{"id":76715,"date":"2022-12-07T15:40:00","date_gmt":"2022-12-07T10:10:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=76715"},"modified":"2022-12-07T15:37:42","modified_gmt":"2022-12-07T10:07:42","slug":"multibagger-stock-bags-an-order-to-digitize-union-banks-business","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/multibagger-stock-bags-an-order-to-digitize-union-banks-business\/","title":{"rendered":"Multibagger stock bags an order to digitize Union banks business"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3624940345\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Dynacons Systems &amp; Solutions has won a contract from the Union Bank of India for creating and implementing private cloud solutions for the bank. The project is worth Rs 116 crore and will last for a period of 5 years.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-92882743\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The bank has placed an order for the supply, installation, configuration, implementation, and maintenance of Hyper-Converged Infrastructure and Software Solutions for the Bank&#8217;s On-Premises Private Cloud.&nbsp;<\/p><p>The private cloud solution and associated software would be deployed at the bank&#8217;s primary site in Mumbai and its disaster recovery site in Bengaluru.&nbsp;<\/p><p>Dynacons Systems &amp; Solutions Ltd. is an IT company engaged in activities related to infrastructure design and consulting services, turnkey systems integration of large Network and Data Centre infrastructures including supply of associated equipment and software, and onsite and remote facilities management of multi-location infrastructure of clients.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1456245802\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The shares of the IT company were up 4 per cent and were trading at Rs 382 levels till the afternoon on Wednesday. In the span of a month, the stock has gained 26 per cent. On a Year to Date (YTD) basis, the stock has delivered a multibagger return of 144 per cent.\u00a0<\/p><p>Union Bank of India is one of the country&#8217;s largest government banks, with over 9400 branches and 125 regional offices spread across the country. The private cloud solution will aid in the standardization and automation of its processes.&nbsp;<\/p><p>The shares of the bank were trading marginally lower at Rs 87 levels till the afternoon of the day. However, in the span of a month the stock has gained 50 per cent, and in the last six months, it has delivered a multibagger return of 126 per cent.\u00a0<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Anoushka Roy<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The content in this news article is not investment advice. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-3591999147\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Dynacons Systems &amp; Solutions has won a contract from the Union Bank of India for creating and implementing private cloud solutions for the bank. The project is worth Rs 116 crore and will last for a period of 5 years.&nbsp; The bank has placed an order for the supply, installation, configuration, implementation, and maintenance of [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":25033,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[],"class_list":["post-76715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Multibagger stock bags an order to digitize Union banks business - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/multibagger-stock-bags-an-order-to-digitize-union-banks-business\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Multibagger stock bags an order to digitize Union banks business\" \/>\n<meta property=\"og:description\" content=\"Dynacons Systems &amp; Solutions has won a contract from the Union Bank of India for creating and implementing private cloud solutions for the bank. 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