{"id":140289,"date":"2024-12-06T14:13:25","date_gmt":"2024-12-06T08:43:25","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=140289"},"modified":"2024-12-06T17:05:21","modified_gmt":"2024-12-06T11:35:21","slug":"it-stock-jumps-after-signing-master-service-agreement-with-flipkart","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/it-stock-jumps-after-signing-master-service-agreement-with-flipkart\/","title":{"rendered":"IT stock jumps after signing master service agreement with Flipkart"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-103745251\"><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 Microcap stock which deals in the business of Recruitment and staffing services was up by 1.47 percent after the company entered into a Master Service Agreement with Wal-Mart India.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1029529821\"><!-- 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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Price Action&nbsp;<\/strong><\/h2><p>With a market capitalization of Rs. 342.91 Crores, the shares of <strong>ITCONS E-Solutions Limited<\/strong> were up by 1.47 percent in the day\u2019s trade touching a day\u2019s high of Rs. 681.90 per share. The stock stayed near the upper circuit limit 1.47 percent higher than the previous closing price of Rs. 672 apiece.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>What Happened&nbsp;<\/strong><\/h2><p>The ITCONS E-Solutions stock soared due to the Master Service Agreement with Wal-Mart India Private Limited (Flipkart). This agreement is in regard to providing One Time Placement Service across India. The resources required will be based on the client\u2019s requirements from time to time.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>About the Company&nbsp;<\/strong><\/h2><p>ITCONS E-Solutions Limited is headquartered in Noida. It is into staffing and recruitment business operating across India. The company was founded in 2007 and it specializes in providing manpower supply and sourcing services, particularly in the IT and healthcare sectors. They focus on customized staffing solutions which include recruitment process outsourcing and managed IT services. Their business model focuses on collaboration with clients to deliver cost-effective, flexible staffing solutions tailored to diverse industry needs by leveraging technology to improve service efficiency and client satisfaction. With a growing portfolio of reputed clients, ITCONS aims to expand its market presence through strategic partnerships and acquisitions.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2590055142\"><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><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Financials &amp; Ratios&nbsp;<\/strong><\/h2><p>Its Revenue from operations grew by 37.24 percent year on year from Rs. 12.78 Crores in H1FY24 to Rs. 17.54 Crores in H1FY25, accompanied by profits of Rs. 0.77 Crores to Rs. 1.29 Crores.&nbsp;<\/p><p>In terms of Return ratios, it has reported a return on equity (ROE) of 19.25 percent and a return on capital employed (ROCE) of 1.01 percent. The Loan to Deposit ratio was 0.71 as of FY24.<\/p><p>As of 30th September 2024, the company has a net positive cash flow of Rs. 7.13 crores which includes operating cash flow of &#8211; Rs. 12.22 crore, Investing activities of &#8211; Rs. 0.30 crore, and Financing Activities of Rs. 19.66 crores. Out of this, the impact on cash flow from operating activities was due to long-term loans and advances which increased exponentially and the net cash flow was positive due to an increase in cash flow from financing activities which included money received against share warrants.&nbsp;<\/p><h2 class=\"wp-block-heading has-medium-font-size\"><strong>Shareholding Pattern&nbsp;<\/strong><\/h2><p>As of September 2024, the shareholding pattern with promoters stake holding a share of 59.36 percent in ITCONS E-Solutions, Domestic Institutional investors (DII) standing at 0.08 percent, and public holdings standing at 40.56 percent.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Santhosh S&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading has-medium-font-size\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on <a href=\"http:\/\/tradebrains.in\/\">tradebrains.in<\/a> 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-1212512820\"><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 Microcap stock which deals in the business of Recruitment and staffing services was up by 1.47 percent after the company entered into a Master Service Agreement with Wal-Mart India.&nbsp; Price Action&nbsp; With a market capitalization of Rs. 342.91 Crores, the shares of ITCONS E-Solutions Limited were up by 1.47 percent in the day\u2019s trade [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15358,"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":[4865,31,13525],"tags":[],"class_list":["post-140289","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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