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

-2.4%Reaction day

₹41.51

prior close

₹40.43

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.1%-0.3% vs market

IT Enabled Services peers, median of 69sector-1.7%-0.8% vs sector

On the reaction day the stock moved 0.3 pts less than Nifty Microcap 250 and 0.8 pts less 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

+0.1

10m

-0.2

15m

-0.7

30m

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Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-2.4-2.1-0.3-1.7-0.8

Next day

-2.3-2.9+0.6-1.8-0.5

-3.6-3.3-0.3-2.2-1.4

-2.4-2.0-0.4-0.7-1.7

-2.7-0.7-2.0+0.0-2.7

-3.3-1.0-2.3-0.9-2.4

-3.6-1.5-2.1-0.7-2.9

15d

-2.6-0.3-2.3+0.0-2.6

-1.1+0.3-1.4+1.4-2.5

-3.2-1.8-1.3-4.7+1.5

-2.9-5.3+2.3-6.8+3.9

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 69Pending

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

AI summary

Dev Information Technology Limited (DEVIT) has secured a work order worth approximately ₹82 Lakhs from RajCOMP Info Services Ltd, a Government of Rajasthan undertaking. The project, named 'WebMyWay', involves development, maintenance, and support services for web portals and websites, using an in-house CMS product that currently manages over 82 macro portals and 742 microsites. The contract is fixed-cost, purely domestic, and has a timeline of approximately 12 months for completion. The order is not a related-party transaction and there is no promoter interest in the awarding entity. Dev IT provides cloud, managed IT, digital transformation, and enterprise application services, with offices in Gujarat, Maharashtra, Rajasthan, and Canada.

Likely market impact

For shareholders, this is a positive development showing continued order inflow from a government client, but the ₹82 Lakhs size is modest relative to typical IT services revenues and unlikely to materially move the stock price on its own. It reinforces the company's relationship with state government clients and recurring digital services portfolio.