Multibagger stock under Rs 50: This small-cap company wins a contract worth Rs 7,48,55,282.40!
The stock has a 52-week high of Rs 74.50 and a 52-week low of Rs 29.88.
3i Infotech has won a bid for the "National Competitive Bidding for provision of AMC for servers, storage, network devices, computers, printers, UPS etc. at Kar Bhawan Data Center, Disaster Recovery site at NIC Hyderabad and Remote Offices of the Commissionerate of Taxes, Directorate of Accounts Treasuries and Directorate of Pension", commissioned by the respected Commissioner & Secretary Finance Department & Project Director, ASPIRe, AS-CFMS. The accepted contract value is INR 7,48,55,282.40 or 7.49 crore inclusive of all taxes for a period of 3 years.
Today, shares of 3i Infotech Ltd ended the day lower, down by 0.63 per cent to Rs 30.10 per share with an intraday high of Rs 30.99 and intraday low of Rs 29.90. The stock gave multibagger returns of 114.44 per cent in just 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 507 crore. According to the Quarterly Results (Q3), the company reported excellent numbers.
The stock has a 52-week high of Rs 74.50 and a 52-week low of Rs 29.88. Investors should keep an eye on this multibagger Small-Cap stock.