India's 3i Infotech rises on 2Q profit

3i Infotech

01/11/2022 07:07

** Shares of 3i Infotech Ltd  TIIN.NS  rise as much as 5.7%
to 46.40 rupees, their highest since Sept. 23
    ** IT co late on Monday reported a consol net profit of
171.1 million rupees ($2.07 million) for the Sept-qtr, compared
with a loss of 230.9 mln rupees a year ago  urn:newsml:reuters.com:*:nFWN31W5MT
    ** Consol total expenses rose 1.4% Y/Y to 2.03 bln rupees
    ** More than 687,000 shares traded as of 0701 GMT, vs 30-day
avg of 393,840 shares
    ** Shares down 53.6% YTD, as of last close
($1 = 82.6930 Indian rupees)
 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))