Dynacons Systems shares surged 18% on Tuesday, 5 May, following the announcement of securing a significant order from the Reserve Bank of India. According to reports from LiveMint, the stock opened at ₹1,220 per share on the BSE and touched an intraday high of ₹1,313.10, while maintaining an intraday low of ₹1,220 per share. The strong market response reflects investor confidence in the company's ability to execute this substantial government contract.
The company secured a ₹750.82 crore order from the Reserve Bank of India for a private cloud infrastructure project spanning five years. As reported by LiveMint, the contract involves design, implementation, and ongoing support for a new data centre in Odisha. The project encompasses the supply, installation, implementation, integration, maintenance, and facilities management services for the RBI's private cloud infrastructure, including servers, unified native storage, SAN switches, physical racks, and related software licenses.
The RBI is currently developing a Greenfield Next Generation Data Centre (NGDC) in Bhubaneshwar, Odisha, as reported by LiveMint. The central bank aims to create a strong, scalable, and secure private cloud to accommodate current and future application and analytics workloads, including provisions for separate integration of AI cloud capabilities. The project will handle complete supply, design, installation, implementation, integration with the RBI's current data centre framework, along with ongoing technical support and maintenance services.
According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, as reported by LiveMint, the stock opened with a strong gap-up and sustained buying in today's session, gaining over 16%. Bhosale noted that the stock has delivered a range breakout on the weekly charts, indicating potential for further near-term upside, with prices possibly heading towards the ₹1,500 mark. However, he cautioned that given the sharp vertical rally, stop-loss levels would be relatively deep, advising investors to maintain proper risk management for both existing and fresh long positions.
