3i Infotech zooms on bagging work order worth Rs 32.70 crore
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3i Infotech is currently trading at Rs. 58.62, up by 3.02 points or 5.43% from its previous closing of Rs. 55.60 on the BSE.
The scrip opened at Rs. 56.03 and has touched a high and low of Rs. 60.95 and Rs. 56.03 respectively. So far 1087607 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 60.95 on 23-Jan-2024 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. 60.95 and Rs. 51.46 respectively. The current market cap of the company is Rs. 1018.34 crore.
The Institutions holding in the company stood at 10.90%, while Non-Institutions held 89.09% in the company.
3i Infotech has been awarded work order by M/s Concept Communications on behalf of Bharat Petroleum Corporation (BPCL) as a primary sponsorship of its Digital Ad inventory on company’s captive portal and Piponet, to increase unique users for free Wi-Fi usage across 6105 plus stations by awareness campaign and branding. The Digital Ad inventory deployment on Captive Portal and Piponet along with branding activities will be executed by the company’s subsidiary namely Nure Bharat Network. The total contract value is around Rs 32.70 crore plus applicable taxes. The contract is for a period of 27 months starting from February 1, 2024.
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.
