Security solutions company bags new orders worth Rs 2,64,35,440 from Kolkata Metropolitan Development Authority
The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 91 per share.
Dynamic Services & Security Limited (DSSL) announced that it has secured substantial new contracts from the Kolkata Metropolitan Development Authority (KMDA). These contracts entail the provision of private security services for two key locations within the city.
The first contract involves the deployment of 14 private security personnel and one security supervisor at Rabindra Sarobar. This assignment will continue until December 31, 2026, and is valued at Rs 58,51,704. The second contract requires DSSL to provide 50 private security personnel for Unnayan Bhawan, Salt Lake, and other KMDA offices in the region. This engagement will also extend until December 31, 2026, with a total contract value of Rs 2,05,83,736.
Both contracts are significant milestones for DSSL, solidifying the company's position as a leading provider of security services in the region. These new partnerships with the KMDA further demonstrate DSSL's commitment to delivering high-quality security solutions that meet the evolving needs of its clients.
Earlier, the company entered into a strategic acquisition through a Memorandum of Understanding (MOU) with BHARAT BATTERY MFG CO PRIVATE LIMITED. The acquisition involves DSSL acquiring 100 per cent of the shareholding in Bharat Battery, a company specializing in manufacturing lead-acid batteries for various applications including railway, defence and telecommunication. The acquisition is valued at Rs 45 crore and is expected to be completed within 90 days. All necessary regulatory approvals will be sought. This strategic move aligns with DSSL's business interests and will provide them with access to Bharat Battery's expertise and product range.
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On Monday, shares of Dynamic Services & Security gained 0.72 per cent to Rs 285.80 per share from its previous closing of Rs 283.75. The stock’s 52-week high is Rs 339.95 and its 52-week low is Rs 91.
Dynamic Services and Security Ltd provides mechanized cleaning, conservancy, housekeeping, catering, security & manpower supply, etc. The company has a market cap of Rs 374 crore and reported positive numbers in its half-yearly results & annual results.
The shares of the company have an ROE of 16 per cent and an ROCE of 21 per cent. The stock gave multibagger returns of over 200 per cent from its 52-week low of Rs 91 per share.Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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