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IT stock jumps 3% after it receives order from Gujarat Metro Rail Corp. for Metro Rail modernization

IT stock secured a ₹1.23 crore contract to modernize Gujarat Metro Rail Corporation’s systems with Microsoft 365 solutions, showcasing expertise in delivering IT services for large-scale public sector modernization.
IT stock secured ₹1.23 crore contract to modernize GMRC systems with Microsoft 365.

Introduction:

IT stock secured a ₹1.23 crore contract to modernize Gujarat Metro Rail Corporation’s infrastructure, focusing on transitioning to cloud-based Microsoft 365 solutions. This partnership demonstrates expertise in delivering innovative IT solutions for large-scale public sector modernization projects.

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Share Price movement of Dev Information Technology:

On January 21, 2025, Dev Information Technology Ltd opened at ₹168.00, up 3.57% from its previous close of ₹167.80. The stock reached a high of ₹174.90 and a low of ₹168.00. By 12:00 PM, it traded at ₹173.79, with a market cap of ₹391.62 crore.

Dev Information Technology’s new order:

DEV Information Technology Limited has secured a prestigious ₹1.23 crore contract from Gujarat Metro Rail Corporation (GMRC) for modernizing its IT infrastructure. This project, running from January 2025 to January 2028, focuses on migrating GMRC’s systems to modern cloud-based solutions like Microsoft 365 Business Basic and Standard.

The project involves transitioning GMRC’s on-premises Active Directory (Windows Server 2008 R2) to Windows Server 2019/2024 and upgrading Exchange Server 2013 to Microsoft 365. Dev IT conducted technical assessments, collaborated with Microsoft, and provided migration guidance for efficient cloud-based operations.

This contract highlights Dev IT’s expertise in delivering tailored IT solutions for public sector projects. By partnering with GMRC, the company strengthens its position as a reliable technology partner, showcasing its capabilities in supporting large-scale government modernization initiatives.

Also Read: Stocks To Watch For Budget 2025

Recent news About Dev Information Technology :

On January 15, 2025, Dev Information Technology announced its collaboration with a leading European firm to provide advanced cloud solutions, enhancing its global footprint and showcasing its commitment to delivering innovative IT services across international markets.

Stock performance of Dev Information Technology for Period of 1 week, 6 months and 1 year:

Dev Information Technology has delivered steady performance across periods. Over the past week, the stock gained 0.88%. In six months, it has appreciated by 17.3%, and over the last year, it achieved a notable return of 17.5%, reflecting consistent growth.

Also Read: Best Sectors To Watch For Budget 2025

Shareholding pattern of Dev Information Technology:

All values in %Dec-24Sep-24Jun-24
Promoters66.6368.7370.2
FII1.481.450
Retail & others31.8829.8229.8
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About Dev Information Technology:

Dev Information Technology, established in 1997, specializes in cloud services, digital transformation, enterprise applications, and managed IT services. With a global footprint, it delivers innovative solutions to public and private sectors, emphasizing technological advancements and client-centric approaches for impactful results.

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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