3i Infotech shines on bagging contract worth Rs 18.74 crore
3I Infotech is currently trading at Rs. 33.49, up by 0.36 points or 1.09% from its previous closing of Rs. 33.13 on the BSE.
The scrip opened at Rs. 34.24 and has touched a high and low of Rs. 34.24 and Rs. 33.41 respectively. So far 42125 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 54.20 on 12-Sep-2022 and a 52 week low of Rs. 25.93 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 34.72 and Rs. 32.74 respectively. The current market cap of the company is Rs. 567.06 crore.
The Institutions and Non-Institutions held 11.47% and 88.53% stake respectively in the company.
3i Infotech has been awarded contract by Bajaj Electricals for Managed Infrastructure Services for End User, DC & Network, Cloud Management & Database Management, IT Application Support, and Rollout Services. Total contract value is around Rs 18.74 crore spread across five years, plus one time roll out service fees of around Rs 60 lakh. The contract is for a period of five years.
3i Infotech is a global Information Technology company which provides technology solutions to over 1500 customers in more than 50 countries across 5 continents, spanning a range of verticals.
