Dynacons Systems & Solutions share price (NSE: DSSL) jumped almost 10% on the BSE after the company announced a new Device-as-a-Service (DaaS) project awarded by Jammu & Kashmir Bank. The contract is valued at ₹74.99 crore and will run for 5 years.
At 9:41 AM, the stock was trading 9.42% higher at ₹944, while the Sensex was also up by 0.52%. Dynacons currently has a market cap of ₹1,201 crore. Its 52-week range stands between ₹825.05 and ₹1,614.55.
According to the company’s filing, Dynacons will deploy 9,851 high-end desktops across 1,019 branches nationwide under an Opex-based DaaS model.
The project covers the full device lifecycle, including:
This upgrade will help J&K Bank modernise its IT systems, improve service quality, and support remote and hybrid work needs.
J&K Bank has chosen Dynacons to develop an advanced workplace solution as part of its digital transformation strategy. The DaaS-based model ensures scalability, better security, and cost-efficient operations across the bank’s nationwide network.
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Dynacons is a 30-year-old IT solutions company headquartered in Mumbai, with presence in over 250 locations across India. The company holds several major industry certifications such as CMMI Level 5, ISO 9001, ISO 20000, and ISO 27000, highlighting its strong technical capabilities.
Dynacons’ latest ₹75 crore DaaS order from J&K Bank has boosted investor confidence, pushing the stock up nearly 10%. With a large-scale deployment and complete lifecycle management, this project strengthens Dynacons’ position in the IT services space and supports J&K Bank’s push toward modern, scalable digital infrastructure.
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Published on: Dec 12, 2025, 1:14 PM IST
Kusum Kumari
Kusum Kumari is a Content Writer with 4 years of experience in simplifying financial market concepts. Currently crafting insightful content at Angel One, She specialise in breaking down complex topics into easy-to-understand pieces, blending expertise in market fundamentals and technical analysis.
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