Dev Information Technology Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Govt Defence OrderBusiness Updates View source PDF Explain this filing

DEVIT · price

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Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹34.78

prior close

₹36.19

announcement price

In-mkt

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Nifty Microcap 250market · in no size index; the smallest one is used-0.7%+2.7% vs market

IT Enabled Services peers, median of 70sector-1.3%+3.4% vs sector

On the reaction day the stock moved 2.7 pts more than Nifty Microcap 250 and 3.4 pts more than its IT Enabled Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

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Reaction day

+2.0-0.7+2.7-1.3+3.4

Next day

+4.1-0.6+4.7-0.9+5.0

+2.3-2.5+4.9-2.1+4.5

-2.5-4.2+1.7-3.3+0.8

+3.5-5.1+8.6-4.7+8.2

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UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 70Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Dev Information Technology Ltd (DEVIT) has won an order worth approximately ₹26 lakhs from M/s. Core Technologies for supplying AutoCAD software with specialized toolsets (multi-user, offline subscription, Windows). The actual end-user is Goa Shipyard Limited, a Government of India undertaking under the Ministry of Defence, meaning this is effectively a defence-sector order. The contract is fixed-cost, domestic, and to be executed within about 2 months. The order is not a related-party transaction, and there is no promoter interest in the awarding entity.

Likely market impact

While the order is small in absolute value (₹26 lakhs) and limited to software licensing, the fact that the end client is a Ministry of Defence PSU gives Dev IT a defence-sector reference, which could help win larger follow-on contracts. Shareholders should view this as a minor positive, not a material revenue driver on its own.