3i Infotech gained 1.81% to Rs 95.80 at 13:41 IST on BSE after the company said Bank of India has selected the company’s anti money laundering software AMLOCK
The company made this announcement during trading hours today, 21 July 2008.
The stock hit a high of Rs 96 and a low of Rs 92 so far during the day. The stock had a 52-week high of Rs 159.90 on 10 January 2008 and a 52-week low of Rs 84 on 24 March 2008.
The company has an equity capital of Rs 130.67 crore. Face value per share is Rs 10.
The current price of Rs 95.80 discounts its Q4 March 2008 annualised EPS of Rs 11.07, by a PE multiple of 8.65.
In June 2008, 3i Infotech acquired a majority stake of 51% in a Mumbai based IT firm Fineng Solutions with a commitment to acquire remaining stake in two tranches over a period of time.
In May 2008, the company acquired 26% stake in Locuz Enterprise Solutions with a commitment to acquire remaining stake over a period of time.
3i Infotech’s net profit rose 83.40% to Rs 36.13 crore on 2.06% growth in net sales to Rs 104.96 crore in Q4 March 2008 over Q3 December 2007.
The company provides information technology (IT) solutions
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