Dev Information Technology Secures ₹1.06 Crore RajCOMP Order; Stock Rises by 7.26%

Ahmedabad, August 28, 2025 – Dev Information Technology Limited (NSE: DEVIT, BSE: 543462) has been awarded a ₹1.06 crore work order from RajCOMP Info Services Ltd., a Government of Rajasthan undertaking. The order pertains to integrated web portals and mobile applications.

The stock jumped by more than 15% during the day and finally closed at ₹44.60 (7.26% higher than the previous day’s closing price).

Dev Information Technology Limited was incorporated in 1997 and has been listed on both primary exchanges since February 2022. The company provides a wide range of services, including ERP solutions, Managed IT Services, Cloud Computing, and Mobile App Development.

Order Details

The project, ‘Portal Websites,’ aims to modernize government digital platforms by developing integrated portals. The entire project will help improve the mobile experience, compatibility, and responsiveness. The project is a fixed-cost project and will be executed within 12 months. The company has active government work orders of approximately ₹50 crore nationwide.

Stock Price Movement

The stock rallied after the announcement and, at one point, surged by over 15% (reaching the day’s high). It closed at ₹44.60 (7.26% higher). During the day, it reached ₹47.99, whereas the lowest point was ₹41.50. The trading volume was also quite decent, with nearly 10 lakh shares traded during the day. Despite today’s surge, the stock has plummeted by almost 60% over the past three months.

REF: https://nsearchives.nseindia.com/corporate/DEVIT_28082025150230_intimation_RajcomS.pdf

Disclaimer: At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations