2051.02% Rally In 3 Yrs: IT Services Co. Receives Order Worth Rs.79.47 Cr From Union Bank Of India

Dynacons Systems & Solutions Ltd, on Tuesday, June 20, 2023, informed the exchange that it has received the order worth Rs. 79.47 crores from Union Bank of India for Supply, Installation, configuration, implementation and maintenance for Hyper-Converged Infrastructure and Software Solution for Expansion of Bank's On-Premises Private Cloud. The project covers 5 years and will have a Guaranteed uptime of minimum 99.95% for 24 x 7 x 365.

Dynacons receives Order worth Rs 79.47 crores from Union Bank of India for HyperConverged Infrastructure and Software Solution for Bank's On-Premises Private Cloud.

In the Press Release, the company said, "We are happy to announce that Dynacons Systems & Solutions Ltd has received the order from Union Bank of India worth Rs. 79.47 Crores for Supply, Installation, configuration, implementation and maintenance for Hyper-Converged Infrastructure and Software Solution for Expansion of Bank's On-Premises Private Cloud."

Union Bank of India is one of the largest Government Bank having Head office at Mumbai and 9400+ Branches & 125 Regional offices spread across the country. The private cloud solution will help standardize and automate its processes. The Hyper-Converged IT infrastructure will allow the bank to scale faster, offer technology enhancements quicker, reduce operational complexity, and automate application provisioning and deployment. The solution involves the integration of products of HP Enterprise, VMWare, Red Hat and Microsoft.

"Accelerated adoption of the cloud is opening up all kinds of possibilities in product and business model innovation. A cloud-first digital core is a key to enterprises' growth and transformation journeys. The company's strong service orientation, willingness to invest in the relationship, commitment to deliver impactful outcomes and track record of execution excellence have made us the preferred partner to enterprises in these journeys." said Mr. Parag J. Dalal, Executive Director of the Company."

Stock Movement

Meanwhile, on Thursday, the share of Dynacons ended at Rs 528 apiece, up 2.24% from its previous close of Rs. 516.45 apiece on BSE. The stock traded its 52 week high on 30 January 2023 at Rs. 555 apiece and 52 week low on 17 August 2022 at Rs. 252.45 apiece, respectively.

It has performed well in the past 5 years, given multibagger returns. It surged 14.14% in 1 week, 43.97% in 1 month, and 62.42% in 3 months, respectively. It jumped 56.21% in 1 year. The stock has given multibagger return of 2051.02% in 3 years and 1423.51% in the past 5 years, respectively.

It is a small-cap IT Services sector stock having a market capitalisation of Rs. 666.20 crore.

About - Dynacons Systems & Solutions Ltd.

Dynacons Systems & Solutions Ltd. is a 27 years old IT company with global perspectives with its headquarters at Mumbai and branches all over India. The Company has a large pool of technical resources who are present at more than 250 locations across India. The Company has all the Industry leading certifications such as CMMI Level 5, ISO 9001, ISO 20000, ISO 27000 among others.