Stocks to buy for short term: Multibagger IT Stock Dave Information Technology Limited is on the cusp of technological breakthrough.
Dave IT Share Price Movement and Multibagger Returns
dev information technology share price open 176 on BSE on Thursday, about 3.5% higher than the previous close. 170.20. After Dev Information Technology share price hits low 94.10 rising since then and heading towards 1-year or 52-week high in March 2024 191
DEVIT share price has increased almost 3 times since close Trading at 60 level in January 2022 has given multibagger returns to investors
fundamental reasons for the rally
The current rally in Indian IT companies can be attributed to three primary reasons: strong Q3 2025 results by Indian IT majors (TCS, Wipro), strong Q3 2025 results announced by Coforge and Persistent Systems on Wednesday, and Positive sentiment around Indian. Prashant Tapse, senior VP of research at Mehta Equities, said IT and pharma companies are untouched by Donald Trump’s protectionist tariff policy.
Following strong Q3FY25 results from large-cap Indian IT companies (tcsWipro, HCL Tech and Infosys), Coforge and Persistent Systems on Wednesday announced strong Q3 2025 results. According to Tapsey, this has started shopping in the IT sector. Regarding Donald Trump’s protectionist tariff policy, the market is hopeful that Indian IT and pharma companies may remain untouched by this trade war as the Indian government has already indicated to cooperate with the US government on its tariff policy.
technical fault
Dave IT shares are on the verge of giving fresh breakout 177. Clearing this hurdle on a closing basis would mean a strong bounce in the near term, said Anshul Jain, head of research, Laxmishree Investments & Securities. Therefore, according to Jain shareholders of Multibagger IT stocks are advised to hold the stock for short-term goals 220 each. However, they have to maintain the trailing stop loss 160. New investors can also buy IT stocks by starting bullish buying at the current market price for the above mentioned short term target. Maintain strict stop loss at 220 160, Jain said
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