DEV IT bags INR 2.79 Cr order from GIFT City Co

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DEVIT · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

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

-1.7%Reaction day

₹29.00

prior close

₹29.15

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.9%-2.6% vs market

IT Enabled Services peers, median of 77sector+0.5%-2.2% vs sector

On the reaction day the stock moved 2.6 pts less than Nifty Microcap 250 and 2.2 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

-0.8

10m

-2.0

15m

-1.4

30m

-1.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-1.7+0.9-2.6+0.5-2.2

Next day

-4.9+0.5-5.4+1.0-5.9

+0.3+0.7-0.4+0.1+0.2

-4.1+0.0-4.2-0.9-3.3

-4.3-2.0-2.3-1.8-2.5

-3.8-0.1-3.7-1.2-2.6

-2.5+1.4-3.9+0.2-2.7

15d

-10.2-1.4-8.7-3.2-7.0

-6.5+1.3-7.8-1.5-5.0

-15.1+3.8-18.9-3.4-11.7

-29.3+2.9-32.2-6.3-23.1

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 77Pending

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

AI summary

Dev Information Technology has secured a work order worth about INR 2.79 Crores from Gujarat International Finance Tec-City Company Limited (GIFTCL), a state government entity. The 2.5 year fixed cost project covers building a multilingual web portal and an interactive Digital Twin platform for GIFT City, India's International Financial Services Centre. Scope includes design, development, deployment, content creation, system integrations, SEO, and ongoing support.

Likely market impact

New domestic government order adds to order book; modest contract size may have limited near-term impact on stock price.