Positive vibes have returned to Dalal Street in this year's final trading session. Points have increased for Sensex and Nifty50, along with most sectoral indices. A multibagger small-cap stock saw a massive surge in price on the stock exchange on Wednesday. Dynacon Systems and Solutions Limited's share price rose 15 per cent to reach ₹1,052. Experts believe this surge in Dynacon's shares is due to receiving a work order from the Reserve Bank.
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Dynacon Systems and Solutions has received a software project from the Reserve Bank of India. The Mumbai-based company's project is valued at ₹249 crore 15 lakh. Under this, Dynacon will provide implementation, maintenance and learning services for enterprise application platform software. All this work must be completed within five years.
The Reserve Bank of India has already made significant progress in creating an Enterprise Application Platform (EAP). This platform is essentially built through a combination of software tools that will enable the creation, operation and management of enterprise applications on a large scale. Red Hat OpenShift Platform Plus is being used as the base layer for this EAP, which is a modern container orchestration and management system.
Under this contract, Dynacon Systems and Solutions has been given the responsibility of providing a secure and robust EAP solution. Additionally, the company will also integrate software tools from various international-level original equipment manufacturers into this platform.
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Wednesday's surge has compensated for this company's share decline over the past month. However, the stock has fallen by more than 23.5 per cent over the past year. But over the past five years, this stock has delivered a return of 1,424 per cent.
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