3I Infotech is currently trading at its upper circuit limit of Rs. 7.25, up by 0.34 points or 4.92% from its previous closing of Rs. 6.91 on the BSE.
The scrip opened at Rs. 7.00 and has touched a high and low of Rs. 7.25 and Rs. 7.00 respectively. So far 4,89,939 shares were traded on the counter.
The BSE group 'T' stock of face value Rs. 10 has touched a 52 week high of Rs. 9.65 on 03-Jan-2013 and a 52 week low of Rs. 3.60 on 07-Aug-2013.
Last one week high and low of the scrip stood at Rs. 7.25 and Rs. 6.17 respectively. The current market cap of the company is Rs. 414.66 crore.
The promoters holding in the company stood at 6.83% while Institutions and Non-Institutions held 55.40% and 37.78% respectively. In a bid to repay at least 20-30 per cent of its debt, 3i Infotech, a midcap software services firm is reportedly planning to sell some of its assets. The company has restructured debt of Rs 1,300 crore, at 14.75 per cent rate of interest. The company had converted the rupee loan into a dollar loan of $215 million at an interest rate of 6.5 per cent plus three-month London interbank offer rate.
3i Infotech is a global Information Technology company committed to Empowering Business Transformation. A comprehensive set of IP based software solutions (20+), coupled with a wide range of IT services, uniquely positions the company to address the dynamic requirements of a variety of industry verticals, predominantly Banking, Insurance, Capital Markets, Asset & Wealth Management.
| Company Name | CMP |
|---|---|
| TCS | 2581.65 |
| Infosys | 1318.60 |
| HCL Tech. | 1442.50 |
| Wipro | 204.35 |
| Tech Mahindra | 1511.85 |
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