Shares of Dynacons Systems and Solutions Limited jumped 5.85% to Rs 1,169.50 in early trade on April 21 after the company announced a major order win from Life Insurance Corporation of India (LIC). The stock rallied sharply from the previous close of Rs 1,104.90, emerging as one of the top gainers on the NSE for the day.
The rally came after Dynacons informed stock exchanges that it has secured a contract worth Rs 138.44 crore from LIC for the supply, installation, and maintenance of desktop and all-in-one computers. The project, to be executed over a span of three years, aims to modernize LIC’s IT infrastructure and support its nationwide digital transformation efforts.
Under the contract, Dynacons will provide end-to-end IT lifecycle management, which includes hardware deployment, installation, technical support, and maintenance. The contract also includes a buyback arrangement for old systems, contributing to sustainability through electronic waste management.
This win not only strengthens Dynacons’ position in the public sector IT services space but also reflects the growing demand for managed infrastructure solutions in government and enterprise sectors.
At 10:10 AM, the stock was trading near the upper end of its day’s range of Rs 1,096.80 to Rs 1,154.90, with a market cap of Rs 14.67 billion. The company has a P/E ratio of 21.39 and a dividend yield of 0.04%.
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