Penny stock under Rs 50 with Rs 50+ crore order book: IT company secures order of Rs 71,00,000 from Guj Info Petro Ltd (GIPL)
DSIJ Intelligence-1 / 26 Sep 2025/ Categories: Penny Stocks, Trending
The is up by 16.85 per cent from its 52-week low of Rs 35.26 per share and gave multibagger returns of over 300 per cent in 5 years.
DEV Information Technology Ltd (DEV IT) has secured a significant domestic work order, valued at approximately Rs 71 lakh, from Guj Info Petro Ltd (GIPL) for the upgrade of GIPL's cluster and its migration to the current data centre infrastructure. This fixed-cost project involves upgrading the cluster to support the latest workloads with minimal downtime, provisioning various e-Governance applications, and acquiring Microsoft Windows Server 2025 Data Centre Core and Standard Core for deployment at GIPL's state-of-the-art data centre in Gandhinagar. The initiative aims to enhance performance, scalability, and operational efficiency, leverage existing resources, and ensure high availability for mission-critical workloads, with a swift execution timeline of about 2-3 weeks.
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 220 crore and has an order book of over Rs 50 crore. The is up by 16.85 per cent from its 52-week low of Rs 35.26 per share and gave multibagger returns of over 300 per cent in 5 years.
Disclaimer: The article is for informational purposes only and not investment advice.