DEV IT share price: IT sector company Dev Information Technology has received a new order from Gujarat Metro Rail Corporation (GMRC). This contract is worth Rs 1.23 crore, under which the metro rail is to be modernized in the entire Gujarat. The shares of the company have fallen by 1.53 percent today on January 22 and the stock closed at Rs 170.20 on BSE. The market cap of the company is Rs 383.53 crore.
Details related to new orders received by DEV IT
This new order received by Dev Information Technology is a Special Purpose Vehicle (SPV), under which metro rail projects are to be implemented across Gujarat. The primary objective of GMRC is to provide a safe, fast and environment-friendly mass transit system to the cities of Gujarat.
The project, scheduled to run from January 24, 2025, to January 23, 2028, aims to enhance GMRC’s IT infrastructure by migrating existing on-premises and replacing its exchange servers, Dev IT said on Tuesday.
DEV IT share performance
Dev IT shares have 52-week high of Rs 191 and 52-week low of Rs 94.10. This stock has given returns of about 25 percent in the last 3 months. At the same time, its investors have got a profit of 20 percent in the last one year. Apart from this, its investors have got 50 percent returns in the last two years.
Dev Information Technology Business
DEV IT was established in the year 1997 and is listed on NSE and BSE. Initially the company focused on business automation software solutions and later the company expanded its business by providing IT services globally. Headquartered in Ahmedabad and with offices in India and Canada, DEV IT has expertise in cloud services, digital transformation, enterprise applications, managed IT services, and application development.
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