore-company\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/07\/market-1.jpg\",\"datePublished\":\"2023-09-13T08:14:29+00:00\",\"dateModified\":\"2023-09-13T08:20:04+00:00\",\"author\":{\"@id\":\"https:\/\/tradebrains.in\/features\/#\/schema\/person\/640937d840c7695c8f8995dd15ae0666\"},\"description\":\"This stock is included in the S&P BSE SME IPO index and today rose 4.3% within the first half hour of markets opening. 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