Information Technology

Shares of small-cap IT stock Dev Information Technology zoomed nearly 17% in intraday deals on Monday, October 20, snapping their six-day winning run following a fundraising plan.

Dev Information Technology share price rose 4.5% after winning a significant contract from RajCOMP Info Services Ltd. The project focuses on enhancing government web portals and applications, with an estimated value of ₹50 crores from various governmental organisations across India.

Dev Information Technology shares surged 6.7% to ₹120.95 on July 22 after securing a ₹1.29 crore order from NICSI for an Integrated Financial Management System. The stock remains 36% below its 52-week high despite recent gains of 5% in July.

Multibagger IT stock: In a formal disclosure to the National Stock Exchange and BSE, DEV IT confirmed securing an Annual Maintenance and New Development Contract from the Bhavnagar Municipal Corporation.

SME stock: Dev IT shares have been rising after the small-cap IT company has declared bagging an order from an agriculture portal

SME IT stock was launched in the primary market at ₹42 per equity share

Dev IT share price today opened upside at ₹125.50 and touched an intraday high of ₹135.01 apiece

Multibagger IPO: The SME IPO was launched on 31st March 2017 at a fixed price of ₹42 apiece

Multibagger stock: Dev IT shares have been in uptrend after ushering in FY23

Small-cap stock Dev IT has been paying dividends for the last four years, with a final dividend of 5 per cent being recommended to eligible shareholders last month