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HomeSTOCKS233 Crore New Order From Government; After News Share Hit 20% Upper...

233 Crore New Order From Government; After News Share Hit 20% Upper Circuit

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Small Cap Stock: Shares of small-cap stock Dynacons Systems & Solutions Ltd (NSE: DSSL) was in focus today. The company’s shares reached an upper circuit of 20% and hit a 52-week record high of 1133.40.

There is a huge demand for these shares. The IT company has been awarded an order of around Rs 233 crore for upgrading the core banking system and migration to similar to the National Bank for Agriculture and Rural Development (NABARD).

What Are The Details Of The Order?

This project involves upgrading and transferring from Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25 working with the Application Service Provider (ASP) model. This contract entails managing 1391 branches of 38 state cooperative banks across eight states.

This contract runs valid for 5 years. Dynacons Systems & Solutions Ltd aims to reduce disruptions to banking operations while maximizing the benefits of the Finacle platform.

The Status Of The Shares Of The Company

Shares of Dynacons Systems & Solutions Ltd opened at ₹930.05 in early trade today and touched a 52-week high of ₹1,133.40, up 20 percent on the BSE intraday. This stock has climbed 210% in a year. 

The company’s shares stood at ₹17.75 per share in April 2020. It has climbed almost 4,300 percent from the current price. 

That is, during this period it has increased the investment of ₹ 10,000 to more than ₹ 4.4 lakh. Based on research, Dynacons Systems has given higher results over Nifty 50 or Sensex over the past year.

In the last month, the IT company has given 43.63 percent returns, while Nifty 50 and Sensex have given 0.57 percent and 0.41 percent returns respectively.

Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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