Introduction:
IT stock has secured a ₹1.4 crore order from the Rajya Sabha Secretariat for software and website development. This project strengthens its presence in the government sector, showcasing expertise in digital transformation and reinforcing its ability to execute large-scale technology initiatives.
Share Price movement of Dev Information Technology:
On February 21, 2025, Dev Information Technology Ltd opened at ₹124.25, reaching a high of ₹135.00, up 6% from its previous close of ₹125.46, and a low of ₹124.06. Currently, it is trading at ₹131.97, with a market cap of ₹297.38 crore.
Dev Information Technology new order:
DEV Information Technology Ltd (DEVIT) has secured a ₹1.4 crore order from the Rajya Sabha Secretariat for designing, developing, implementing, and maintaining application software and a website. This fixed-cost domestic contract will be executed over approximately one year, strengthening DEVIT’s government sector presence.
The project highlights DEVIT’s expertise in digital transformation and software solutions for government entities. With no involvement from promoters or related parties, the contract ensures transparency and reinforces DEVIT’s reputation for delivering high-quality IT services within stipulated timelines.
This order marks a significant achievement for DEVIT, enhancing its portfolio of government projects. The collaboration with the Rajya Sabha Secretariat further establishes the company’s ability to execute large-scale digital initiatives, supporting technological advancements in India’s legislative infrastructure.
Also Read: Finance stock jumps after receiving order worth ₹297 Cr from IBM India
Stock performance of Dev Information Technology for Period of 1 week, 6 months and 1 year:
Dev Information Technology’s stock showed mixed performance over different periods. It gained 1.59% in the past week, indicating short-term positivity. However, over six months, the stock declined by 7.18%, and over the past year, it dropped 12.7%, reflecting ongoing market challenges.
Also Read: Stock jumps after receiving order worth ₹128 Cr for water management and civil works in Kolkata
Shareholding pattern of Dev Information Technology:
| All values in % | Dec-24 | Sep-24 | Jun-24 |
| Promoters | 66.63 | 68.73 | 70.2 |
| FII | 1.48 | 1.45 | 0 |
| Retail & others | 31.88 | 29.82 | 29.8 |
About Dev Information Technology:
Dev Information Technology Ltd is a leading IT solutions provider, specializing in cloud computing, cybersecurity, enterprise applications, and digital transformation. Serving government and corporate clients, the company focuses on innovative, scalable solutions to enhance operational efficiency and drive digital growth across industries.
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.
