India's Dynacons Systems and Solutions hits record high after Q1 profit rise

Dynacons Systems And Solutions

13/08/2024 05:25

** Shares of Dynacons Systems and Solutions Ltd  DSSL.NS 
rise as much as 17.6% to a record high of 1,486 rupees
    ** IT co reported a 25.7% rise in its Q1 profit to 176.1 mln
rupees ($2.10 million) 
    ** System integration segment grew 8.2% y/y, rev grew 8.6%
y/y
    ** Stock on track to gain after 2 weeks of losses
    ** More than 176,000 shares traded as of 9:51 a.m. IST, 3.6x
their 30-day moving avg
    ** DSSL last up 17%, adding to YTD gains of 138.7% so far


($1 = 83.9550 Indian rupees)

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))