Record Date Out! Is This 2:5 Split IT Stock Set For A Bullish Rebound Or A Freefall?

Software development, software trading, business process outsourcing, and other solutions are offered by Dev Information Technology (DEV IT), an Indian IT services provider. DEV IT services clients worldwide and has branch offices in Rajasthan, Kerala, and Canada in addition to its headquarters in Ahmedabad, Gujarat. DEV IT is an Adobe partner, AWS consulting partner, Microsoft Cloud Solution Provider, and Microsoft Gold Partner.

Following the announcement of its 2:5 stock split, the IT stock remained erratic on Friday, opening marginally higher at Rs 116.40 than its previous close of Rs 115.65. Although it experienced intense selling pressure, it momentarily recovered momentum and reached an intraday high of Rs 117.10. The charts showed an uncertain state as the stock fell precipitously to an intraday low of Rs 110.90. It finally finished at Rs 114.25, below the day's opening levels, despite efforts to rally, indicating traders' continued caution and uncertainty.

Dev IT Stock Split

For the purpose of sub-division of each equity share having face value of Rs 5/- fully paid-up into equity shares having face value of Rs 2/- each fully paid-up, the company said in a stock exchange filing on Friday that "This is to inform you that in terms of Regulations 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, the board of directors in its meeting held on today i.e. on 25th July, 2025 have decided the record date for determining entitlement of Equity Shareholders for the purpose of sub-division / split of existing Equity Shares of the Company,"

Thursday, August 21st,2025 has been fixed as the record date for the purpose of the above-said stock split.

Dev IT News

National Informatics Centre Services Incorporated (NICSI) has granted DEVIT a sizable order on July 22, 2025, for the development of an Integrated Financial Management System (IFMS). The order has a total estimated value of Rs 1.29 crore.

"Securing this project highlights DEVIT's proven capabilities in delivering complex, large-scale government technology solutions. Our success is rooted in a deep understanding of the client's operational needs, a customized and innovative approach to solution design, and a strong, collaborative delivery model. DEVIT's robust track record in executing similar projects was a key factor in winning this engagement," said Dev Information Technology in a stock exchange filing.

Dev IT Target Price

"Dev Information Technology stock price is bearish on the Daily charts with strong resistance at 120. A daily close below support of 111 could lead to a target of 101 in the near term," commented A R Ramachandran, independent research analyst.

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