Dynacons Systems & Solutions touches roof on bagging order of Rs 105 crore from LIC

Dynacons Systems & Solutions is currently trading at its upper circuit limit of Rs. 289.15, up by 13.75 points or 4.99% from its previous closing of Rs. 275.40 on the BSE.

The scrip opened at Rs. 288.45 and has touched a high and low of Rs. 289.15 and Rs. 288.45 respectively. So far 679 shares were traded on the counter.

Dynacons Systems Solutions
Dynacons Systems Solutions

The BSE group ‘T’ stock of face value Rs. 10 has touched a 52 week high of Rs. 457.95 on 15-Jun-2022 and a 52 week low of Rs. 116.25 on 18-Aug-2021.

Last one week high and low of the scrip stood at Rs. 289.15 and Rs. 252.45 respectively. The current market cap of the company is Rs. 326.11 crore.

The promoters holding in the company stood at 56.22%, while Institutions and Non-Institutions held 0.00% and 43.78% respectively.

Dynacons Systems & Solutions has secured order from Life Insurance Corporation of India (LIC) for workplace solutions including the supply, installation and support of IT infrastructure for their offices/branches all over India. The overall value of the order for all the zones is Rs 105 crore.

Life Insurance Corporation of India is one of the oldest and largest Life Insurance Company in India. LIC of India has 5 zonal offices, 117 divisional offices, 2048 branch offices and over 2900 other offices. Life Insurance Corporation of India is looking to refresh their IT Assets with buyback option of existing assets.

The refreshment of IT Infrastructure will help in increased reliability and scalability, better security, reduced downtime and provide access to the latest Technologies.

The scope of the order includes supply and installation of IT Infrastructure across their offices all over India and also includes 3 years of services and support.

Dynacons Systems & Solutions is an IT company with global perspectives.

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