24 Jul 2024

Dev Information Technology Rises on Winning RajCOMP Info Services Contract

Dev Information Technology's stock is trading at Rs. 141.65, marking an increase of 4.25 points or 3.09% from its previous close of Rs. 137.40 on the BSE.

The stock opened at Rs. 139.90 and reached a high of Rs. 143.25, with a low of Rs. 139.90. A total of 519 shares have been traded so far.

This BSE group 'B' stock, with a face value of Rs. 5, hit a 52-week high of Rs. 174.10 on December 20, 2023, and a 52-week low of Rs. 94.10 on March 14, 2024.

In the past week, the stock's high and low were Rs. 152.00 and Rs. 130.70 respectively. The company’s current market cap stands at Rs. 309.03 crore.

The promoters hold 70.20% of the company, while non-institutional investors hold 29.80%.

Dev Information Technology (DEVIT) has landed a significant order from RajCOMP Info Services to handle the operation, maintenance, and enhancement of the RAJKISAN SATHI Portal. The order is valued at approximately Rs. 5 crore and is expected to be completed within 1-2 years.

Dev Information Technology primarily focuses on the business of automation software development.