2500 per cent returns: Back-to-back upper circuit in this small-cap IT stock; hits fresh 52-week high!

2500 per cent returns: Back-to-back upper circuit in this small-cap IT stock; hits fresh 52-week high!

Prajwal Patil
/ Categories: Trending, Mindshare

In Q4FY23, the company reported a 91.75 per cent increase in net profits YoY.

Shares of Dynacons Systems and Solutions Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. In the last five trading sessions, the stock has gained about 10 per cent.  

The company posted brilliant Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 226.65 crore which grew by 8.33 per cent YoY. The operating profit of the company stood at Rs 19.38 crore, while the PAT of the company stood at Rs 12.32 crore, representing an impressive growth of 91.75 per cent YoY.     

Dynacons Systems and Solutions Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 19.55 on May 12, 2020, to Rs 520.65 on June 06, 2023, an increase of about 2500 per cent in three years holding period.     

Dynacons Systems & Solutions Limited (DSSL) is headquartered in Mumbai and has 11 branch offices and warehouses with a presence in more than 250 locations across India. The company is an IT infrastructure company providing systems integration, networking solutions, facility management services, security solutions, datacenter solutions and software services. Dynacons Enterprise Services includes a wide spectrum of enterprise IT and office automation services.  

The stock has shown tremendous growth, and investors should keep a close eye on this stock.  

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