Dev IT Stock Surges 3.64% on Rs 5.15 Cr NICSI Order

Dev Information Technology (DEV IT) shares advanced 3.64% on the BSE today, driven by the announcement of a significant work order from National Informatics Centre Services Incorporated (NICSI).

The company secured an order valued at approximately Rs 5.15 crore for the development of IFMS 3.0 Web and Mobile Applications. This project is designated for the Directorate of Treasuries and Accounts, Government of Rajasthan, Jaipur.

Key Market & Order Details

• DEV IT shares traded at Rs. 25.90, marking an increase of 0.91 points.
• The previous closing price was Rs. 24.99 on the BSE.
• The order is slated for execution within approximately 6 months.
• The current market capitalization stands at Rs. 146.77 crore.

The project’s extensive scope covers critical finance department functionalities, including pension management, employee management, and works & accounts management. Additionally, salary management and Grant-in-Aid components are part of the development.

Trading Activity & Shareholder Structure

• The scrip opened at Rs. 24.25.
• It recorded an intraday high of Rs. 26.06 and a low of Rs. 24.25.
• A total of 2133 shares were traded on the counter today.
• DEV IT’s 52-week high is Rs. 50.80 (recorded 21-Aug-2025), with a 52-week low of Rs. 22.36 (recorded 02-Mar-2026).
• Last week, the scrip’s high was Rs. 27.20 and its low was Rs. 24.11.

The company’s shareholding structure shows promoters holding 41.58%, while institutions account for 0.33%. Non-institutional investors hold the remaining 58.09%.