Dynacons Systems shares surge after ₹138 crore order from LIC; stock up 23% in five sessions

Shares of Dynacons Systems and Solutions Ltd. gained over 8.5% on Monday, April 21, after the company said it won a digital workplace solutions contract from LIC worth ₹138.44 crore.

The project involves providing digital workplace solutions covering the supply, installation, and maintenance of desktop computers and all-in-one desktops.

The project is to be executed over three years.

"The end-to-end installation and support services, spanning the next three years, are designed to ensure these systems run at peak efficiency over the long term, reinforcing environmentally responsible practices," the company said.

It added that its buyback programme for outdated systems will contribute to a circular economy.

Shares of Dyancons Systems and Solutions have been in the green for five consecutive trading sessions, gaining nearly 23%. The stock gained 8.49% to hit an intraday high of ₹1,198 per share on Monday, April 21. It was up 6.3% at ₹1,174.5 apiece at 10.20 am. It has gained nearly 13% in the past month, but is down 18.35% this year, so far.

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