1,100 per cent returns: This multibagger small-cap company receives order worth Rs 19.34 crore from Bajaj Electricals Limited!

The stock has a PE of 10.68x whereas the sectoral PE is 36.60x.

3i Infotech Ltd, a global Information Technology company, committed to accelerating business transformation, has been awarded a contract by Bajaj Electricals Limited, for managed infrastructure services for end users, DC & network, cloud management & database management, IT application support and rollout services. The total contract value is approximately Rs 18.74 crore spread across five years, plus one-time roll-out service fees of approximately Rs 60 lakh. Hence, the total contract value stands at Rs 19.34 crore.

Today, shares of 3i Infotech Ltd surged 2.35 per cent to Rs 33.91 per share from its previous closing of Rs 33.13. The stock has a 52-week high of Rs 54.20 and a 52-week low of Rs 25.93. Additionally, the stock gave multibagger returns of over 250 per cent in just 2 years and over 1,100 per cent in 3 years.

3i Infotech is a Global Information Technology Company as a back-office processing company by ICICI Ltd. The company's business activities are divided into two categories viz: IT solutions and transactions. The company has a presence in more than 50 countries.

The company has a market cap of Rs 571.27 crore. According to the annual results (FY23), the net sales increased by 8 per cent to Rs 729 crore in FY23 over FY22. The company reported a net profit of Rs 1 crore in FY23 compared to a net loss of Rs 57 crore in FY22. The shares of the company saw a spurt in volume by more than 1.76 times on BSE.

The stock has a PE of 10.68x whereas the sectoral PE is 36.60x. Investors should keep an eye on this multibagger Small-Cap stock.