Dev IT secures order worth Rs 6.97 cr from Gujarat education body

Government or 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

+3.8%Reaction day

₹39.10

prior close

₹40.57

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+3.8% vs market

IT Enabled Services peers, median of 72sector+0.0%+3.8% vs sector

On the reaction day the stock moved 3.8 pts more than Nifty Microcap 250 and 3.8 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

+3.5

10m

+1.6

15m

+1.1

30m

+0.8

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

+3.8+0.1+3.8+0.0+3.8

Next day

-0.5-0.5-0.1-0.6+0.0

+3.0-1.0+4.0-1.3+4.4

+1.2-1.8+2.9-2.2+3.3

-4.4-1.8-2.6-1.5-2.9

-13.6-0.4-13.1-1.3-12.2

-7.6+0.7-8.3-1.2-6.4

15d

-13.1-3.9-9.2-6.1-7.0

-22.6-9.4-13.2-10.0-12.6

-35.4-4.1-31.3-9.8-25.6

-34.5-16.1-18.5-25.1-9.4

UpDownMarket · Nifty Microcap 250Sector · IT Enabled Services peers, median of 72Pending

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

AI summary

Dev Information Technology has won a Rs 6.97 crore work order from Knowledge Consortium of Gujarat (KCG), set up by the Gujarat government Department of Education. The project involves supplying Microsoft Office automation tools to arts, commerce, engineering and polytechnic colleges at taluka and district level to improve their analytical and reporting capabilities. Delivery is due by 5 February 2026 on a fixed cost basis. The order is fully domestic and has no related party involvement.

Likely market impact

Adds Rs 6.97 cr to the order book. Government client adds credibility. Small order size relative to the company.