IGI Logo

Dynacons Systems & Solutions is currently trading at Rs. 1278.30, up by 85.60 points or 7.18% from its previous closing of Rs. 1192.70 on the BSE.

The scrip opened at Rs. 1198.20 and has touched a high and low of Rs. 1345.55 and Rs. 1198.20 respectively. So far 3428 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1730.00 on 26-Aug-2024 and a 52 week low of Rs. 593.50 on 30-Nov-2023.

Last one week high and low of the scrip stood at Rs. 1345.55 and Rs. 1156.95 respectively. The current market cap of the company is Rs. 1627.28 crore.

The promoters holding in the company stood at 61.01%, while Institutions and Non-Institutions held 0.19% and 38.80% respectively.

Dynacons Systems & Solutions (Dynacons) has successfully secured follow-up contract valued at Rs 108 crore from the National Bank for Agriculture and Rural Development (NABARD). This contract builds on Dynacons' successful collaboration with NABARD and encompasses the upgradation and migration of NABARD’s Core Banking Solution (CBS) from Finacle 7.0 to Finacle 10.2.25, utilizing the Application Service Provider (ASP) model. Through this engagement, Dynacons will serve 615 branches across 20 State Cooperative Banks and District Central Cooperative Banks in Haryana. 

NABARD, India’s apex development bank dedicated to advancing rural and agricultural growth, plays a critical role as a mentor and facilitator in implementing core banking solutions within the rural financial sector. This project aligns with NABARD’s commitment to adopting advanced technologies that drive efficiency, resilience, and enhanced service delivery.

Under the contract, Dynacons will deliver a comprehensive suite of services, including consultancy, implementation, customization, and ongoing support to ensure a smooth transition with minimal operational disruption. The project will include upgrading, migrating, and maintaining the Core Banking Solution, as well as bolstering infrastructure and networks using top-tier technology from vendors such as HPE, Oracle, Fortinet, Array, and Versa. Leveraging its expertise in core banking and digital infrastructure, Dynacons aims to unlock the full potential of the upgraded Finacle platform for NABARD and its associated banking institutions.

Dynacons Systems & Solutions is an IT company with global perspectives.