Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; Net profit zooms by 200 per cent!

Shares of the company have gained more than 100 per cent in the last one year.

Shares of Dynacons Systems & Solutions Limited were locked in the upper circuit on Friday, gaining 5.00 per cent. The stock also made a fresh 52-week high of Rs 638.40. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 295.58 crore which grew by 85.11 per cent YoY. The operating profit of the company stood at Rs 21.21 crore, while the PAT of the company stood at Rs 14.01 crore, representing an impressive growth of 209.46 per cent YoY.

Dynacons Systems & Solutions Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 291.15 on August 18, 2022, to Rs 638.00 on August 18, 2023, an increase of about 109 per cent in one year holding period. 

Dynacons Systems & Solutions Limited (DSSL) is an IT infrastructure company providing systems integration, networking solutions, facility management services, security solutions, data center 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. Dynacons Enterprise Services include a wide spectrum of enterprise IT and office automation services.

On Friday, the stock opened at Rs 638.40, with a high and low of Rs 638.40 and Rs 638.40. The stock is currently trading at Rs 638.40, up by 5.00 per cent over its previous close of Rs 608.00.

Disclaimer: The article is for informational purposes only and not investment advice.