Dynacons Systems & Solutions share price skyrockets over 83% in just 15 sessions, up 340% in a year
Dynacons Systems & Solutions, an Indian-based IT company, experienced a substantial surge in its share value in recent trading sessions, driven by heightened investor sentiment following the company's acquisition of a significant order. Between March 27 and April 19, the shares underwent a remarkable surge, escalating from ₹782.40 apiece to ₹1435.7, marking a remarkable rally of 83.50% within just 15 trading sessions.
This surge has propelled the stock to achieve an impressive rally of 340% in just one year. Also Read: 10 small-cap IT stocks including Birlasoft, 63 Moons Tech gained over 140% in last one year; check full list On April 16, the company announced a substantial order valued at ₹233 crore from NABARD for Core Banking Solution Upgradation & Migration on the ASP model.
In March, it secured an order worth ₹41.72 crore from the National Payments Corporation of India (NPCI) for the installation and maintenance of HPE Enterprise Servers, inclusive of seven years’ backline comprehensive support and committed uptime. Additionally, in February, the company acquired an order worth ₹90.02 crore from BSNL for providing integrated telecom network & IT solutions, including a command centre and network operations centre, for its premier customer.
Also Read: Anand Rathi recommends this small-cap stock to buy, sees 26% upside potential In January, it secured a 214-crore order from Union Bank of India for hyper-converged infrastructure and software solutions. Furthermore, another notable project worth ₹137 crore was awarded from Bharat Heavy Electricals.
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