Dynacons Systems and Solutions: This small-cap stock turned ₹10,000 into ₹4.4 lakh in less than 4 years
₹17.75 apiece to the current market price of ₹781, delivering a staggering return of nearly 4300%. Also Read: Indian stock market to see record inflows as India-China weight gap in MSCI Index narrows to historic low During this period, an investment of ₹10,000 would have turned into over ₹4.4 lakh. Impressively, out of the last 45 months (including February), the stock ended 28 in the green.
Looking at the stock's yearly performance, it achieved a multibagger return of 162% in CY20, followed by a stellar return of 151% in CY21. This momentum persisted into CY22 with a 112% return, and in CY23, it continued to rise with a gain of 77%. Dynacons Systems & Solutions is a 27-year-old IT company with global perspectives, with its headquarters in Mumbai.
It undertakes all activities related to IT infrastructure and provides all service models, such as IaaS (Infrastructure as a Service), PaaS (Platform as a Service), and SaaS (Software as a Service). Also Read: Indiamart Intermesh: Jefferies initiates coverage with 'buy' rating, sees 26% upside On January 30, the company won the Best Nutanix Performance Award for the Year 2023 from a global leader, Hewlett Packard Enterprise (HPE). This year, the company secured multiple orders.
On January 12, it won a significant contract worth ₹90 crore from BSNL for providing integrated telecom network & IT solutions, including the command centre and network operations centre. Additionally, on January 06, it secured a ₹214 crore order from Union Bank of India for hyper-converged infrastructure and software solutions. Another notable project worth ₹137 crore was won from Bharat Heavy Electricals.
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