Dev Information Technology shines on securing order from Bhavnagar Municipal Corporation

26 Nov 2024 Evaluate

Dev Information Technology is currently trading at Rs. 175.00, up by 2.95 points or 1.71% from its previous closing of Rs. 172.05 on the BSE.

The scrip opened at Rs. 174.80 and has touched a high and low of Rs. 177.25 and Rs. 173.45 respectively. So far 3430 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 185.00 on 25-Nov-2024 and a 52 week low of Rs. 94.10 on 14-Mar-2024.

Last one week high and low of the scrip stood at Rs. 185.00 and Rs. 152.30 respectively. The current market cap of the company is Rs. 386.96 crore.

The promoters holding in the company stood at 68.73%, while Institutions and Non-Institutions held 1.45% and 29.82% respectively.

Dev Information Technology (DEVIT) has secured a new order from Bhavnagar Municipal Corporation. The order, valued at approximately Rs 84.5 lakh, involves the Annual Maintenance and Development of the Online Property Tax System for the corporation. This project is a testament to DEVIT’s commitment to providing cutting-edge technological solutions for public sector organizations.

The Online Property Tax System is a critical tool for ensuring efficient tax collection, transparency, and enhanced user experience for citizens. By taking charge of the system's annual maintenance and implementing new developmental features, DEVIT aims to strengthen Bhavnagar Municipal Corporation’s digital infrastructure, making it more robust and citizen-friendly.

With a proven track record of delivering innovative IT solutions, DEVIT is well-positioned to support Bhavnagar Municipal Corporation in optimizing its operations. The project will not only address the immediate maintenance needs of the existing system but also introduce advanced functionalities to meet evolving requirements. These enhancements will further empower the civic body to deliver better services to residents while maintaining a high standard of operational efficiency.

Dev Information Technology is mainly engaged in business of automation software development.


Dev Information Tech Share Price

161.65 0.30 (0.19%)
29-Nov-2024 11:03 View Price Chart
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