Dynacons Systems & Solutions Ltd.

Dynacons Systems & Solutions is currently trading at Rs. 234.50, up by 21.40 points or 10.04% from its previous closing of Rs. 213.10 on the BSE.

The scrip opened at Rs. 225.00 and has touched a high and low of Rs. 246.80 and Rs. 208.00 respectively. So far 19912 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 267.00 on 07-Feb-2022 and a 52 week low of Rs. 63.20 on 01-Mar-2021.

Last one week high and low of the scrip stood at Rs. 246.80 and Rs. 176.65 respectively. The current market cap of the company is Rs. 265.03 crore.

The promoters holding in the company stood at 56.22% and Non-Institutions held 43.78%.

Dynacons Systems & Solutions has won one of the largest order from Bank of Baroda for set-up of Software Defined Wide Area Network (SD-WAN) for 6000 branches with order value worth Rs 101 crore. The bank is intending to implement SD-WAN solution initially in its 6000 Domestic branches/ offices spread across the country.

SD-WAN is a transformative technology that simplifies the IT infrastructure control and management by delivering a virtual WAN architecture that securely connects users to their applications. The advantages of SD-WAN are simplified branch office connectivity, increased reliability, optimized application performance, and increased network agility. SD-WAN lowers total costs, by providing more resource usage and a more automated branch and WAN architecture that is required to fulfill modern IT business initiatives. This solution will help the bank to reduce overhead costs & increase the WAN performance.

Dynacons Systems & Solutions is an IT company with global perspectives. The company has created a niche market and image with three main aspects -- Innovation, Technology and Services. It is providing services to many clients in areas such as education, government and public sector, shipping, healthcare, banking, BPO, manufacturing and entertainment.