3iInfotech at 5% UC

3iInfotech, which had closed yesterday at Rs.59.35, opened itself today higher at Rs.62.30, hitting the 5% UC where it remained frozen for the day. Its 52-week high is at Rs.119.40.

The market is thrilled with its new order. The company has secured a cloud transformation deal for its NuRe platform from one of the large commercial banks in the Asia-Pacific region.

The deal size is about Rs 6.04 crore.

And last week, the company signed master service agreements (MSAs) with six firms Dhani Loans and Services, Amara Raja Batteries, Aavas Financiers, Erulearning Solutions, Vishal Mega Mart and Rockman Industries, with the starting contract value at Rs 10.58 crore