Penny stock under Rs 50 with Rs 50 crore order book: IT company receives order of Rs 1,06,00,000 from RajCOMP Info Services Ltd

DSIJ Intelligence-1 / 29 Aug 2025/ Categories: Mindshare, Penny Stocks, Trending

Penny stock under Rs 50 with Rs 50 crore order book: IT company receives order of Rs 1,06,00,000 from RajCOMP Info Services Ltd

The is up by 36 per cent from its 52-week low of Rs 88.15 per share and gave multibagger returns of 348 per cent in 5 years.

DEV Information Technology Ltd (DEVIT) has received a new contract from RajCOMP Info Services Ltd, a Government of Rajasthan undertaking, for its "Portal Websites" project. This work order, valued at approximately Rs 1.06 crore, involves providing IT and software development services over a 12-month period. The key focus of the project is to enhance existing government web portals and applications, making them more responsive and mobile-compatible using the Adobe Experience Manager platform. With this new project, DEVIT's total active work orders from various government entities across India are now valued at approximately Rs 50 crore.

About the Company

Founded in 1997, Dev IT has grown from a small-scale software provider to a global IT powerhouse. With a strong foundation in India and offices worldwide, the company offers many services, including cloud solutions, digital transformation, and enterprise applications. Known for its commitment to innovation and quality, Dev IT empowers businesses with cutting-edge technology. Their products, such as Talligence and ByteSIGNER, provide valuable tools for data analysis and document management. By understanding their clients' unique needs, Dev IT delivers tailored solutions that drive business growth and success.

According to the Quarterly Results, the revenue increased by 21.2 per cent to Rs 42.99 crore and net profit decreased by 41.2 per cent to Rs 2.18 crore in Q1FY26 compared to Q1FY25. In FY25, net sales increased by 4 per cent to Rs 171 crore and net profit increased by 67 per cent to Rs 15 crore compared to FY24.

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The company's stock ex-traded stock split/sub-division of its equity shares on August 21, 2025, with each existing share of face value Rs 5 splitting into two shares of face value Rs 2. The company has a market cap of over Rs 250 crore. The is up by 36 per cent from its 52-week low of Rs 88.15 per share and gave multibagger returns of 348 per cent in 5 years.

Disclaimer: The article is for informational purposes only and not investment advice.