Multibagger IT infrastructure stock with 7,000 per cent returns: Company secures order worth Rs 51.28 crore from State and District Co-operative Banks
DSIJ Intelligence-1 / 21 Aug 2025/ Categories: Mindshare, Trending
The stock gave multibagger returns of 3,370 per cent in 5 years and over 7,000 per cent in a decade.
Dynacons Systems & Solutions Limited has secured additional orders worth Rs 51.28 crore (excluding GST) from State and District Co-operative Banks, an initiative under the supervision of NABARD. This significant five-year contract involves the provision of an advanced Core Banking as a Service (CBaaS) solution and allied applications. The project's scope includes migrating NABARD's Core Banking Solution to Finacle 10.2.25 using an Application Service Provider (ASP) model, with implementation on Dynacons Cloud. This encompasses deployment of hardware, database, middleware, network components, third-party utilities, and a thorough testing phase.
Advertisement:
50% OFF on DSIJ Digital Magazine
The agreement also stipulates extensive maintenance support for NABARD and the associated state cooperative banks, complete with dedicated onsite skilled resources and adherence to stringent Service Level Agreements (SLAs). Notably, the orders include a project for the Himachal Pradesh State Cooperative Bank Ltd., covering the implementation of the Core Banking as a Service Solution across its network of 262 branches and 10 administrative offices. This initiative by NABARD aims to streamline credit delivery and foster financial inclusion within the rural financial sector.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, download the service details here.
About the Company
Dynacons Systems & Solutions Ltd is a Mumbai-based IT company with nearly three decades of experience that provides a comprehensive range of IT infrastructure services across India. The company has a highly skilled technical workforce spread across more than 250 locations and holds industry-leading certifications. Dynacons offers services that encompass the entire IT infrastructure lifecycle, from design and consulting to turnkey integration, large network and data centre setup and associated equipment and software provisioning. They specialise in cutting-edge solutions like Hyper-Converged Infrastructure (HCI), private/public cloud setup, Software-Defined Networking (SD-WAN) and Storage (SDS), VDI solutions and multi-location infrastructure management.
The company has a market cap of Rs 1,275 crore with an ROE of 37 per cent and an ROCE of 32 per cent. The stock gave multibagger returns of 3,370 per cent in 5 years and over 7,000 per cent in a decade.
Disclaimer: The article is for informational purposes only and not investment advice.