Do you own this small-cap stock that won a Rs 116 crore order from Union Bank of India?
The company has a PE multiple of only 18.9 while the industry PE multiple is 34.2 and an ROE of 28.2 per cent, all of which point to strong managerial performance
Today, the shares of Dynacons Systems & Solutions Ltd (DSSL) skyrocketed 6.64 per cent to Rs 392.90 per share. Recently, the company received an order worth Rs 116 crore from Union Bank of India. The project consists of setting up a private cloud solution including provisioning, installation, configuration, implementation and maintenance of a hyper-converged infrastructure and a software solution from Union Bank for the bank's on-premises private cloud.
According to the financial statement, the company reported positive quarterly and annual results. On the annual consolidated statement, compared to FY22, when net profit was only Rs 9 crore, it increased significantly to Rs 16 crore or 77.78 per cent, in FY23.
Dynacons Systems & Solutions Limited (DSSL), founded in 1995, is a provider of IT infrastructure services such as system integration, networking solutions, facility management services, security solutions and software. The company also has a wholly owned subsidiary company in Singapore, handling Asia Pacific operations.
The company has a PE multiple of only 18.9 while the industry PE multiple is 34.2 and an ROE of 28.2 per cent, all of which points to strong managerial performance. Investors should keep an eye on this stock for the upcoming trading session.