India's DEV Information Technology rises after $4 mln order win

Dev Information Technology

21/04/2023 07:48

** Shares of Dev Information Technology Ltd  DEVN.NS  rise
as much as 5.2% to 102.15 rupees, marking their sharpest
intraday pct gain since Jan. 11 
    ** IT services provider receives 340 million rupees ($4.1
mln) order from Gujarat Informatics for a database management
system software platform
    ** Stock above its 50-day moving average but stays below
100- and 200-day moving averages
    ** Moving Average Convergence Divergence (MACD) line above
the signal line since April 3, suggesting bullish momentum
    ** Shares hit their highest since March 13
    ** More than 40,730 shares change hands by 12:05 p.m. IST,
1.7x the 30-day avg 
    ** Stock down over 24% so far this year, up to last close



($1 = 82.1570 Indian rupees)

 (Reporting by Dimpal Gulwani in Bengaluru)
 ((dimpal.gulwani@thomsonreuters.com))