DEV IT bags INR 93 lakh order from NICSI for BIS website work

Govt Defence OrderBusiness Updates View source PDF Explain this filing

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

+10.1%Reaction day

₹35.50

prior close

₹38.23

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+1.4%+8.8% vs market

IT Enabled Services peers, median of 70sector+0.7%+9.4% vs sector

On the reaction day the stock moved 8.8 pts more than Nifty Microcap 250 and 9.4 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

+3.1

10m

+3.0

15m

+4.7

30m

+5.3

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+10.1+1.4+8.8+0.7+9.4

Next day

+14.4+1.4+12.9+0.8+13.5

+9.5+0.9+8.7+0.7+8.8

+13.5+0.3+13.1-0.2+13.7

+11.4-0.4+11.8-1.2+12.6

+5.3-0.5+5.8-1.0+6.2

-3.4+1.1-4.5-0.3-3.0

15d

-7.0-2.5-4.5-6.5-0.6

-11.4-6.1-5.3-10.2-1.2

-28.9-2.8-26.0-10.2-18.7

-27.9-14.9-13.0-22.3-5.6

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 IT has won an order worth about INR 93 lakhs from National Informatics Centre Services Incorporated (NICSI) for design, development, implementation and maintenance of application software and website of Bureau of Indian Standards (BIS), New Delhi. The contract is fixed cost, domestic, and to be executed in around 6 months. No promoter or related party involvement.

Likely market impact

Small order size from a central government entity. Positive signal for order book but limited impact on stock price given modest value.