Dev Information Technology for Long-Term Investment💡

Introduction

Dev Information Technology Ltd. engages in the provision of digital solutions. Its services include cloud, managed information technology (IT) services, digital transformation, application development, and enterprise applications.

Observation

Stock form a cup & handle pattern on weekly chart breakout with good volume on day chart all time high profit post Rsi getting strong on all TF

Let's touch fundamentals

ROCE - 23%
ROE - 19%
Debt to equity - 0.38
PE - 22
Promoter Holding - 69%
Public holding - 30%
Promoter Holding Pledge - zero

Technical Analysis & indicators 🔍

Weekly chart
Cup & Handle

News of the day

1. India's Eicher Motors, which makes the Royal Enfield brand of motorcycles, reported a bigger-than-expected quarterly profit on Wednesday, helped by increased sales of its higher-powered models such as the 'Scram 411'.

2. Indian IT services major HCL Technologies has appointed Arjun A. Sethi as chief growth officer for Strategic Segments with a focus on government and global private equity, according to a Tuesday filing to the stock exchanges.

3. UltraTech Cement plans to raise up to 30 billion Indian rupees through a private placement of non-convertible debentures, according to a filing to the stock exchanges on Tuesday.The company plans to issue up to 300,000 fully paid, unsecured, listed, rated, redeemable, rupee-denominated non-convertible, non-cumulative debentures of 100,000 rupees each in one or more tranches on or after Nov. 15.

Educational content 📖

This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

Wed Nov 13, 2024