1,400 per cent returns: This small-cap IT company bags Rs 79.47 crores order from Union Bank of India!

The stock has gained more than 50 per cent in the last six months.

Dynacons Systems and Solutions Limited informed in the exchange filing that the company has received an order worth Rs 79.47 crores from Union Bank of India for Hyper-Converged Infrastructure and Software Solutions for the Bank's On-Premises Private Cloud.

The work order involves supply, installation, configuration, implementation, and maintenance for all flash Hyper-Converged infrastructure nodes and software solutions for the expansion of the bank's on-premises private cloud under a rate contract from Union Bank of India. The project covers 5 years and will have a Guaranteed uptime of a minimum of 99.95 per cent for 24 x 7 x 365.  

Dynacons Systems & Solutions Limited (DSSL) is an IT infrastructure company providing systems integration, networking solutions, facility management, security, and datacenter solutions and software services. DSSL is headquartered in Mumbai and has 11 branch offices and warehouses with a presence in more than 250 locations across India.

On Friday, the stock opened at Rs 523.20 and made a high and low of Rs 535.00 and Rs 506.90. The stock closed trading at Rs 518.55, down by 0.67 per cent. The stock has delivered multibagger returns of over 170 per cent in the last three years. The stock has a 52-week high of Rs 523.20 and a 52-week low of 506.90. The company has a ROCE of 36.4 per cent and an ROE of 38.7 per cent.