India's 3i Infotech rises on securing $4.8 mln contract

3i Infotech

27/09/2023 05:07

** Shares of 3i Infotech  TIIN.NS  rise as much as 5.7% to 42.9
rupees, hitting their highest level since Sept. 7
    ** IT firm says it has secured an order from Ujjivan Small
Finance Bank  UJJI.NS  worth 395.5 mln rupees ($4.75 million)   
    ** Order for end-user support services for a period of five
years
    ** More than 1.4 mln shares change hands in early trade,
0.8x the 30-day avg - LSEG Data
    ** Stock currently up 4.2%, pushing YTD gains to 3.8%

($1 = 83.2275 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))