DEVIT (Small Cap - Next Multibagger) Share Target 2024, 2025 To 2039
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Dev Information Technology Limited |
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Price: ₹151.96 | ||
| 52 Week Low: ₹94.00 52 Week High: ₹185.00 |
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| Market Capital: 360.81 Crore (Smallcap) | |||
| Technology -> Information Technology Services | |||
Show Table of Contents
Table of Contents
- 1: Approach 1: Technical Analysis Paired With Price Action
- 1.1: DEVIT Share Price Target For 2024
- 1.1.1: DEVIT Share Price Target Table For 2024
- 1.1.2: Short-Term Technical Outlook
- 1.2: DEVIT Share Price Target For 2025
- 1.2.1: DEVIT Share Price Target Table For 2025
- 1.2.2: Long-Term Technical Outlook
- 2: Approach 2: Machine Learning By Studying Historical Prices
- 2.1: DEVIT Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
- 3: DEVIT Brief Company Overview
- 4: DEVIT Financial Performance
- 4.0.1: Is DEVIT A Good Buy For Long Term?
To predict the DEVIT's future market prices, we harnessed 2 dynamic approaches:
Approach 1: Technical Analysis Paired With Price Action
Approach 2: Machine Learning By Studying Historical Prices
Approach 1: Technical Analysis Paired With Price Action
DEVIT Share Price Target For 2024
The line chart displays the monthly closing prices of DEVIT with a black line. The green line shows three potential target prices for 2024, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for DEVIT shares in 2024, see the table below.
DEVIT Share Price Target Table For 2024
| Level | Value | Analysis |
|---|---|---|
| 2024 Target 3 | 158.49 (+4.29%) | Price Action: 11 Dec 2024 High |
| 2024 Target 2 | 156.8 (+3.18%) | Price Action: 07 Nov 2024 High |
| 2024 Target 1 | 154.8 (+1.86%) | Price Action: 05 Nov 2024 High |
| Current Price | 151.96 | DEVIT's share price as of 20 Dec 2024 |
| Stop Loss 1 | 149.75 (-1.46%) | Price Action: 20 Dec 2024 Low |
| Stop Loss 2 | 148.1 (-2.55%) | Price Action: 12 Nov 2024 Low |
| Stop Loss 3 | 145.8 (-4.06%) | Price Action: Aug 2024 High |
Short-Term Technical Outlook
Current Technical Position: DEVIT is displaying bearish momentum trading below key moving averages.
Key Technical Level: The 50-day moving average at ₹152.74 serves as the nearest technical reference point.
Historical Returns: 3-month: +0.20% | 6-month: +35.78% | 1-year: -6.31%
DEVIT Share Price Target For 2025
The line chart displays the monthly closing prices of DEVIT with a black line. The green line shows three potential target prices for 2025, while the red line indicates three potential Stop Loss levels.
For detailed target and stop loss values for DEVIT shares in 2025, see the table below.
DEVIT Share Price Target Table For 2025
| Level | Value | Analysis |
|---|---|---|
| 2025 Target 3 | 217.43 (+43.08%) | Price Action: Chart |
| 2025 Target 2 | 213.38 (+40.41%) | Price Action: Chart |
| 2025 Target 1 | 211.27 (+39.03%) | Fibonacci Extension Level 64.90% |
| Current Price | 151.96 | DEVIT's share price as of 20 Dec 2024 |
| Stop Loss 1 | 138.38 (-8.94%) | Price Action: 24 Oct 2024 High |
| Stop Loss 2 | 136.33 (-10.29%) | Technical Indicator: MA150 |
| Stop Loss 3 | 134.22 (-11.68%) | Technical Indicator: MA250 |
Long-Term Technical Outlook
52-Week Range Analysis: DEVIT is currently trading at 63.7% of its 52-week range (₹94 - ₹185).
Long-Term Trend Analysis: The stock is maintaining a bullish long-term trend, trading above both 150-day and 250-day moving averages.
Long-Term Performance: 1-year: -6.31% | 3-year: +315.19% | 5-year: +782.46%
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Approach 2: Machine Learning By Studying Historical Prices
DEVIT Share Price Target Chart and Table From 2024, 2025, 2026 to 2039
| Year | Target 1 | Target 1 YoY Chg % | Target 2 |
|---|---|---|---|
| Current Price | ₹151.96 | ||
| 2024 | ₹151.39 | -0.38% | ₹153.66 |
| 2025 | ₹212.71 | +40.50% | ₹215.90 |
| 2026 | ₹270.40 | +27.12% | ₹274.46 |
| 2027 | ₹316.27 | +16.96% | ₹321.01 |
| 2028 | ₹344.82 | +9.03% | ₹355.35 |
| 2029 | ₹389.02 | +12.82% | ₹406.22 |
| 2030 | ₹466.82 | +20.00% | ₹473.82 |
| 2031 | ₹531.13 | +13.78% | ₹539.10 |
| 2032 | ₹571.92 | +7.68% | ₹580.50 |
| 2033 | ₹584.76 | +2.25% | ₹605.53 |
| 2034 | ₹626.65 | +7.16% | ₹667.67 |
| 2035 | ₹720.93 | +15.05% | ₹733.03 |
| 2036 | ₹791.86 | +9.84% | ₹803.74 |
| 2037 | ₹827.58 | +4.51% | ₹839.99 |
| 2038 | ₹824.71 | -0.35% | ₹863.75 |
| 2039 | ₹850.55 | +3.13% | ₹929.12 |
Note: Target 1 and Target 2 represent price levels that the stock is most likely to achieve during the respective year, based on machine learning algorithms analyzing historical price patterns and market behavior. These predictions are generated through comprehensive analysis of the stock's historical data using advanced ML models.
DEVIT Brief Company Overview
Dev Information Technology Limited: A Comprehensive Overview Established in 1997 and headquartered in Ahmedabad, India, Dev Information Technology Limited is a leading provider of information technology enabled services in India. Key Products and Services: ...
Cloud services Managed IT services Digital services Modern workplace and cyber security services Mobile applications development Productivity software Digital signature certificate services Microsoft Dynamics solutions Web and windows application development Reputation in Industry: Dev Information Technology Limited has a strong reputation in the industry for its commitment to innovation, customer satisfaction, and quality services. Diverse Product Range: The company offers a diverse range of products and services to meet the needs of various industries and clients. Commitment: Dev Information Technology Limited is committed to providing its clients with the highest quality of services and solutions.DEVIT Financial Performance
| Metric | Value | Description |
|---|---|---|
| Market Capital | 360.81 Crore | Market valuation of DEVIT's shares. |
| Revenue (TTM) | 138.57 Crore | Total revenue generated by DEVIT over the past twelve months. |
| Net Income (TTM) | +110,085,000.00 | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | +14.20% | Income from operations as a percentage of revenue, before taxes and interest. |
| Profit Margin | +7.94% | Net income as a percentage of revenue, after all expenses. |
| Revenue Growth (Quarterly) |
-41.30% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) |
+94.90% | Change in earnings compared to the same quarter last year. |
| Debt-to-Equity (D/E) Ratio |
25.01 | Company's total debt divided by total shareholder equity. |
| Total Debt | 14.57 Crore | Sum of DEVIT's current & long-term financial obligations. |
| Total Cash | 6.06 Crore | Total amount of liquid funds available to DEVIT. |
| Beta | 0.01 | Beta is less than 1 indicating that the DEVIT's price is less volatile than the market. |
Is DEVIT A Good Buy For Long Term?
DEVIT, a small-cap stock with a market capitalization of ₹360.81 crore, shows mixed signals. While its 5-year return of 764.58% is impressive, recent performance is less stellar, with a YTD return of -1.46%. The Q1 2024-25 report reveals a net profit of ₹11 crore (7.94% profit margin) against revenue of ₹138.57 crore, and a significant 41.3% revenue drop quarter-over-quarter. Its debt (₹14.57 crore) exceeds its cash balance (₹6.06 crore). Considering these factors, DEVIT is an average buy for the long term; further investigation into the reasons for the revenue decline is crucial.
Disclaimer: The information provided on this page is for educational purposes only and should not be considered as financial advice. Historical performance data and technical analysis cannot guarantee future results. Stock investments are subject to market risks. Please consult with a qualified financial advisor before making any investment decisions.
All stock data shown is sourced from publicly available information and while we strive for accuracy, we cannot guarantee the absolute accuracy of all figures. Users should verify critical information from official sources before making investment decisions.
