DEV IT wins INR 2.79 Cr order from GIFT City authority for digital platform

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

-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 approximately INR 2.79 Crores from Gujarat International Finance Tec-City Company Limited (GIFTCL), a state government entity. The 2.5-year fixed cost project involves designing, developing and maintaining a multilingual web portal and an interactive Digital Twin platform for GIFT City, India's premier International Financial Services Centre. Scope includes web development, digital twin, content creation, system integration and ongoing support.

Likely market impact

Positive order win from a government entity strengthens revenue visibility, though ticket size is modest. Validates DEV IT's digital transformation capabilities.