IT Stock engaged in providing systems integrations that include the sale of IT Products and services jumped 17 percent in the day’s trade, upon receiving a work order worth Rs. 41.72 Crores from the National Payments Corporation of India (NPCI).
With a market capitalization of Rs. 1,158 Crores, the shares of Dynacons Systems & Solutions Limited were trading at Rs. 914.75, up 16.92 percent from its previous day’s close price of Rs. 782.40.
Dynacons Systems & Solutions Limited has received an order worth Rs. 41.72 Crores from National Payments Corporation of India (NPCI) for the supply, installation & maintenance of HPE Enterprise Servers with Seven years of backline comprehensive support & committed uptime
Adopting Enterprise Class Servers will accelerate NPCI’s digital transformation journey by leveraging modern operating systems. This will enable NPCI to seamlessly integrate the latest versions of applications, thereby enhancing server performance and expanding its capabilities.
National Payments Corporation of India (NPCI) an initiative of the Reserve Bank of India (RBI) and the Indian Banks’ Association (IBA), plays a pivotal role in developing a robust Payment & Settlement Infrastructure in India. As an umbrella organization, NPCI facilitates critical services including UPI Payment, Bharat Bill Pay, RuPay Card, Fast Tag, and more.
Dynacons Systems & Solutions Limited is an Information Technology solutions company engaged in providing systems integrations that include the sale of IT Products and services like infrastructure design, turnkey system integration of networks, consulting services and many more.
Its revenue from operations grew by 31.97 percent from Rs. 172 Crores in Q3FY23 to Rs. 227 Crores in Q3FY24, accompanied by increasing profits of Rs. 8 Crores to Rs. 13 Crores.
It has reported a return on equity (ROE) of 38.9 percent and a return on capital employed (ROCE) of 36.5 percent, it is making good returns on its equity and capital employed.
Written by: Bharath K.S
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