Introduction:
Leading security services provider has entered into a Memorandum of Understanding (MOU) with a private security solutions firm for a work contract worth Rs. 476 crore. The agreement outlines terms for receivables management, payment collection, and related processes.
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Share price movement of Dynamic Services & Security:
On January 7, 2025, Dynamic Services & Security Limited opened at ₹374.00, up 5.00% from its previous close of ₹356.20. The stock reached a high of ₹374.00 (5.00%) and a low of ₹360.20. By 4:00 PM, it traded at ₹372.35, a 4.53% increase, with a market cap of ₹511.84 crore.
DSSL Signs MOU with Orion Security:
Dynamic Services & Security Limited (DSSL) has entered into a Memorandum of Understanding (MOU) with Orion Security Solutions Private Limited for a work contract valued at Rs. 476 crore. The MOU defines the terms of collaboration between the parties.
Under the MOU, DSSL will assist Orion Security Solutions in collecting receivables from clients. The scope includes invoicing, payment collection, distribution, and reimbursement of expenses, with a contract duration from January 4, 2025, to March 31, 2027.
This domestic contract follows general terms and does not involve any related party transactions. The contract’s value is estimated at Rs. 476 crore, and no promoter interests are involved in the award process.
Recent news on Dynamic Services & Security:
As of December 27, 2024, Dynamic Services & Security Ltd. secured a major contract from South Central Railway, valued at ₹8.2 crore, for the installation of rooftop solar plants and related infrastructure across various structures in Guntakal Division, Andhra Pradesh.
Stock performance of Dynamic Services & Security for Period of 1 week, 6 months and 1 year:
Dynamic Services & Security Ltd experienced a slight decline of 2.41% over the past week but delivered a solid 11.2% return over six months and an impressive 190% return over the last year, showcasing exceptional long-term growth.
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Shareholding pattern of Dynamic Services & Security:
| All values in % | Sep 2024 | May 2024 | Apr 2024 |
| Promoter | 62.30% | 63.90% | 64.70% |
| FII | 0.10% | 0.00% | 0.00% |
| DII | 0.00% | 0% | 0.00% |
| Public | 37.60% | 36.10% | 35% |
About Dynamic Services & Security:
Dynamic Services & Security Limited (NSE: DYNAMIC), incorporated in 2016, provides mechanized cleaning, security, catering, and manpower supply services. The company caters to Indian Railways, government organizations, and corporates, specializing in supply chain and people management services across India.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.
