Dev Information Technology share price has been heading north ever since it announced its collaboration with Adani Institute of Digital Technology Management (AIDTM) and Orena Solutions to enhance IT students and IT professionals. The stock has risen in the last one month from 135 175, registering a growth of nearly 30 percent over the period. However, IIFL Securities sees more upside in the counter. According to IIFL Securities Research report, Dev IT share price may rise The 300 level over the next 6 months provides a strong 70 percent return to its shareholders over this period.
Dev highlighted the reasons for the rally on Information Technology stock price; IIFL Securities Research Report The company announced its association with Adani Institute of Digital Technology Management (AIDTM) and Orena Solutions to advance IT students and IT professionals in cutting-edge technologies.
Explaining the importance of these collaborations of Dev IT Company; Anuj Gupta, Vice President – Research, IIFL Securities, said, “Dave IT has partnered with AIDTM and Orena Solutions to enhance and empower IT students and professionals in their careers in cloud, artificial intelligence/machine learning, blockchain and ongoing digital transformation technologies. has worked to provide opportunities.”
Dev IT stocks expected to continue rally; Anuj Gupta of IIFL Securities said, “It is currently trading at 52-week high 177 per share level. Recently, we saw a strong technical breakout above the 150 level. This stock has a lot of volume and has potential for growth.”
On its suggestion to positional investors in respect of Dev IT shares; Research report by IIFL Securities says “We expect it to test 250 to 300 levels by 6 months. Buy and Hold with Stop Loss 138. for the goal of 250 more 300 respectively.”
Disclaimer: The views and recommendations given above are those of individual analysts or broking companies and not of Mint.