Stock below Rs 100: This small-cap stock secured a noteworthy order worth Rs 91 lakh!

The stock is up by 34.30 per cent in just 1 year.

On Wednesday, the benchmark indices started the day in the green. BSE Sensex Index surged 0.24 per cent at a level of 58,214.59. On the sectoral front, the indices were trading mixed with BSE IT Index being one of the gaining sectoral indices.   

Despite being a mixed market, shares of Dev Information Technology surged 5 per cent upper circuit from its previous closing of Rs 90.65 to Rs 95.10 per share. The stock had a 52-week high of Rs 143.90 and a 52-week low of Rs 63.40.   

The company informed that it has secured a noteworthy order from National Informatics Centre Service Inc. for the project Rajya Sabha Secretariat for the design, development, implementation and maintenance of application software and website. The cost of the order is approx. 91 lakh which should be completed within 6 months.  

Dev Information Technology Ltd has a market cap of Rs 210.35 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 is up by 34.30 per cent in just 1 year. Investors should keep this multibagger IT stock under the radar.