3IINFOLTDNSE3i Infotech LimitedMediumPositive
Announced Fri, 10 Apr · 19:52 IST

3i Infotech Limited has informed the Exchange about Bagging/Receiving of orders/contracts

Export Order Hard CurrencyBusiness Updates View source PDF

3IINFOLTD · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve 14 horizons · vs prior close
+7.1%1-day move
₹15.86
prior close
₹15.40
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+1.6+1.9+2.5+3.2+7.1+9.1+11.0+10.7+11.3+11.0+10.0+11.0+11.0+17.8
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AI summary

3i Infotech's wholly owned US subsidiary has bagged a 9-month contract from a leading US-based credit union to set up an Enterprise Application Center of Excellence for Lending & Collections platforms. The engagement covers end-to-end application management, enhancements, and support. The total order value is approximately Rs. 2.76 crore (USD 297,000), exclusive of taxes. The company has voluntarily disclosed this even though the value falls below the materiality threshold under SEBI rules. The client's name has been withheld due to confidentiality obligations.

Likely market impact

The order size is small and not material to overall financials, so limited direct impact on stock price. However, it reinforces the company's presence in the US financial services segment and provides a reference win in the credit union space, which could support future business development.