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Dynacons Systems & Solutions is currently trading at Rs. 1535.15, up by 8.25 points or 0.54% from its previous closing of Rs. 1526.90 on the BSE.

The scrip opened at Rs. 1527.25 and has touched a high and low of Rs. 1589.95 and Rs. 1495.00 respectively. So far 16343 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. 1730.00 and Rs. 1495.00 respectively. The current market cap of the company is Rs. 1954.20 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 been awarded a significant contract worth Rs 142.55 crore by Bank of Maharashtra. The Contract entails the design, deployment and management of a cutting-edge Hyper-Converged Infrastructure (HCI) system for the Private Cloud of the Bank. This strategic partnership underscores the bank’s commitment to digital transformation, secure banking operations, and robust data management. These will be deployed at the Data Centre, Disaster Recovery Centre and the Near DR of the Bank.

Bank of Maharashtra, one of India’s premier public sector banks with a rich legacy spanning 88 years, is on a mission to modernize its IT infrastructure to meet the evolving needs of its extensive customer base. With 2,350 branches/offices across India, including 1,200+ in Maharashtra-the largest network among public sector banks in the state-Bank of Maharashtra is recognized as a leader in technological innovation, product development, and digital transformation. The new private cloud, supported by an advanced HCI system and a comprehensive data center solution, will empower the bank to enhance operational efficiency, bolster data security, and deliver an elevated digital banking experience.

The project involves the augmentation and setup of a state-of-the-art HCI solution, incorporating Private Cloud servers for business-critical applications, storage, and essential hardware, including TOR Switches, Management Switches, SAN Switches, VMware Cloud, and more. The overall contract spans a period of five years, during which Dynacons will ensure the seamless execution and ongoing maintenance of this critical infrastructure.

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