Dev IT Stock Gained More Than 5% Today, After Company Got New Order

Ahmedabad, July 22 – The shares of Dev Information Technology Limited (NSE: DEVIT, BSE: 543462) surged 6.00% to ₹119.97 during early trading hours after the company announced securing a ₹1.29 crore order from NICSI (National Informatics Centre Services Inc.) for developing an Integrated Financial Management System (IFMS).

The stock ended the day, up by 5.58% at Rs 119.50.

Dev IT Stock Price Movement

The stock opened at ₹114.40 and reached an intraday high of ₹120.75 (12:35 PM), marking a sharp increase from its previous close of ₹113.18. The average traded price (VWAP) was ₹117.79. The total traded volume stood at 1.46 lakh shares, with a turnover of ₹1.75 crore. With today’s rally, the stock has moved almost 13.50% in the past month.

Government Win: ₹1.29 Cr Order from NICSI

DEVIT has received a fixed-cost order from NICSI, a key government entity, to develop and implement a comprehensive IFMS aimed at digitizing the state’s financial management systems. Key modules include:

• Pension & Employee Management
• Core Treasury & Budget Management
• Works Accounts & Bank Disbursement Engine
• Bill Payments (Salary, Arrear, GIA, FVC, etc.)
• Mobile App Development

The project’s execution period is 2-3 months, as per the company’s regulatory disclosure.

“This project highlights our capabilities in building scalable, mission-critical government tech systems,” DEVIT stated in its exchange filing.

Company Overview

Listed since February 15, 2022, Dev Information Technology Ltd is a digital transformation and IT services provider catering to both government and enterprise sectors. It operates in various domains, including cloud services, enterprise applications, managed IT, and mobile solutions. The company is part of the IT-enabled services industry and maintains a healthy valuation with a P/E of 17.26.

REF: https://nsearchives.nseindia.com/corporate/DEVIT_22072025111854_intimationSS.pdf

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