Dev Information Technology surges on securing work order worth Rs 1.02 crore
Dev Information Technology is currently trading at Rs. 113.15, up by 2.55 points or 2.31% from its previous closing of Rs. 110.60 on the BSE.
The scrip opened at Rs. 116.70 and has touched a high and low of Rs. 116.70 and Rs. 111.60 respectively. So far 3550 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 191.00 on 03-Jan-2025 and a 52 week low of Rs. 88.15 on 09-May-2025.
Last one week high and low of the scrip stood at Rs. 116.70 and Rs. 108.95 respectively. The current market cap of the company is Rs. 255.05 crore.
The promoters holding in the company stood at 66.63%, while Institutions and Non-Institutions held 0.33% and 33.04% respectively.
Dev Information Technology has secured a significant work order from its esteemed client, RajCOMP Info Services. The scope of the engagement includes providing IT/ITeS and Software Development Services to the Factories and Boilers Inspection Department, Government of Rajasthan, under the initiative titled the ‘Raj Feb’ Project. The project is aimed at enhancing the enforcement of the Factories Act, 1948, and the Boilers Act, 1923, with a focus on promoting safety, health, and welfare of workers.
The total contract value is around Rs 1.02 crore, and the project is scheduled to be completed over a period of around 14 months.
Dev Information Technology (DEV IT) has grown into a global IT services provider empowering businesses with the right blend of information technology, innovation, and digital transformation.
