Multibagger stock under Rs 150: This small-cap IT company secures a work order worth Rs 35 Lakh!

Shares of the company have gained more than 60 per cent in the last one year.

Dev Information Technology Limited reported in the exchange filing that the company has bagged an order worth Rs 35 Lakh. The order is received from National Informatics Centre Service Inc. for the project Morarji Desai National Institute of Yoga, New Delhi for design, development, implementation and maintenance of its website.

Dev Information Technology Limited has also delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 16.00 on June 05, 2020, to Rs 139.60 on May 31, 2023, an increase of about 750 per cent in three years holding period. 

Dev Information Technology Limited is an end-to-end technology solutions provider delivering digital transformation leveraging cloud, automation, and data technologies.

On Wednesday, the stock opened at Rs 141.99, with a high and low of Rs 142.00 and Rs 133.49. The stock closed trading at Rs 140.15, up by 7.07 per cent. In the last one year, the shares of the company have given more than 60 per cent returns and on a YTD basis, the stock has given about 10 per cent returns.

The stock has a 52-week high of Rs 143.90 and a 52-week low of Rs 74.10. The company has a ROCE of 27.7 per cent and an ROE of 24.1 per cent, with a market capitalisation of Rs 311 crore.

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