Dev Information Technology trades higher on inking MoU with Department of Science and Technology in Gujarat
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Dev Information Technology is currently trading at Rs. 158.80, up by 3.35 points or 2.16% from its previous closing of Rs. 155.45 on the BSE.
The scrip opened at Rs. 159.30 and has touched a high and low of Rs. 159.30 and Rs. 155.00 respectively. So far 4800 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 226.40 on 29-Apr-2022 and a 52 week low of Rs. 103.05 on 04-Mar-2022.
Last one week high and low of the scrip stood at Rs. 173.95 and Rs. 148.20 respectively. The current market cap of the company is Rs. 173.90 crore.
The promoters holding in the company stood at 69.07% and Non-Institutions held 30.93%.
Dev Information Technology (DEVIT) has signed MoU with Department of Science and Technology, Government of Gujarat. The MoU is indication of investment intentions worth Rs 100 crore in next 5 years by way of DEV IT investing in IT Infrastructure, Physical Infrastructure, Skilling-reskilling-upskilling of workforce in cloud plus data plus automation technologies, hiring of new workforce in coming years, etc such supporting various activities for DEV IT's futuristic business growth.
Dev Information Technology is mainly engaged in business of automation software development.
