Shares of ITCONS E-Solutions shot up sharply on Wednesday after the company bagged two orders worth around ₹1 crore.

What Happened: The first order was awarded by the South Eastern Railway, Ministry of Railways. The order is for the requirement of 21 skilled computer operator employees on a contractual basis for a year. The contract is worth around ₹87.55 lakh.

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The second order was from the National Institute of Communication Finance, Department of Telecommunications (DOT), Ministry of Communications. The order is for one employee for the profile of IT engineer-technical for three years. The order is worth around ₹13.15 lakh.

ITCONS e-Solutions is a professional staffing and recruitment firm that specialises in providing strategic services across a variety of industries. The Noida headquartered company offers a range of staffing solutions tailored to meet the diverse needs of clients, including long-term and short-term staff augmentation, managed task contracts and contingent employment and staffing options. The company has a market cap of around ₹250 crore.

Price Action: Shares of ITCONS E-Solutions were locked in the 5% upper circuit at ₹497.70.

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