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DEVIT Share Price Target 2024, 2025, 2026 to 2039 With Charts
Dev Information Technology Limited | |||
 | Symbol: DEVIT | ||
| Price: ₹153.13 | |||
| Exchange: NSE | |||
| Technology -> Information Technology Services | |||
Show Table of Contents
Table of Contents
- 1: DEVIT Brief Company Overview
- 1.1: Dev Information Technology Limited: A Comprehensive Overview
- 1.2: DEVIT Financial Performance
- 1.2.1: Is DEVIT A Good Buy For Long Term?
- 2: Approach 1: Technical Analysis Paired With Price Action
- 2.1: DEVIT Share Price Target For 2024
- 2.1.1: DEVIT Share Price Target Table For 2024
- 2.1.2: Summary: DEVIT Share Price Prediction For 2024
- 2.2: DEVIT Share Price Target For 2025
- 2.2.1: DEVIT Share Price Target Table For 2025
- 2.2.2: Summary: DEVIT Share Price Prediction For 2025
- 3: Approach 2: Machine Learning By Studying Historical Prices
- 3.1: DEVIT Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
- 3.2: DEVIT Share Price Target Table From 2024, 2025, 2026 to 2039
- 4: DEVIT Past Performance
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 | 352.33 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) | +11 Crore | Net Profit or Loss after all the expenses over the past twelve months. |
| Operating Margin | 14.2% | 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) | -41.3% | Change in revenue compared to the previous quarter. |
| Earnings Growth (YOY Quarterly) | +94.9% | 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 impressive 5-year return of 765.06% and strong past performance are attractive, Q1 2024-25 reveals a concerning 41.3% revenue drop compared to the previous quarter. Although it boasts a ₹11 crore net profit (7.94% margin) on ₹138.57 crore revenue (TTM), its debt of ₹14.57 crore against a cash balance of ₹6.06 crore raises concerns. Considering the volatility and significant revenue decline, DEVIT is an average buy for long-term investors willing to tolerate considerable risk. Further analysis is recommended before investing.
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
| DEVIT's Levels | Value | Reason/Importance |
|---|---|---|
| 2024 Target 3 | 159.48 (+4.14%) | Custom Fibonacci Extension Lvl 64.9% |
| 2024 Target 2 | 157.69 (+2.97%) | Price Action: 06 Nov 2024 High |
| 2024 Target 1 | 155.94 (+1.82%) | Price Action: Sep 2024 High |
| Current Price | 153.14 | DEVIT's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 153.00 (-0.1%) | Price Action: 06 Nov 2024 Low |
| Stop Loss 2 | 151.10 (-1.34%) | Price Action: 07 Nov 2024 Low |
| Stop Loss 3 | 149.50 (-2.38%) | Price Action: 16 Oct 2024 Low |
Summary: DEVIT Share Price Prediction For 2024
In summary, DEVIT has declined by ₹-9.61, recording a notable -5.90% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of DEVIT for 2024 predicts an additional rise of 1.82% to 4.14% by the end of 2024 with three potential targets T1: 155.94, T2: 157.69, T3: 159.48. Stop Loss at SL1: 153.00, SL2: 151.10, SL3: 149.50.
DEVIT has a 52-week high of ₹177.97, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹94.00, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's share price prediction, let's now check what 2025 might hold for DEVIT.
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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
| DEVIT's Levels | Value | Reason/Importance |
|---|---|---|
| 2025 Target 3 | 212.43 (+38.71%) | Price Action: Chart |
| 2025 Target 2 | 208.47 (+36.13%) | Price Action: Chart |
| 2025 Target 1 | 206.41 (+34.78%) | Custom Fibonacci Extension Lvl 64.9% |
| Current Price | 153.14 | DEVIT's 1 share price as of Thu 21 Nov 2024 |
| Stop Loss 1 | 142.00 (-7.28%) | Price Action: Jul 2023 High |
| Stop Loss 2 | 139.75 (-8.75%) | Price Action: 23 Oct 2024 High |
| Stop Loss 3 | 138.00 (-9.89%) | Price Action: Jan 2024 Low |
Summary: DEVIT Share Price Prediction For 2025
In summary, DEVIT has declined by ₹-9.61, recording a notable -5.90% decrease from 1st January 2024 to 21 Nov 2024. Despite the setback, our analysis of DEVIT for 2025 predicts an additional rise of 34.78% to 38.71% by the end of 2025 with three potential targets T1: 206.41, T2: 208.47, T3: 212.43. Stop Loss at SL1: 142.00, SL2: 139.75, SL3: 138.00.
DEVIT has a All-Time high of ₹254.60, acting as a crucial resistance level - a ceiling that could challenge further price increase. Conversely, it has a 52-week low of ₹94.00, a critical support level - think of this as a safety net where the price might stop falling.
After looking at 2024's and 2025's share price prediction, you might wonder what are short term targets for DEVIT, we have created a specific page for that check here: DEVIT Share Price Target For Tomorrow & Next Week
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Approach 2: Machine Learning By Studying Historical Prices
DEVIT Long Term Share Price Prediction Chart From 2024, 2025, 2026 to 2039
This chart presents a detailed projection of DEVIT share price predictions from 2024, 2025, 2026 to 2039. This share price Prediction represents a CAGR of 13.13% over the next 15 years.
For complete year by year DEVIT long term share price target from 2024, 2025 to 2039 check the below table.
DEVIT Share Price Target Table From 2024, 2025, 2026 to 2039
| Year | DEVIT Target | YoY Change % |
|---|---|---|
| 2024 | ₹153.13 | [Current Price] |
| 2024 | ₹151.44 | -1.12% |
| 2025 | ₹212.85 | 40.55% |
| 2026 | ₹270.63 | 27.14% |
| 2027 | ₹316.58 | 16.97% |
| 2028 | ₹345.2 | 9.04% |
| 2029 | ₹389.48 | 12.82% |
| 2030 | ₹467.4 | 20% |
| 2031 | ₹531.8 | 13.78% |
| 2032 | ₹572.67 | 7.68% |
| 2033 | ₹585.55 | 2.24% |
| 2034 | ₹627.52 | 7.16% |
| 2035 | ₹721.95 | 15.04% |
| 2036 | ₹792.99 | 9.84% |
| 2037 | ₹828.78 | 4.51% |
| 2038 | ₹825.92 | -0.35% |
| 2039 | ₹851.8 | 3.13% |
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DEVIT Past Performance
- In 2017, DEVIT opening price was ₹12.61
- As of Thu 21 Nov 2024 the price stands at ₹153.13.
- This represents a Compound Annual Growth Rate (CAGR) of 36.63%.
- In 7 years, an investment of 10,000 would have become ₹1.21 Lakh.
As we wrap up, we hope you like our study on DEVIT share price predictions, please kindly note that these forecasts are based on technical analysis, past trends, and machine learning models. They are for educational purposes only, not investment advice.
Show Methodology We Use
Methodology Behind the Prediction
The share price predictions present on our site are derived from a robust model that incorporates multiple economic indicators, technical indicators, company performance metrics, and industry-specific factors.
We have historical share price data of all stocks for which we present targets, so we analyse historical trends from those past data and overlay them with projected market conditions to estimate future share prices of a stock.
- DEVIT Share Price History
- DEVIT Price Target Tomorrow
- DEVIT Dividend History
- DEVIT Bonus History
- DEVIT Split History
Disclaimer: Information is provided 'as is' and solely for informational and educational purposes, not for trading purposes or advice. We highly recommend to do your own research before making any investment.
