Dev Information Technology share price jumped 4.5% during Friday’s trading session after the company revealed it has secured a major work contract from RajCOMP Info Services Ltd., which is affiliated with the Government of Rajasthan. The global IT services firm has ongoing work contracts estimated at around ₹50 crores from various governmental organisations throughout India.
The company mentioned that the initiative, named “Portal Websites,” entails providing extensive IT/ITeS and software development services. The project’s scope encompasses the enhancement of integrated web portals and applications to boost responsiveness and mobile compatibility across Government digital interfaces.
Essential outputs include development utilising the Adobe Experience Manager platform, along with related mobile application components.
Recently, the company secured substantial orders totaling around ₹4.4 crore from Alivus Lifesciences Limited. These successes signify DEVIT’s expanding footprint in the enterprise technology sector and its proficiency in providing valuable IT solutions.
The agreement encompasses a major order of ₹3.60 crore for Microsoft Select Plus perpetual licenses. Although the licenses will be directly invoiced by the Licensing Solution Partner, DEVIT played a crucial advisory role in aligning Alivus Lifesciences’ IT infrastructure with the appropriate Microsoft licensing framework. This highlights DEVIT’s competency in managing intricate enterprise IT needs and assisting clients on their digital transformation paths.
Dev Information Technology share price today
Dev Information Technology share price today opened at ₹44.85 apiece on the NSE, the stock touched an intraday high of ₹46.95 per share, and an intraday low of ₹44.60 apiece.
According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Dev Information Technology share price is trading flat , and overall if we consider the chart structure of last five months it has been trading in a broad range of 40 – 50 and next momentum move would be seen only on a range breakout beyond the same.
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