Dev Information Technology Share Price | These shares will gallop after this news, investors panic – Hindi News
Dev Information Technology Share Price | Shares of Dev Information Technology Limited rose on Wednesday. The company's shares rose 17 per cent to Rs 149.45 yesterday. There is a big reason for this rise in shares. Prime Minister Shri Narendra Modi has launched the company's single window IT system. As soon as the news broke, there was strong buying in shares. (Dev Information Technology Limited Company Excerpt)
Designed to streamline business operations at the International Financial Services Center Authority of India, the system was launched in Ahmedabad on September 16. Shares of Dev Information Technology Limited rose after that. At the end of trading, the company's shares closed at Rs 145.50. The market cap of the company is Rs 326.03 crore. The 52-week high price of the shares is ₹174.10 and the 52-week low price is ₹94.10. The stock is down 10% so far this year. On Friday (September 27, 2024), the stock was trading at Rs 151, up 4.08%. Developed by Dev Information Technology under the guidance of the International Financial Services Center Authority, the SWIT platform aims to simplify bureaucratic processes and increase transparency for organizations beginning operations in these specialized financial sectors. This innovation is expected to enhance India's attractiveness as a global financial center by reducing the time and effort required by businesses to establish presence in IFSC.
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