This small-cap IT stock secured an order worth Rs 50 lakh!

The stock was listed on February 18, 2022 on BSE & NSE and till date the stock is up by 85 per cent.

On Tuesday, the benchmark indices ended the day in the green. BSE Sensex Index surged 0.03 per cent at a level of 61,981.79. On the sectoral front, the indices were trading mixed, with the BSE IT Index down by 0.26 per cent at Rs 28,759.15.

The shares of Dev Information Technology Ltd zoomed 6.39 per cent from its previous closing of Rs 107.81 to Rs 114.70 per share. The stock has a 52-week high of Rs 143.90 and a 52-week low of Rs 74.10.

The company informed that the Haryana Staff Selection Commission placed an order for SQL Server with Dev Information Technology Limited towards its usage of RDMS abilities in the One Time Registration Portal that has been introduced by the Haryana HSSC board to fulfil the vacant positions of Group C, D, and teaching& non-Teaching posts in Haryana. The order is worth Rs 50 lakh approx. and will be completed in 2 months from LOI.

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Dev Information Technology Ltd has a market cap of Rs 251.66 crore. The company is an end-to-end technology solutions provider delivering digital transformation leveraging cloud, automation, and data technologies. The company reported amazing numbers in its Quarterly Results (Q4) and annual results (FY23).

The stock was listed on February 18, 2022 on BSE & NSE and till date, the stock is up by 85 per cent. Investors should keep this IT stock under the radar.