IT Software Stock Gains 33% In 3 Days, Hits Upper Circuit: Do You Own?

Leading small cap company, Dev Information Technology Ltd shares have maintained an upward trend for the last 3 days. The stock have registered a rally of 33% in a span of just 3 days. The stock has given multibagger returns in last 1-year at 233%. Check key details below:

1. Dev Information Technology Ltd Stock Performance

The last trading price of the stock is Rs 124 apiece. The stock was priced Rs 93 on December 23, 2022 and since then it has gained 33%. The stock hit 20% upper circuit on December 26, 2022 when it touched the price of 110 apiece. There has been a spurt in volume by 6.71 times on December 27, 2022.

2. Dev Information Technology Return

The stock has given 33% return in just last 3 days. The shares have surged 16% in last 3-months, 46% in last 6-months, 233% in last 1-year, and 508% in last 5-years.

3. Dev Information Technology Sold 5.45% Stake In Dev X

Dev Information Technology Limited (DEV IT), Ahmedabad based IT Services & Products company has sold 5.45% of its equity holding in Dev Accelerator Pvt. Ltd, a Managed Co-Working Space business, at a valuation of Rs 104 crore.

Dev IT co-promoted ‘DevX' in the year 2017 as a managed co-working space with 720 seats. As on 30 September, 2022 DevX has 8,000 seats running at 79% capacity utilization levels.

Since its inception DevX has seen a significant interest of investors to invest and participate in the growth of this business.

This secondary sale will bring down DEV IT's shareholding in DevX from 41.26% to 35.81%.

4. About Dev Information Technology

The company is one of the leading IT enabled services provider, having a track record of consistently delivering workable and robust solutions.

Its journey began in 1997 with a small-scale setup mainly engaged in to business automation software development.

Today, Dev Information Technology Limited works together with its clients across the globe to empower their business with the right mix of information technology, innovation and digital transformation.

Disclaimer

The stock gives details pertaining to returns in 3-days and other key developments. Greynium Information Technologies and the author are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.