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- DEVIT
DEVIT
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Recent events
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News
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Corporate Actions
Dev Information Technology Bags Government Contract To Implement IFMS 3.0 In Rajasthan
March 20 (Reuters) - DEV Information Technology Ltd DEVN.NS:
BAGS GOVERNMENT CONTRACT TO IMPLEMENT IFMS 3.0 IN RAJASTHAN
ORDER VALUED AT 14 MILLION RUPEES TO BE EXECUTED WITHIN THREE MONTHS
Source text: ID:nBSEcgFXpV
Further company coverage: DEVN.NS
(([email protected];;))
March 20 (Reuters) - DEV Information Technology Ltd DEVN.NS:
BAGS GOVERNMENT CONTRACT TO IMPLEMENT IFMS 3.0 IN RAJASTHAN
ORDER VALUED AT 14 MILLION RUPEES TO BE EXECUTED WITHIN THREE MONTHS
Source text: ID:nBSEcgFXpV
Further company coverage: DEVN.NS
(([email protected];;))
Dev Information Technology Secures Order From Nicsi Worth About 14 Million Rupees
March 19 (Reuters) - DEV Information Technology Ltd DEVN.NS:
SECURES ORDER FROM NICSI WORTH ABOUT 14 MILLION RUPEES
Source text: ID:nBSE48WrYf
Further company coverage: DEVN.NS
(([email protected];))
March 19 (Reuters) - DEV Information Technology Ltd DEVN.NS:
SECURES ORDER FROM NICSI WORTH ABOUT 14 MILLION RUPEES
Source text: ID:nBSE48WrYf
Further company coverage: DEVN.NS
(([email protected];))
Dev Information Technology Gets Order Worth Approximately 24 Million Rupees
Feb 24 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - GETS ORDER WORTH APPROXIMATELY 24 MILLION RUPEES
Source text: ID:nBSE4M9ZB1
Further company coverage: DEVN.NS
(([email protected];;))
Feb 24 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - GETS ORDER WORTH APPROXIMATELY 24 MILLION RUPEES
Source text: ID:nBSE4M9ZB1
Further company coverage: DEVN.NS
(([email protected];;))
Dev Information Technology Secures Order Worth 14 Million Rupees
Feb 21 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY - SECURES ORDER WORTH 14 MILLION RUPEES
Source text: ID:nBSE33RGbC
Further company coverage: DEVN.NS
(([email protected];))
Feb 21 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY - SECURES ORDER WORTH 14 MILLION RUPEES
Source text: ID:nBSE33RGbC
Further company coverage: DEVN.NS
(([email protected];))
Dev Information Technology Secures Contract From GEDA For Digitization Project
Feb 17 (Reuters) - DEV Information Technology Ltd DEVN.NS:
SECURES CONTRACT FROM GEDA FOR DIGITIZATION PROJECT
PROJECT VALUED AT 19.2 MILLION RUPEES
Source text: ID:nBSE1KFbw
Further company coverage: DEVN.NS
(([email protected];;))
Feb 17 (Reuters) - DEV Information Technology Ltd DEVN.NS:
SECURES CONTRACT FROM GEDA FOR DIGITIZATION PROJECT
PROJECT VALUED AT 19.2 MILLION RUPEES
Source text: ID:nBSE1KFbw
Further company coverage: DEVN.NS
(([email protected];;))
Dev Information Technology Wins Two Cybersecurity Contracts From USA Enterprise
Feb 3 (Reuters) - DEV Information Technology Ltd DEVN.NS:
WINS TWO CYBERSECURITY CONTRACTS FROM USA ENTERPRISE
CONTRACTS TO CONTRIBUTE ANNUAL REVENUE OF USD 250,000
Source text: ID:nBSE6LFcKC
Further company coverage: DEVN.NS
(([email protected];;))
Feb 3 (Reuters) - DEV Information Technology Ltd DEVN.NS:
WINS TWO CYBERSECURITY CONTRACTS FROM USA ENTERPRISE
CONTRACTS TO CONTRIBUTE ANNUAL REVENUE OF USD 250,000
Source text: ID:nBSE6LFcKC
Further company coverage: DEVN.NS
(([email protected];;))
Dev Information Technology Wins Contract Worth 12.3 Million Rupees
Jan 21 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - WINS CONTRACT WORTH 12.3 MILLION RUPEES
Source text: ID:nBSE9VjzVP
Further company coverage: DEVN.NS
(([email protected];;))
Jan 21 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - WINS CONTRACT WORTH 12.3 MILLION RUPEES
Source text: ID:nBSE9VjzVP
Further company coverage: DEVN.NS
(([email protected];;))
India's Dev Information jumps on contracts from US clients
** Dev Information Technology DEVN.NS jumps 4.4% to 165.64 rupees; set for biggest intraday pct gain in nearly a month
** Co secures contracts from U.S. clients for services, including data visualization, digital transformation
** No financial details of the contracts were revealed
** Stock eyes busiest session in a month, with over 823,000 shares traded
** DEVN swings to YTD gains, up ~1.6%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Dev Information Technology DEVN.NS jumps 4.4% to 165.64 rupees; set for biggest intraday pct gain in nearly a month
** Co secures contracts from U.S. clients for services, including data visualization, digital transformation
** No financial details of the contracts were revealed
** Stock eyes busiest session in a month, with over 823,000 shares traded
** DEVN swings to YTD gains, up ~1.6%
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
India's Dev Information Technology rises on new cybersecurity services
** Shares of Dev Information Technology DEVN.NS rise as much as 8.1% to 164.3 rupees
** Co unveils its advanced set of cybersecurity services
** Stock has been above its 100-day and 200-day SMAs since early Nov, indicating bullish sentiment
** DEVN last up 4.5%, trimming YTD losses to ~3%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
** Shares of Dev Information Technology DEVN.NS rise as much as 8.1% to 164.3 rupees
** Co unveils its advanced set of cybersecurity services
** Stock has been above its 100-day and 200-day SMAs since early Nov, indicating bullish sentiment
** DEVN last up 4.5%, trimming YTD losses to ~3%
(Reporting by Anuran Sadhu in Bengaluru)
(([email protected]; +91 8697274436;))
India's Dev IT jumps after board nod to stock split plan
** Shares of Dev Information Technology DEVN.NS jump 10.5% to 178 rupees
** Co's board approves plan to split stock of face value worth 5 rupees to that of face value worth 2 rupees
** Nearly 2 mln shares traded, compared to 30-day avg of 347,000 shares
** Stock extends YTD gains to 9.4%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of Dev Information Technology DEVN.NS jump 10.5% to 178 rupees
** Co's board approves plan to split stock of face value worth 5 rupees to that of face value worth 2 rupees
** Nearly 2 mln shares traded, compared to 30-day avg of 347,000 shares
** Stock extends YTD gains to 9.4%
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Dev Information Technology Gets Order
Nov 22 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GETS ORDER WORTH 8.5 MILLION RUPEES
Source text: ID:nNSE16BnqM
Further company coverage: DEVN.NS
(([email protected];;))
Nov 22 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GETS ORDER WORTH 8.5 MILLION RUPEES
Source text: ID:nNSE16BnqM
Further company coverage: DEVN.NS
(([email protected];;))
Dev Information Technology To Consider Sub-Division Of Shares
Nov 21 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY - TO CONSIDER SUB-DIVISION/SPLIT OF SHARES
Source text: ID:nBSE2yckpH
Further company coverage: DEVN.NS
(([email protected];))
Nov 21 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY - TO CONSIDER SUB-DIVISION/SPLIT OF SHARES
Source text: ID:nBSE2yckpH
Further company coverage: DEVN.NS
(([email protected];))
DEV Information Technology Gets Several Orders Across Various Sectors
Oct 15 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GOT SEVERAL ORDERS ACROSS VARIOUS SECTORS
Source text for Eikon: ID:nNSE5s2pBX
Further company coverage: DEVN.NS
(([email protected];;))
Oct 15 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GOT SEVERAL ORDERS ACROSS VARIOUS SECTORS
Source text for Eikon: ID:nNSE5s2pBX
Further company coverage: DEVN.NS
(([email protected];;))
India's Dev Information Technology rises on acquisition, order win
** Shares of Dev Information Technology DEVN.NS rise 4.5% to 158 rupees before trimming gains; last up 2%
** IT services provider acquires 100% stake in Dhyey Consulting Services
** Co also got order from Gujarat's ports department for providing IT and software services for 1.2 mln rupees ($14,281.63)
** DEVN sees busiest day in a week, with over 250,000 shares traded
** With session's jump, stock trims YTD losses to 7%
($1 = 84.0240 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
** Shares of Dev Information Technology DEVN.NS rise 4.5% to 158 rupees before trimming gains; last up 2%
** IT services provider acquires 100% stake in Dhyey Consulting Services
** Co also got order from Gujarat's ports department for providing IT and software services for 1.2 mln rupees ($14,281.63)
** DEVN sees busiest day in a week, with over 250,000 shares traded
** With session's jump, stock trims YTD losses to 7%
($1 = 84.0240 Indian rupees)
(Reporting by Aleef Jahan in Bengaluru)
India's Dev Information Technology jumps on product launch
** Shares of Dev Information Technology DEVN.NS jump 14%, set for their best day in over two months
** IT firm launched Single Window IT System (SWIT), an online platform for entities setting up ops in India’s International Financial Services Centres (IFSC)
** DEVN says SWIT to be significant growth driver for co
** Stock sees busiest day in seven years, vols at 35x the 30-day avg
** Still, DEVN down 10% YTD; could post its first yearly losses since 2019
(Reporitng by Nishit Navin)
(([email protected];))
** Shares of Dev Information Technology DEVN.NS jump 14%, set for their best day in over two months
** IT firm launched Single Window IT System (SWIT), an online platform for entities setting up ops in India’s International Financial Services Centres (IFSC)
** DEVN says SWIT to be significant growth driver for co
** Stock sees busiest day in seven years, vols at 35x the 30-day avg
** Still, DEVN down 10% YTD; could post its first yearly losses since 2019
(Reporitng by Nishit Navin)
(([email protected];))
Dev Information Technology To Sell Co's 4.31% Stake In Dev Accelerator
Sept 24 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY - TO SELL CO'S 4.31% STAKE IN DEV ACCELERATOR
DEV INFORMATION TECHNOLOGY - DEAL FOR 116.4 MILLION RUPEES
Source text for Eikon: ID:nBSE9tXdxq
Further company coverage: DEVN.NS
(([email protected];))
Sept 24 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY - TO SELL CO'S 4.31% STAKE IN DEV ACCELERATOR
DEV INFORMATION TECHNOLOGY - DEAL FOR 116.4 MILLION RUPEES
Source text for Eikon: ID:nBSE9tXdxq
Further company coverage: DEVN.NS
(([email protected];))
Dev Information Technology Gets Order Worth 10 Mln Rupees
Sept 19 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GETS ORDER WORTH 10 MILLION RUPEES
Source text for Eikon: ID:nBSEb6c8Bg
Further company coverage: DEVN.NS
(([email protected];;))
Sept 19 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GETS ORDER WORTH 10 MILLION RUPEES
Source text for Eikon: ID:nBSEb6c8Bg
Further company coverage: DEVN.NS
(([email protected];;))
DEV Information Technology Secures Order Worth 9.7 Mln Rupees
Aug 20 (Reuters) - DEV Information Technology Ltd DEVN.NS:
SECURES ORDER WORTH 9.7 MILLION RUPEES FOR MANAGED IT SERVICES
Source text for Eikon: ID:nNSE5JsCSY
Further company coverage: DEVN.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Aug 20 (Reuters) - DEV Information Technology Ltd DEVN.NS:
SECURES ORDER WORTH 9.7 MILLION RUPEES FOR MANAGED IT SERVICES
Source text for Eikon: ID:nNSE5JsCSY
Further company coverage: DEVN.NS
(Reporting by VijayDattaram Malkar)
(([email protected];))
Dev Information Technology Gets Order Worth 50 Mln Rupees
July 23 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GETS ORDER WORTH 50 MILLION RUPEES
Source text for Eikon: ID:nBSEc3Bys5
Further company coverage: DEVN.NS
(([email protected];;))
July 23 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GETS ORDER WORTH 50 MILLION RUPEES
Source text for Eikon: ID:nBSEc3Bys5
Further company coverage: DEVN.NS
(([email protected];;))
Dev Information Technology Gets Order
July 16 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GETS ORDER WORTH 20 MILLION RUPEES
Source text for Eikon: ID:nBSE742HP0
Further company coverage: DEVN.NS
(([email protected];;))
July 16 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GETS ORDER WORTH 20 MILLION RUPEES
Source text for Eikon: ID:nBSE742HP0
Further company coverage: DEVN.NS
(([email protected];;))
India's Dev Information Technology rises on order win
** Shares of Dev Information Technology Ltd DEVN.NS rise as much as 5.8% to 123.47 rupees
** IT services provider gets orders worth 80 mln rupees ($958,118) for some software solution applications for Gujarat govt. departments
** Stock on track to gain after 2 weeks of fall
** More than 70,000 shares traded as of 12:16 p.m. IST, vs 30-day moving avg of 41,563 shares
** DEVN last up 5%, fell ~25% YTD
($1 = 83.5475 Indian rupees)
($1 = 83.4970 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of Dev Information Technology Ltd DEVN.NS rise as much as 5.8% to 123.47 rupees
** IT services provider gets orders worth 80 mln rupees ($958,118) for some software solution applications for Gujarat govt. departments
** Stock on track to gain after 2 weeks of fall
** More than 70,000 shares traded as of 12:16 p.m. IST, vs 30-day moving avg of 41,563 shares
** DEVN last up 5%, fell ~25% YTD
($1 = 83.5475 Indian rupees)
($1 = 83.4970 Indian rupees)
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Dev Information Technology Gets Order Worth 80 Mln Rupees
July 2 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - GETS ORDER WORTH 80 MILLION RUPEES
Source text for Eikon: ID:nBSE5v7WbV
Further company coverage: DEVN.NS
(([email protected];))
July 2 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - GETS ORDER WORTH 80 MILLION RUPEES
Source text for Eikon: ID:nBSE5v7WbV
Further company coverage: DEVN.NS
(([email protected];))
Dev Information Technology Gets Order Worth 44.1 Million Rupees
March 27 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - GETS ORDER WORTH 44.1 MILLION RUPEES
Source text for Eikon: ID:nNSE8rw76Y
Further company coverage: DEVN.NS
(([email protected];;))
March 27 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - GETS ORDER WORTH 44.1 MILLION RUPEES
Source text for Eikon: ID:nNSE8rw76Y
Further company coverage: DEVN.NS
(([email protected];;))
Dev Information Technology To Acquire 100% Stake Of Dhyey Consulting Services
Dec 15 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - TO ACQUIRE 100% STAKE OF DHYEY CONSULTING SERVICES
DEV INFORMATION TECHNOLOGY LTD - APPROVED ISSUANCE OF SHARES BY WAY OF PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS
Source text for Eikon: ID:nBSE2v3CP9
Further company coverage: DEVN.NS
(([email protected];;))
Dec 15 (Reuters) - DEV Information Technology Ltd DEVN.NS:
DEV INFORMATION TECHNOLOGY LTD - TO ACQUIRE 100% STAKE OF DHYEY CONSULTING SERVICES
DEV INFORMATION TECHNOLOGY LTD - APPROVED ISSUANCE OF SHARES BY WAY OF PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS
Source text for Eikon: ID:nBSE2v3CP9
Further company coverage: DEVN.NS
(([email protected];;))
Dev Information Technology Approved Issuance And Allotment Of Equity Shares By Way Of Preferential Issue On Private Placement Basis
Aug 2 (Reuters) - DEV Information Technology Ltd DEVN.NS:
APPROVED ISSUANCE AND ALLOTMENT OF EQUITY SHARES BY WAY OF PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS
APPROVED ISSUANCE AND ALLOTMENT OF 5.7 MILLION SHARES AT ISSUE PRICE OF 134.50 RUPEES PER SHARE
Source text for Eikon: ID:nBSE516t6N
Further company coverage: DEVN.NS
(([email protected];;))
Aug 2 (Reuters) - DEV Information Technology Ltd DEVN.NS:
APPROVED ISSUANCE AND ALLOTMENT OF EQUITY SHARES BY WAY OF PREFERENTIAL ISSUE ON PRIVATE PLACEMENT BASIS
APPROVED ISSUANCE AND ALLOTMENT OF 5.7 MILLION SHARES AT ISSUE PRICE OF 134.50 RUPEES PER SHARE
Source text for Eikon: ID:nBSE516t6N
Further company coverage: DEVN.NS
(([email protected];;))
Dev Information Technology Says On 12Th July,2023 Early Morning, Fire Broke Out On One Floor Of One Of Our Buildings
July 12 (Reuters) - DEV Information Technology Ltd DEVN.NS:
ON 12TH JULY,2023 EARLY MORNING, FIRE BROKE OUT ON ONE FLOOR OF ONE OF OUR BUILDINGS (1ST FLOOR OF BLOCK-12)
FIRE WAS CONTROLLED ON TIME AND THERE WERE NO INJURIES CAUSED TO ANY EMPLOYEE OR OTHER PERSON WITHIN PREMISE
IN PROCESS OF ASCERTAINING CAUSE OF FIRE AND ACTUAL LOSS CAUSED BY IT
COMPANY IS IN PROCESS OF ASCERTAINING CAUSE OF FIRE AND ACTUAL LOSS CAUSED BY IT
THERE IS NO IMPACT ON COMPANY'S DATA, SERVERS, NETWORK SETUP, AND ALL BACKBONE SERVICES ARE INTACT
Source text for Eikon: ID:nBSEbbkQSz
Further company coverage: DEVN.NS
(([email protected];;))
July 12 (Reuters) - DEV Information Technology Ltd DEVN.NS:
ON 12TH JULY,2023 EARLY MORNING, FIRE BROKE OUT ON ONE FLOOR OF ONE OF OUR BUILDINGS (1ST FLOOR OF BLOCK-12)
FIRE WAS CONTROLLED ON TIME AND THERE WERE NO INJURIES CAUSED TO ANY EMPLOYEE OR OTHER PERSON WITHIN PREMISE
IN PROCESS OF ASCERTAINING CAUSE OF FIRE AND ACTUAL LOSS CAUSED BY IT
COMPANY IS IN PROCESS OF ASCERTAINING CAUSE OF FIRE AND ACTUAL LOSS CAUSED BY IT
THERE IS NO IMPACT ON COMPANY'S DATA, SERVERS, NETWORK SETUP, AND ALL BACKBONE SERVICES ARE INTACT
Source text for Eikon: ID:nBSEbbkQSz
Further company coverage: DEVN.NS
(([email protected];;))
India's Dev Information Technology hits record high on order win
** Shares of Dev Information Technology Ltd DEVN.NS rise as much as 5% to an all time high of 157.8 rupees
** IT service provider on Monday said it secured a 9.4-mln rupee ($114,909) work order from Indian govt's International Financial Services Centres Authority
** Stock on track for sixth straight session of gains, its longest in over a year
** Stock trading above its 50-, 100-, and 200-day moving averages
** Relative strength index (RSI) above 70, indicating stock is overbought
** Trading volume at ~292,100 shares, 2.4x the 30-day avg of ~122,300 shares as of 10:00 a.m. IST
** Including session's gains, stock up ~21% this year
(Reporting by Biplob Kumar Das in Bengaluru)
** Shares of Dev Information Technology Ltd DEVN.NS rise as much as 5% to an all time high of 157.8 rupees
** IT service provider on Monday said it secured a 9.4-mln rupee ($114,909) work order from Indian govt's International Financial Services Centres Authority
** Stock on track for sixth straight session of gains, its longest in over a year
** Stock trading above its 50-, 100-, and 200-day moving averages
** Relative strength index (RSI) above 70, indicating stock is overbought
** Trading volume at ~292,100 shares, 2.4x the 30-day avg of ~122,300 shares as of 10:00 a.m. IST
** Including session's gains, stock up ~21% this year
(Reporting by Biplob Kumar Das in Bengaluru)
Dev Information Technology Says Lilikoi Usa To Acquire 51% Stake In Dev It
June 20 (Reuters) - DEV Information Technology Ltd DEVN.NS:
LILIKOI USA TO ACQUIRE 51% STAKE IN DEV IT
ACQUISITION IN AN ALL CASH DEAL
Further company coverage: DEVN.NS
(([email protected];))
June 20 (Reuters) - DEV Information Technology Ltd DEVN.NS:
LILIKOI USA TO ACQUIRE 51% STAKE IN DEV IT
ACQUISITION IN AN ALL CASH DEAL
Further company coverage: DEVN.NS
(([email protected];))
Dev Information Technology To Consider Raising Funds
June 13 (Reuters) - DEV Information Technology Ltd DEVN.NS:
TO CONSIDER RAISING FUNDS
Source text for Eikon: ID:nBSEht2Bb
Further company coverage: DEVN.NS
(([email protected];))
June 13 (Reuters) - DEV Information Technology Ltd DEVN.NS:
TO CONSIDER RAISING FUNDS
Source text for Eikon: ID:nBSEht2Bb
Further company coverage: DEVN.NS
(([email protected];))
Dev Information Technology Gets Order Worth 7.2 Million Rupees Approximately
May 19 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GOT ORDER WORTH 7.2 MILLION RUPEES APPROXIMATELY
Source text for Eikon: ID:nBSE8khXHh
Further company coverage: DEVN.NS
(([email protected];))
May 19 (Reuters) - DEV Information Technology Ltd DEVN.NS:
GOT ORDER WORTH 7.2 MILLION RUPEES APPROXIMATELY
Source text for Eikon: ID:nBSE8khXHh
Further company coverage: DEVN.NS
(([email protected];))
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What does Dev Information Tech do?
DEV IT is a global IT services provider known for delivering innovative solutions and enabling digital transformation. With a focus on quality and client-centric approach, it empowers businesses worldwide to achieve their goals.
Who are the competitors of Dev Information Tech?
Dev Information Tech major competitors are Trigyn Technologies, Equippp Social, Intense Tech, Inspirisys Solutions, Cressanda Railway, Intrasoft Tech, DRC Systems India. Market Cap of Dev Information Tech is ₹250 Crs. While the median market cap of its peers are ₹227 Crs.
Is Dev Information Tech financially stable compared to its competitors?
Dev Information Tech seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Dev Information Tech pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Dev Information Tech latest dividend payout ratio is 6.14% and 3yr average dividend payout ratio is 194.2%
How has Dev Information Tech allocated its funds?
Companies resources are allocated to majorly unproductive assets like Accounts Receivable
How strong is Dev Information Tech balance sheet?
Balance sheet of Dev Information Tech is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Dev Information Tech improving?
Yes, profit is increasing. The profit of Dev Information Tech is ₹17.93 Crs for TTM, ₹9.16 Crs for Mar 2024 and ₹8.98 Crs for Mar 2023.
Is the debt of Dev Information Tech increasing or decreasing?
Yes, The debt of Dev Information Tech is increasing. Latest debt of Dev Information Tech is ₹17.51 Crs as of Sep-24. This is greater than Mar-24 when it was ₹0.71 Crs.
Is Dev Information Tech stock expensive?
Dev Information Tech is not expensive. Latest PE of Dev Information Tech is 14.03, while 3 year average PE is 28.87. Also latest EV/EBITDA of Dev Information Tech is 19.22 while 3yr average is 29.98.
Has the share price of Dev Information Tech grown faster than its competition?
Dev Information Tech has given better returns compared to its competitors. Dev Information Tech has grown at ~40.73% over the last 4yrs while peers have grown at a median rate of 27.43%
Is the promoter bullish about Dev Information Tech?
Promoters stake in the company seems stable, and we need to go through filings and allocation of resources to gauge promoter bullishness. Latest quarter promoter holding in Dev Information Tech is 66.63% and last quarter promoter holding is 66.63%.
Are mutual funds buying/selling Dev Information Tech?
There is Insufficient data to gauge this.