3i infotech shares gain nearly 9% on order win worth Rs 42.6 crore

The share touched a 52-week high of Rs 54.20 and a 52-week low of Rs 25.93 on September 12, 2022 and March 28, 2023, respectively.

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3i infotech share price gained nearly 9 percent in the early trade on June 20 as company won an order worth Rs 42.6 crore from a private sector bank. The company has received contract to manage a services partner for its data center domain.

The total contract value is Rs 42.60 crore and 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.

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Last week, the company’s subsidiary NuRe FutureTech signed a Memorandum of Understanding (MoU) with the the department of Computer Science at SRM Valliammai Engineering College, Chennai. This partnership aims to establish a path-breaking AI Lab within the institute’s campus.

At 09:30 hrs 3i Infotech was quoting at Rs 36.51, up Rs 2.67, or 7.89 percent on the BSE.

The share touched a 52-week high of Rs 54.20 and a 52-week low of Rs 25.93 on 12 September, 2022 and 28 March, 2023, respectively.

Currently, it is trading 32.64 percent below its 52-week high and 40.8 percent above its 52-week low.

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