Dynacons Systems & Solutions jumps on winning order worth Rs 57.04 crore from Punjab National Bank

Dynacons Systems & Solutions is currently trading at Rs. 162.00, up by 12.25 points or 8.18% from its previous closing of Rs. 149.75 on the BSE.

Dynacons Systems & Solutions

The scrip opened at Rs. 159.95 and has touched a high and low of Rs. 166.15 and Rs. 155.20 respectively. So far 16524 shares were traded on the counter.

The BSE group ‘B’ stock of face value Rs. 10 has touched a 52 week high of Rs. 182.15 on 11-Oct-2021 and a 52 week low of Rs. 53.90 on 28-Jan-2021.

Last one week high and low of the scrip stood at Rs. 155.00 and Rs. 138.35 respectively. The current market cap of the company is Rs. 182.70 crore.

The promoters holding in the company stood at 51.27%, while Non-Institutions held 48.73% stake in the company.

Dynacons Systems & Solutions has won the prestigious order worth Rs 57.04 crore from Punjab National Bank for IT Security Solutions related to Endpoints. Dynacons has won this bid with stiff competition from industry known vendors.

The Bank’s objective is to select a vendor for support services of security solutions at endpoints related to AD/DM/AV/ATP solutions for the Amalgamated Entity (i.e. entity after amalgamation of Punjab National Bank, Oriental Bank of Commerce and United Bank of India. The Solution includes onsite deployment of highly skilled Resources at Data Centre / DR and their PAN India branches. The contract period is for 5 Years and may be further extended on mutual understanding.

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.