This IT Stock Jumps Over 12 pc Following PM Modi’s Launch Of IFSC System
SWIT, developed by Dev Information Technology under the guidance of the International Financial Services Centres Authority (IFSCA), is a state-of-the-art online platform designed to streamline operations for businesses in India’s International Financial Services Centres (IFSCs).
Dev Information Technology shares surged over 12% on Wednesday, following the launch of its Single Window IT System (SWIT) by Prime Minister Narendra Modi. At the time of filing, the company’s shares were trading on NSE at Rs 145.35, up 13.55% from the previous day’s close.The 52 week high and low of the share is Rs 174.75 and Rs 94 respectively. According to the BSE analytics, the shares have given returns of 44.45 per cent in the last 6 months and just 2.66 per cent in the last 1 year.
SWIT, developed by Dev Information Technology under the guidance of the International Financial Services Centres Authority (IFSCA), is a state-of-the-art online platform designed to streamline operations for businesses in India’s International Financial Services Centres (IFSCs). The system was officially launched in Ahmedabad by Prime Minister Modi. The successful launch of SWIT positions the company for further high-impact projects across multiple sectors, including healthcare, e-governance, and retail, where streamlined systems can drive operational efficiency.
Commenting on the recent development, Mr. Pranav Pandya Founder & Chairman of Dev Information Technology Limited, said, “We are also deeply honoured that the platform was launched by Honourable Prime Minister, Shri Narendra Modi, which underscores the national importance of this initiative. We are proud to have contributed to this digital transformation and are excited about the potential it holds for businesses.”