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DYNACONS SYSTEMS Gains 10%; BSE IT Index Down 0.5%
Mon, 2 Dec 9:31

DYNACONS SYSTEMS Gains 10%; BSE IT Index Down 0.5%Image source: alexsl/www.istockphoto.com

DYNACONS SYSTEMS share price has zoomed 10% and is presently trading at Rs 1,456.6.

Meanwhile, the BSE IT index is at 42,588.6 (down 0.5%).

Among the top gainers in the BSE IT index today are Sonata Software (up 2.8%) and INTELLECT DESIGN (up 1.3%).

ROUTE MOBILE (down 1.7%) and INDIAMART INTERMESH (down 1.0%) are among the top losers today.

Over the last one year, DYNACONS SYSTEMS has moved up from Rs 645.9 to Rs 1,456.6, registering a gain of Rs 810.7 (up 125.5%).

On the other hand, the BSE IT index has moved up from 32,787.7 to 42,588.6, registering a gain of 29.9% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 193.3%), Firstsource Solutions (up 115.4%) and PERSISTENT SYSTEMS (up 85.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,370.5 (down 0.5%).

The top losers among the BSE Sensex today are Bajaj Finance (down 1.1%) and Reliance Ind. (down 1.1%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,034.6 (down 0.4%). ONGC and HDFC LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,174.2 to 79,370.5, registering a gain of 13,196.3 points (up 19.9%).

DYNACONS SYSTEMS Financial Update...

DYNACONS SYSTEMS net profit grew 45.0% YoY to Rs 182 million for the quarter ended September 2024, compared to a profit of Rs 126 million a year ago. Net sales rose 39.3% to Rs 3,063 million during the period as against Rs 2,199 million in July-September 2023.

For the year ended March 2024, DYNACONS SYSTEMS reported 60.9% increase in net profit to Rs 538 million compared to net profit of Rs 335 million during FY23. Revenue of the company grew 27.3% to Rs 10,245 million during FY24.

The current Price to earnings ratio of DYNACONS SYSTEMS, based on rolling 12 month earnings, stands at 29.4.


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