Multibagger IT Stock Unveils Advanced Cybersecurity Solutions to Address Global Business Needs, Stock up over 8 Per cent
This new service line falls under the category of Cybersecurity Solutions within the Infrastructure Management Services business unit.
Dev Information Technology Limited (DEV IT) has officially announced the addition of a new service line, Advanced Cybersecurity Solutions, to its existing offerings. This new service line falls under the category of Cybersecurity Solutions within the Infrastructure Management Services business unit. Targeting both domestic and international markets, the service has been launched in India, the USA, and the UAE.
The strategic introduction of Advanced Cybersecurity Solutions aims to bolster revenue and expand the customer base by enhancing offerings to existing clients and attracting new prospects. This will strengthen customer loyalty, encourage repeat business, and broaden market reach. With an investment of approximately Rs 5 crore, the company expects this initiative to diversify revenue streams, create growth opportunities, and solidify its market position. This development is part of DEV IT’s commitment to addressing global business needs and advancing its service portfolio.
Following the news, shares of Dev Information Technology Ltd surged 8.1 per cent to an intraday high of Rs 164.3 per share from its previous closing of Rs 151.96 per share. The stock’s 52-week high is Rs 185.00 while its 52-week low is Rs 94.00.
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About the Company
Founded in 1997, Dev IT has grown from a small-scale software provider to a global IT powerhouse. The company offers a wide range of services, including cloud solutions, digital transformation, and enterprise applications. Known for its commitment to innovation and quality, Dev IT empowers businesses with cutting-edge technology. Their products, such as Talligence and ByteSIGNER, provide valuable tools for data analysis and document management. By understanding their client's unique needs, Dev IT delivers tailored solutions that drive business growth and success.
The company has a market cap of Rs 361 crore. The is up by 70 per cent from its 52-week low of Rs 94.00 per share and gave multibagger returns of over 350 per cent in just 3 years. Investors should keep an eye on this IT stock.
Disclaimer: The article is for informational purposes only and not investment advice.