Dev IT obtained new order from Gujarat Metro Rail, share gave 25% return in 3 months – INA NEWS
DEV IT share worth: IT sector firm Dev Info Know-how has acquired a brand new order from Gujarat Metro Rail Company (GMRC). This contract is price Rs 1.23 crore, underneath which the metro rail is to be modernized in all the Gujarat. The shares of the corporate have fallen by 1.53 p.c right now on January 22 and the inventory closed at Rs 170.20 on BSE. The market cap of the corporate is Rs 383.53 crore.
Particulars associated to new orders acquired by DEV IT
This new order acquired by Dev Info Know-how is a Particular Objective Car (SPV), underneath which metro rail tasks are to be applied throughout Gujarat. The first goal of GMRC is to supply a protected, quick and environment-friendly mass transit system to the cities of Gujarat.
The undertaking, scheduled to run from January 24, 2025, to January 23, 2028, goals to reinforce GMRC’s IT infrastructure by migrating current on-premises and changing its change servers, Dev IT stated on Tuesday.
DEV IT share efficiency
Dev IT shares have 52-week excessive of Rs 191 and 52-week low of Rs 94.10. This inventory has given returns of about 25 p.c within the final 3 months. On the similar time, its buyers have gotten a revenue of 20 p.c within the final one yr. Aside from this, its buyers have gotten 50 p.c returns within the final two years.
Dev Info Know-how Enterprise
DEV IT was established within the yr 1997 and is listed on NSE and BSE. Initially the corporate centered on enterprise automation software program options and later the corporate expanded its enterprise by offering IT companies globally. Headquartered in Ahmedabad and with places of work in India and Canada, DEV IT has experience in cloud companies, digital transformation, enterprise functions, managed IT companies, and utility improvement.
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Dev IT obtained new order from Gujarat Metro Rail, share gave 25% return in 3 months
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