3i Infotech zooms on bagging contract worth Rs 42.60 crore.
3i Infotech is currently trading at Rs. 35.79, up by 1.95 points or 5.76% from its previous closing of Rs. 33.84 on the BSE.
The scrip opened at Rs. 35.00 and has touched a high and low of Rs. 36.70 and Rs. 34.99 respectively. So far 190626 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. 36.70 and Rs. 33.65 respectively. The current market cap of the company is Rs. 608.33 crore.
The Institutions holding in the company stood at 11.47%, while Non-Institutions held 88.53% stake in the company.
3i Infotech has been awarded contract by one of leading Indian Private Sector Bank, for Managed Services Partner for Data center Domain. Total contract value is around Rs 42.60 crore. The contract is for a period of two years starting from July 1, 2023 to June 30, 2025, with the option to extend the contract with mutual agreement.
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.
