Dev Information Technology Ltd Share Price (DEVIT)
₹120.55▲0.08%
Dev Information Technology Ltd share Performance
- ₹119₹126₹120.55
1.29%
Low
Day's Volatility:5.81%
High
4.52%
- ₹93.3₹174.75₹120.55
22.60%
Low
52 Weeks Volatility:67.57%
High
44.96%
| Returns % | |
| 1 Month Return | 13.85 % |
| 3 Month Return | -15.8 % |
| 1 Year Return | 19.2 % |
| Market Stats | |
| Previous Close | ₹120.45 |
| Open | ₹126.00 |
| Volume | 19.84K |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹266.61Cr |
Company Information
Share Price: ₹120.55 per share as on 23 Apr, 2024 04:01 PM
Market Capitalisation: ₹266.61Cr as of today
Revenue: ₹31.74Cr as on December 2023 (Q4 23)
Net Profit: ₹1.71Cr as on December 2023 (Q4 23)
Listing date: 17 Apr, 2017
Chairperson Name: Pranav Niranjanbhai Pandya
| Organisation | Dev Information Technology Ltd |
| Headquarters | Ahmedabad |
| Industry | IT - Software |
| E-voting on shares | Click here to vote |
Key events for Dev Information Technology Ltd
Dev IT Share Price Doubles After Stock Split - 29 Mar, 2024
Dev IT's share price has doubled since the company announced a 1:2 stock split in 2022. The IT firm recently won a work order worth US$0.55 million from Lilikoi, an IoT/AI ecosystem provider based in the USA.
Dev IT Wins Contract from Lilikoi Holdings - 28 Mar, 2024
Dev Information Technology has secured a contract worth approximately Rs 4.41 crore from IoT/AI ecosystem provider, Lilikoi Holdings. The project involves developing custom software for one of Lilikoi's subsidiary companies and deploying over 40 skilled professionals to manage the group's IT infrastructure. This comes after Lilikoi acquired a controlling stake in Dev IT.
Dev Information Technology Ltd's Stock Price Drops by 30% - 13 Mar, 2024
Dev Information Technology Ltd's stock price has dropped by 30% in the last month, but its P/E ratio of 28.2x is still moderate compared to India's median P/E ratio of around 30x. The company has been performing well with strong earnings growth and a terrific increase of 42% in the last year. However, investors seem to think that this growth might not be enough to outperform the broader market in the near future.
Dev Information Technology Ltd's Long-Term Financial Performance Looks Promising - 12 Mar, 2024
Despite a recent 24% decline in stock price, Dev Information Technology Ltd has a promising long-term financial performance with a higher ROE than the industry average, significant net income growth over five years, and a low payout ratio. The company has also paid dividends for six years.
Fundamentals of Dev Information Technology Ltd
Insights on Dev Information Technology Ltd
Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.
POSITIVE IMPACTBest in 3 Years
In the last 3 years, DEVIT has outperformed top 5 stocks with highest market-cap in IT Services & Consulting
- POSITIVE IMPACT
Revenue Rich
Revenue is up for the last 2 quarters, 28.5 Cr → 31.97 Cr (in ₹), with an average increase of 10.9% per quarter
- POSITIVE IMPACT
Retail Holding Up
Retail Investor have increased holdings from 28.69% to 29.80% in Mar 2024 quarter
- POSITIVE IMPACT
Profit Spike
Netprofit is up for the last 2 quarters, 1.64 Cr → 1.7 Cr (in ₹), with an average increase of 3.5% per quarter
NO EFFECTAgainst Peers
In the last 1 year, HCL Technologies Ltd has given 39.1% return, outperforming this stock by 19.9%
NEGATIVE IMPACTPromoter Holding Down
Promoters have decreased holdings from 71.31% to 70.20% in Mar 2024 quarter
- NEGATIVE IMPACT
Price Dip
In the last 3 months, DEVIT stock has moved down by -15.8%
Dev Information Technology Ltd Valuation
Dev Information Technology Ltd in the last 5 years
Lowest (-459.80x)
April 28, 2022
Today (30.34x)
April 22, 2024
Industry (33.08x)
April 22, 2024
Highest (749.82x)
October 18, 2021
Shareholding Pattern
| Investors | Holdings % | Prev. 1 periods | 3M change |
|---|---|---|---|
| Promoter Holdings | 70.2% | 0.00 | |
| Foreign Institutions | 0% | 0.00 | |
| Mutual Funds | 0% | 0.00 | |
| Retail Investors | 29.8% | 0.00 | |
| Others | 0% | 0.00 |
Technicals of Dev Information Technology Ltd share
News & Events of Dev Information Technology Ltd
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Dev Information Technology Ltd (DEVIT) share price today is ₹120.55
Dev Information Technology Ltd is listed on NSE
Dev Information Technology Ltd is listed on BSE
- Today’s highest price of Dev Information Technology Ltd is ₹126.
- Today’s lowest price of Dev Information Technology Ltd is ₹119.
PE Ratio of Dev Information Technology Ltd is 30.34
PE ratio = Dev Information Technology Ltd Market price per share / Dev Information Technology Ltd Earnings per share
Today’s traded volume of Dev Information Technology Ltd(DEVIT) is 19.84K.
Today’s market capitalisation of Dev Information Technology Ltd(DEVIT) is ₹266.61Cr.
| Dev Information Technology Ltd(DEVIT | Price |
|---|---|
52 Week High | ₹174.75 |
52 Week Low | ₹93.3 |
Dev Information Technology Ltd(DEVIT) share price is ₹120.55. It is down -31.02% from its 52 Week High price of ₹174.75
Dev Information Technology Ltd(DEVIT) share price is ₹120.55. It is up 29.21% from its 52 Week Low price of ₹93.3
| Dev Information Technology Ltd(DEVIT | Returns |
|---|---|
1 Day Returns | 0.1% |
1 Month Returns | 13.85% |
3 Month Returns | -15.8% |
1 Year Returns | 19.2% |