Despite negative trends in the Indian stock market, Dev Information Technology (Dev IT) shares saw robust buying on Thursday. Dev IT shares fell from ₹138 to ₹136.59 on NSE shortly after the market opened. However, the SME IT stock witnessed bottom fishing at lower levels before a rapid bounce within a few hours.
On Thursday, it reached an intraday high of ₹144.40 per share, indicating a more than 4% gain. The stock increased for the past two sessions after the small-cap company informed Indian stock markets about the receipt of new orders.
As of 2:12 pm, Dev IT shares were trading 2.88 % higher at Rs 142.44.
Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial advice. The data and figures presented are based on publicly available information and may be subject to change. Before making any investment decisions, it is recommended to conduct thorough research, consult with financial advisors, and consider your individual investment goals and risk tolerance. The author and publisher of this article do not assume any responsibility for any investment decisions made based on the information provided.