Small Cap IT Stock Bags Order Worth Rs 19.34 Crore From Bajaj Electricals, Jumps 1174.90% in 3 Yrs

On Jul 11, 2023, 3i Infotech Limited informed that it has been awarded a contract by Bajaj Electricals Limited. The contract is awarded for Managed Infrastructure Services for End User, DC & Network, Cloud Management & Database Management, IT Application Support, and Roll out Services. The whole contract value is roughly Rs 18.74 Crore spread over five years, including one-time roll-out service fees of approximately Rs 60 lakhs.

3i Infotech Ltd. is a Small cap company operating in the IT sector. The company has a market capitalisation of Rs 547.68 Crore.

Award of contract by Bajaj Electricals Limited

In an exchange filing, 3i Infotech Ltd. said, "We hereby inform you that the Company has been awarded contract by Bajaj Electricals Limited, for Managed Infrastructure Services for End User, DC & Network, Cloud Management & Database Management, IT Application Support, Rollout Services. Total contract value is approximately Rs. 18.74 crore spread across five years, plus one time roll out service fees of approximately Rs. 60 lakhs.

Stock Movement

On Thursday, the stock of 3i Infotech closed 4.13% down at Rs 32.51 per share with an intraday high of Rs 34.14 per share and an intraday low of Rs 32.30 per share on BSE. The stock hit ist 52-week high at Rs 54.20 per share and its 52-week low at Rs 25.93 per share.

The stock declined 4.24% in the past 1 week. It declined 3.62% in the past 1 month, and 19.83% in the past 6 months, respectively. It gave 27.35% negative return in the past 1 year. However, the stock has given 234.81% positive return in 2 years and 1174.90% in 3 years. In the past 5 years, it gave 762.33% positive return.