India's 3i Infotech up after HPCL tech contract win

3i Infotech

21/11/2022 04:15

** Shares of 3i Infotech Ltd  TIIN.NS  rise as much as 4.9%
to 44 rupees, marking their biggest intraday gain since Nov. 1
    ** IT co said late on Friday that it has been awarded a
multi-year digital IMS contract of 510 million rupees ($6.23
million)from Hindustan Petroleum Corporation Ltd  HPCL.NS 
 urn:newsml:reuters.com:*:nFWN32E1M4
    ** Contract to manage and support IT infrastructure of HPCL
at its offices and refinery including data centres across India,
 co adds
    ** More than 337,000 shares traded by 0406 GMT, 0.9x their
30-day moving avg of more than 391,000 shares
    ** Up to Friday's close, TIIN had fallen ~55.7% YTD
($1 = 81.8430 Indian rupees)
 (Reporting by Yagnoseni Das in Bengaluru)
 ((yagnoseni.das@thomsonreuters.com; Mobile: +91 6001289066))