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About Dynacons Systems & Solutions
Dynacons Systems & Solutions Ltd is an IT company with global perspectives with their headquarters at Mumbai and branches all over India and at Multiple Locations abroad. The company is engaged in providing a comprehensive range of end-to-end solutions to customers. The company has the technical expertise and the service delivery infrastructure to serve customers at a level of quality consistent with their expectations. They help in the selection of the right technology and application that will yield the greatest return and build a business case for implementation based on lower Total cost of ownership and higher performance.
The company undertakes all activities related to IT infrastructure including infrastructure architecture, design and consulting services, turnkey systems integration of large network and data centre infrastructures including supply of associated equipment and software; on-site and remote facilities management of multi- location infrastructure of domestic clients. Their key differentiators include an end-to-end services and solutions driven model with a strong focus on quality in every aspect of service and product delivery.
The company provides the entire spectrum of Information Technology services including Business Planning, Business Availability and Business Continuity Services. They provide high quality, 24 hour, seven days a week support services by leveraging their expertise in managing IT Infrastructures for their customers.
Dynacons Systems & Solutions Ltd was incorporated in the year 1995 as a private limited company with the name Dynacons Systems & Solutions Pvt Ltd. In January 2000, the company was converted into public limited company and the name was changed to Dynacons Systems & Solutions Ltd.
During the year 2000-01, the company completed their maiden public issue and the equity shares of the company were listed on the Bombay Stock Exchange, National Stock Exchange Ahmedabad Stock Exchange and Hyderabad Stock Exchange. The company entered into a strategic tie-up with Shecom to fulfill their manpower requirements for various key positions and also assist them in their various IT-related activities in India.
During the year 2002-03, the company obtained the order for computerization of the Revenue Department of Goa Government, involving supply of High End Servers, Desktops, Software, Networking and Systems Integration. They received the 'Best VFB Partner', 'Best Competitive Account Breakthrough' and 'Best IBM Sales Person', awards from IBM. During the year 2003-04, the company completed systems integration for the e-governance project of Goa Government, Revenue Department. Their shares were de-listed from Ahmedabad Stock Exchange and Hyderabad Stock Exchange during the year.
During the year 2008-09, several initiatives of restructuring have been taken to create multiple avenues of growth. The company decided to become selective in their business operations in order to improve profitability and productivity.
The objective of the company is to widen their reach and market presence and work towards establishing new markets. The focus will be on the education, hospitality, government and healthcare customer segments. Their focus will be on making strategic investments/ acquisitions, investing in the right business solutions, leverage their expertise in providing IT infrastructure solutions to further enhance the spectrum of offerings and focus on services expansion and become a vendor of choice for organizations.
Parent Organisation
Indian Private
Managing Director
Shirish M Anjaria
Founded
1995
NSE Symbol
DSSL
Community Discussion
A
AngelOne
16th Apr, 2024
Dynacons Systems & Solutions Secures Order from NABARD; Shares Rally Over 15% Today
The shares of the company have rallied over 15% with a significant surge in volumes, which are now over 2.82 times higher, and are currently trading at all-time high levels.
Dynacons Systems & Solutions, which provides IT infrastructure-related activities, has announced significant orders received by the company.
Order Details
Dynacons Systems & Solutions, a leading technology solutions provider, has announced that the company has secured a significant contract worth Rs 233 crores (including taxes) from the National Bank for Agriculture and Rural Development (NABARD).
The project involves the upgradation and migration of Core Banking Solution (CBS) from Finacle 7.0 to Finacle Application Model e 10.2.25. It also includes a service operation provider on the (ASP) deploying a comprehensive suite of services. These services encompass implementation, ongoing support, core banking consultancy, customization, solution upgrades, migration, and maintenance. Additionally, it involves infrastructure and network enhancements from leading technology vendors such as HPE, Oracle, Fortinet, Array, and Versa.
The scope of work includes serving 1391 branches of 38 State Coop Banks across 8 states. The contract is structured on an Operating Expense (OPEX) recurring revenue basis, ensuring streams throughout the agreement. The project is expected to be completed in 5 years.
Share Performance
Today, the company’s shares commenced trading at Rs 929.70 per share, which is lower compared to the preceding day’s closing figure of Rs 944.50 per share. During the intraday trading session, the stock reached highs and lows of Rs 1123.90 and Rs 929.15 respectively. Currently, the company’s shares are trading at Rs 1099.85 per share representing a gain of around 16% on the BSE.
The market capitalisation of the company stands at Rs 1398 crore. Additionally, the stock has delivered an impressive return of around 197% in the past year.
In terms of ownership, promoters hold 61.10%, while public investors hold 38.90%, as per the recent update.
Investors must keep this stock on their radar.
Disclaimer: This post has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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Dynacons Systems Solutions Ltd FAQs
What is the share price of Dynacons Systems Solutions Ltd (DSSL) shares?
Dynacons Systems Solutions Ltd (DSSL) share price as of October 9, 2024, on NSE is Rs 1402.85 (NSE) and Rs 1402.85 (BSE) on BSE.
Can I buy Dynacons Systems Solutions Ltd (DSSL) from Angel One?
Yes, You can buy Dynacons Systems Solutions Ltd (DSSL) shares by opening a Demat account with Angel One.
How do I buy Dynacons Systems Solutions Ltd (DSSL) from Angel One?
Dynacons Systems Solutions Ltd (DSSL) share can be bought through the following modes:
1. Direct investment: You can buy Dynacons Systems Solutions Ltd (DSSL) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Dynacons Systems Solutions Ltd (DSSL) shares.
1. Direct investment: You can buy Dynacons Systems Solutions Ltd (DSSL) shares by opening a Demat account with Angel One.
2. Indirect investment: The indirect method involves investing through ETFs and Mutual Funds that offer exposure to Dynacons Systems Solutions Ltd (DSSL) shares.
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