This small-cap IT stock secured an order worth Rs 2.15 crore!

The stock was listed on February 18, 2022 on BSE & NSE and till date the stock is up by 58 per cent.

On Tuesday, the benchmark indices started the day in the green. BSE Sensex Index surged 0.34 per cent at a level of 61,972. On the sectoral front, the indices were trading higher, with the BSE IT Index up by 0.46 per cent at Rs 27,987. 

The shares of Dev Information Technology zoomed 3.65 per cent from its previous closing of Rs 94.50 to Rs 97.94 per share. The stock has a 52-week high of Rs 143.90 and a 52-week low of Rs 71.73.  

The company informed that it secured a noteworthy order from Gujarat State Fertilizers & Chemicals Limited for the installation, supply, commission, implementation and maintenance of an enterprise-class mailing solution at GSFC HO. The order is worth approx. Rs 2.15 crore and will be executed in 2 months.

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Dev Information Technology Ltd has a market cap of Rs 207 crore. The company is an end-to-end technology solutions provider delivering digital transformation leveraging cloud, automation and data technologies. In Q3FY22, the company reported a net loss of Rs 0.29 crore but in Q3FY23 it skyrocketed to a net profit of Rs 2.66 crore.  

The stock was listed on February 18, 2022 on BSE & NSE and till date, the stock is up by 58 per cent. Investors should keep this IT stock under the radar.