• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Cross Currency

• Rates
  
  

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources
• In Focus
• In Depth

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

The stock of 3i Infotech has gained almost 19 per cent over the past month and in a very volatile market. 3i Infotech is an IT company providing solutions primarily to the banking, software and financial services industry.

The company's healthy order book of Rs 266 crore and its plans to venture into newer markets is said to be driving interest in the counter. The company is looking to ramp up its client base by venturing into West Asia, Eastern Europe, Africa, CIS, etc. According to analysts, the company has said in its guidance that it expects to achieve revenue growth of 25-30 per cent for 2006-07. EPS is expected to be Rs 13-13.5. The company is reportedly targeting a 50:50 revenue mix from its products and services business in order to insulate itself against cyclical downturn in any business segment.

On Thursday, the counter closed at Rs 148.10, marginally weak on the BSE. A total of 1,02,968 shares were traded.

Deeptha Rajkumar

More Stories on : Stock Markets | Stocks | Ear to the ground | Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Agrarian distress

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line