Dev Information Technology Limited has informed the Exchange about Bagging/Receiving of orders/contracts
DEVIT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.3 pts more than Nifty Microcap 250 and 1.8 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Dev Information Technology Limited has secured an order worth approximately ₹1.90 crore from the Directorate of Food and Civil Supplies, an undertaking of the Food Civil Supplies and Consumer Affairs Department, Government of Gujarat. The order involves providing a Relational Database Management System (RDBMS) platform to support several government digital portals and apps, including e-Rasan, My Ration Mobile App & Portal, Direct Benefit Transfer (DBT) Portal, and Jan Seva & Digital Sevasetu App. The contract is fixed-cost in nature, purely domestic, and is to be executed in approximately 2 months. There are no related party interests involved, as the order has been awarded by a government entity at arm's length.
This is a modest but positive order win from a government client, adding to DEVIT's order book and reinforcing its presence in government digital transformation projects. The size (~₹1.9 crore) is small relative to typical IT contract wins, so the immediate impact on stock price is likely limited, but it strengthens the company's credibility in state-level e-governance work.