Dev Information Technology surges on securing order from Gujarat Informatics
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Dev Information Technology is currently trading at Rs. 98.89, up by 1.58 points or 1.62% from its previous closing of Rs. 97.31 on the BSE.
The scrip opened at Rs. 103.50 and has touched a high and low of Rs. 103.50 and Rs. 96.00 respectively. So far 1524 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 143.90 on 28-Nov-2022 and a 52 week low of Rs. 71.73 on 13-May-2022.
Last one week high and low of the scrip stood at Rs. 102.00 and Rs. 95.00 respectively. The current market cap of the company is Rs. 213.42 crore.
The promoters holding in the company stood at 67.65%, while Institutions and Non-Institutions held 1.81% and 30.54% respectively.
Dev Information Technology (DEVIT) has secured an order from Gujarat Informatics, an Undertaking of Department of Science and Technology Gujarat for Relational Database Management System Software (RDBMS) platform used in the digital portal for providing the services: E-Dhara App, IKhedut App, Online Citizen Centric Services, Jan Seva & Digital Sevasetu App, Direct Benefit Transfer (DBT) Portal for Agriculture Services, Online Student Scholarship Services and Pension Services App. Broad consideration or size of the order(s)/contract(s) is approximately Rs 34 crore. The said order is expected to be completed in 2 months.
Dev Information Technology is mainly engaged in business of automation software development.
