3i Infotech gains on partnering with Databricks
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3I Infotech is currently trading at Rs. 39.06, up by 0.14 points or 0.36% from its previous closing of Rs. 38.92 on the BSE.
The scrip opened at Rs. 38.85 and has touched a high and low of Rs. 39.89 and Rs. 38.51 respectively. So far 143179 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 46.35 on 25-Oct-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. 39.89 and Rs. 38.31 respectively. The current market cap of the company is Rs. 663.25 crore
The Institutions and Non-Institutions held 11.00% and 89.01%, stake in the company, respectively.
3i Infotech has entered into a partnership with Databricks, the Data and AI company. The partnership aims to drive business value by unifying data and artificial intelligence (AI) on a single platform. Through this announcement, 3i Infotech with its strong foothold in the BFSI industry across the globe furthers its goals towards becoming the one-stop business solution to provide desired outcomes for Databricks’ cognitive services.
Through 3i Infotech’s strengthened traction and delivery in technology like Application Automation Analytics (AAA), Cloud and Future Tech, this announcement anchors on the inherited value by providing strong capability to the Databricks platform. As a result of the partnership, enterprise organizations will be able to realize the full potential of their data-driven initiatives. Together, 3i Infotech and Databricks Lakehouse will offer a comprehensive solution that accelerates digital transformation, enhances data-driven decision-making, and drives innovation.
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.
