This small-cap stock will be in focus tomorrow as the company receives a project worth Rs 106 crore!
The company has a PE of only 13.71x while the industry PE is 33.5x and an ROE of 32.95 per cent, all of which points to strong managerial performance.
On Wednesday, the shares of Dynacons Systems & Solutions Ltd (DSSL) zoomed 0.50 per cent to Rs 298.60 per share with an intraday high of Rs 304 and an intraday low of Rs 283.30.
Recently, the company has won one of the prestigious contracts worth Rs 106 crore for supply, installation, commissioning and O&M of PKI Solutions, IT infrastructure components and connectivity services for the e-passport project. Security concerns, developing technologies and emerging standards have led governments worldwide to pursue the issuance of sophisticated machine-readable travel documents (MRTD) to their citizens. Commonly known as “ePassports,” these documents contain a chip that stores information that can be verified against the data on the passport.
According to the financial statement, the company reported excellent numbers in Quarterly Results and annual results. The company has a PE of only 13.71x while the industry PE is 33.5x and an ROE of 32.95 per cent, all of which points to strong managerial performance.
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 shares of the company saw a spurt in volume by more than 1.16 times on BSE.
The stock is up by 40.82 per cent in 1 year and multibagger returns of over 312 per cent in just 2 years. Investors should keep an eye on this Small-Cap IT stock.