Dev IT jumps 7.5% after winning ₹29-lakh contract with GIFT City for 3-year AutoCAD licensesDev IT jumps 7.5% after winning ₹29-lakh contract with GIFT City for 3-year AutoCAD licenses

Introduction

Leading IT firm secures a ₹29 lakh order from Gujarat International Finance Tec-City for AutoCAD licenses with three-year subscription in DTA area, execution over three years.

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Share price movement of Dev IT

On February 3, 2026, Dev Information Technology Ltd (DEV IT) opened at ₹31.20, up 1.16% from its previous close of ₹30.84. The stock reached a high of ₹33.19 (7.56%) and a low of ₹30.89 (-0.16%). By 12:33 PM, it traded at ₹32.07, a 3.99% increase, with a market cap of ₹180.67 crore.

DEV IT Secures Order from GIFT City

DEV Information Technology Limited (DEV IT) has secured an order from Gujarat International Finance Tec-City (GIFT), an undertaking of the Gujarat Government. The order is for AutoCAD licenses.

The order includes a three-year subscription in the DTA area of GIFT City. It covers 2D drafting, 3D modeling, and AI-based features such as Smart Blocks and Markup Import.

The order is valued at approximately ₹29 lakh. It is a fixed-cost domestic contract. DEV IT will execute the project over an estimated period of three years.

Promoters, promoter group, or group companies have no interest in GIFT City. The order does not qualify as a related party transaction. DEV IT confirmed it is executed at arm’s length.

Stock performance of Dev IT for Period of 1 week, 6 months, and 1 year

Over the past week, Dev Information Technology Ltd declined 2.28%. Over six months, the stock fell 29.9%, and over one year, it dropped 49.0%.

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Shareholding pattern of Dev IT

Particulars	Dec 2025	Sep 2025	Jun 2025
Promoter	67%	67%	66.60%
FII	0.30%	0.30%	0.30%
DII	0.00%	0.00%	0.00%
Public	33.00%	33.00%	33.00%

About Dev IT

Dev Information Technology Ltd (NSE: DEVIT), founded in 1997, provides IT-enabled services and delivers digital transformation through cloud, automation, and data technology solutions for businesses.

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Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.

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