Penny Stock Under Rs 30: Micro-Cap IT Company Share Price Gains 4.81%; Company Bags Rs 26 Crore Government Order from NICSI
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The stock price has surged over 143.90 per cent in the last 5 years. The stock has delivered around 29.35 per cent returns from its 52-week low of Rs 22.25 per share.
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On Thursday, shares of Dev Information Technology Ltd jumped 4.81 per cent to Rs 28.78 per share from its previous closing of Rs 27.46 per share. The stock’s 52-week high is Rs 50.89 per share and its 52-week low is Rs 22.25 per share. The stock also surged about 8.09 per cent from its previous close to hit an Intraday high of Rs 29.68 per share. As of 14:14 IST, the stock was trading at Rs 28.78.
Dev Information Technology Ltd (DEVIT) has announced that it has secured a significant work order from National Informatics Centre Services Incorporated (NICSI), acting on behalf of the National Pharmacists Registration Tracking System of the Pharmacy Council of India (PCI), a statutory body under the Government of India.
The order involves a comprehensive scope of work, including design, development, integration, and maintenance of software, applications, and platforms. It also includes cybersecurity services for the existing IT infrastructure of the Pharmacy Council of India. Additionally, the project will cover the development and maintenance of web-based software infrastructure for the National Pharmacists Registration Tracking System.
The total value of the contract is approximately Rs 26 crore. The project is domestic in nature and has been awarded by a government-backed entity. It is structured as a fixed-cost contract and is expected to be executed over a period of approximately three years.
As per the disclosure, there is no involvement of the promoter, promoter group, or group companies in the awarding entity. Furthermore, the contract does not fall under related party transactions.
The company has a market cap of over Rs 162.13 crore. The stock price has surged over 143.90 per cent in the last 5 years. The stock has delivered around 29.35 per cent returns from its 52-week low of Rs 22.25 per share.
Disclaimer: The article is for informational purposes only and not investment advice.
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