3i Infotech hits upper circuit on strong Q3 results

3i Infotech was locked at 5% upper circuit at Rs 9.17 at 14:41 IST on BSE after consolidated net profit rose 40.55% to Rs 22.77 crore on 3.22% rise in total income to Rs 243.75 crore in Q3 December 2017 over Q2 September 2017.

The announcement was made during market hours today, 12 January 2018. The stock was locked at a 5% upper circuit at Rs 8.74 yesterday, 11 January 2018, ahead of the results.

Meanwhile, the S&P BSE Sensex was up 61.54 points, or 0.18%, to 34,565.03. The S&P BSE Small-Cap index was up 29.23 points, or 0.15%, to 20,013.16, underperforming the Sensex.

Huge volumes were witnessed on the counter. On the BSE, 73.3 lakh shares were traded in the counter so far, compared with average daily volume of 17.59 lakh shares in the past one quarter. The stock had hit a high of Rs 9.17 and a low of Rs 8.51 so far during the day. The stock had hit a 52-week high of Rs 9.27 on 2 January 2018. The stock had hit a 52-week low of Rs 3.60 on 11 August 2017.

The stock had outperformed the market over the past one month till 11 January 2018, jumping 125.26% compared with the Sensex's 3.13% rise. The stock had also outperformed the market over the past one quarter, surging 118.5% as against the Sensex's 8.39% rise. The scrip had also outperformed the market over the past one year, gaining 42.35% as against the Sensex's 27.13% rise.

The small-cap company has an equity capital of Rs 1334.15 crore. Face value per share is Rs 10.

3i Infotech provides software solutions and a wide range of IT services.

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