This small-cap IT company bags contracts worth more than Rs 100 crore

resr 5paisa Research Team

Last Updated: 30th March 2023 - 01:27 pm

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The company is having presence in more than 250 locations in India.

About New Contract

For the supply, installation, testing, and operation and maintenance of PKI solutions, IT infrastructure components, and connectivity services for the e-PASSPORT PROJECT, Dynacons Systems & Solutions has received one of the coveted contracts worth Rs 106 crore from (n)Code Solutions of GNFC.

Governments all over the world are pursuing the issuance of sophisticated machine-readable travel papers (MRTD) to their people due to security concerns, evolving technologies, and rising standards. These papers, also referred to as ePassports, have a chip that saves data that can be compared to the information on the passport.

Price Movement of Dynacons Systems & Solutions Limited 

The scrip opened on Wednesday at Rs. 291.20 and touched a high and low of Rs 304 and Rs 283.30, respectively. Its 52-week high stood at Rs 555 whereas its 52-week low was Rs 206.50. The current market cap of the company is Rs 379.02 crore. Promoters hold 61.10%, whereas non-institutional holdings 38.90%.

About the Company 

On September 26, 1995, Dynacons Systems & Solutions was established as a private limited company. On November 30, 1999, it underwent a conversion to become a public limited company. It is an international IT firm with offices throughout India and other countries as well as a base in Mumbai. A group of experts with knowledge of IT solutions created Dynacons. These activities began with management consulting twenty years ago, which sparked a demand for software consulting, which carved out the market for the provision of hardware and software in a bundle in the shape of a "solution". Dynacons aids in the selection of the most effective technology and application and in developing a business case for adoption based on improved performance and a reduced total cost of ownership.

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