India's Dev Information Technology hits record high on order win

Dev Information Technology

21/06/2023 05:48

** Shares of Dev Information Technology Ltd  DEVN.NS  rise
as much as 5% to an all time high of 157.8 rupees
    ** IT service provider on Monday said it secured a 9.4-mln
rupee ($114,909) work order from Indian govt's International
Financial Services Centres Authority
    ** Stock on track for sixth straight session of gains, its
longest in over a year
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Relative strength index (RSI) above 70, indicating stock
is overbought
    ** Trading volume at ~292,100 shares, 2.4x the 30-day avg of
~122,300 shares as of 10:00 a.m. IST 
    ** Including session's gains, stock up ~21% this year


 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))