Rs 5,00,00,000 worth order won from RajCOMP Info Services Ltd: Multibagger IT-stock to keep under the radar!

The is up by 53 per cent from its 52-week low of Rs 94.10 per share and gave multibagger returns of 430 per cent in just 3 years.

Dev Information Technology Ltd (DEVIT) was awarded a one-year contract with a possible one-year extension by RajCOMP Info Services Ltd., a domestic entity, for the operation, maintenance, and enhancement of the RAJKISAN SATHI Portal. This portal is a single window designed to streamline citizen-centric services and direct benefit transfers (DBT) for various government schemes in agriculture, horticulture, and other related fields. The project involves automating and managing processes related to subsidies, licenses, budget allocation, lotteries, farmer service centers, and soil health cards. Additionally, the contract includes the development and maintenance of 13 mobile applications for citizen convenience. The total value of the contract is estimated to be around Rs 5 crore.

Earlier, the company has been awarded a significant contract by RajCOMP Info Services Ltd for the design, development, implementation and maintenance of a holistic integrated portal and application called "Kaushal Darpan". This portal will serve over 140 polytechnic colleges and 1,500 ITIs under the Rajasthan technical education departments, offering features like admission and examination management, apprenticeship and placement facilitation, inventory tracking, institution management, and a trainee management system. The contract includes operating and maintaining the portal for 3 years, with a project value of approximately Rs 2 crore.

On Thursday, shares of Dev Information Technology Ltd surged 4.09 per cent to Rs 143.90 per share from its previous closing of Rs 138.25 per share. The stock’s 52-week high is Rs 174.10 while its 52-week low is Rs 94.10.

Dev Information Technology, founded in 1997, offers a variety of IT solutions including cloud services, digital transformation, enterprise applications, managed IT services, and application development. They also have their own AI/ML-powered business intelligence solution and a product for digitally signing documents. The company has partnered with major tech companies like Microsoft, Amazon Web Services, and Adobe.

The is up by 53 per cent from its 52-week low of Rs 94.10 per share and gave multibagger returns of 430 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.

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