Skip to main content

3i Infotech hardens on Chinese JV

3i Infotech surged 5.13% to Rs 124 at 12:07 IST on BSE, after the company said it has signed a non-binding memorandum of understanding with Yucheng Technologies, China to set up a 51:49 joint venture.

The company made this announcement during market hours today, 19 February 2008.

Meanwhile, BSE Sensex was up 212.29 points or 1.18% to 18,260.34, tracking firm Asian markets.

On BSE, 42,924 shares were traded in the counter. The scrip had an average daily volume of 2.02 lakh shares in the past one quarter.

The stock hit a high of Rs 124.45 and a low of Rs 119 so far during the day. The stock had a 52-week high of Rs 164.50 on 17 May 2007 and a 52-week low of Rs 85 on 22 January 2008.

The mid-cap scrip had underperformed the market over the past one month till 18 February 2008, declining 10.34% compared to the Sensex's decline of 5.08%. It had also underperformed the market in the past one quarter, declining 11.75% compared to Sensex's decline of 6.39%.

The company's current equity is Rs 130.41 crore. Face value per share is Rs 10.

The current price of Rs 124 discounts its Q3 December 2007 annualized EPS of Rs 6.04, by a PE multiple of 20.53.

Vucheng Technologies headquartered in Beijing, China, is a Nasdaq listed company with more than 1,700 employees. Yucheng provides a comprehensive suite of information technology (IT) solutions and services to Chinese banks.

In December 2007, 3i Infotech acquired a majority stake in Linear Financial & Management Systems, a Delhi based business process outsourcing company.

On 20 November 2007, the company launched its first international data centre (IDC), which will offer managed hosting services for application and disaster recovery solutions.

In October 2007, the company acquired US-based J&B Software and its subsidiaries for $25.25 million (around Rs 100 crore).

3i Infotech's net profit declined 15.12% to Rs 19.7 crore on 14.77% fall in net sales to Rs 102.84 crore in Q3 December 2007 over Q2 September 2007.

The company provides IT solutions.

Popular posts from this blog

Bio-fuel has top investors powered up

23RD ,JUNE India's fortune-hunters believe their new-found love for biofuel will pay off. India's well-known investors who are known for their Midas touch have spotted an opportunity in bio-fuel, betting big on ethanol, bio-mass and even bio-fuel equipment makers in India and other parts of the globe. Billionaires Rakesh Jhunjhunwala, C Sivasankaran, Vinod Khosla, founder of Sun Microsystems, and Nemish Shah, the media-shy joint partner of Enam Financial Services, are investing in bio-fuel makers quietly, expecting that bio-fuel will have a big play in the coming years as the world looks for a viable alternative to the fast depleting oil reserves. Jhunjhunwala, who is known for his ability to spot a multi-bagger at a very early stage, recently invested in Hyderabad-based bio-fuel firm Nandan Biometrics.He is also a 10 per cent stakeholder in Praj Industries, which is a bio-fuel technology provider…

up to 8,500% return in 5 years! Investors made a killing in these 30 smallcap stocks

U By Rahul Oberoi, ETMarkets.com | Updated: Dec 01, 2017, 04.06 PM IST Post a Comment
Efficiency pays in the long run. Among the top smallcap plays on Dalal Street, 30 companies with stable return on equity (RoE) and return on capital employed (RoCE) have surged up to 8,500 per cent over the past five years.

All these companies had a debt-to-equity ratio of less than 1 and have been maintaining RoE and RoCE of over 20 per cent since 2012-13.

Avanti Feeds emerged the chart topper, with an 8,527 per cent gain to Rs 2,596.60 as of November 28 from Rs 30.10 ..


ovember 28 from Rs 30.10 on November 27, 2012. The company’s return on equity for FY17, FY16, FY15, FY14 and FY13 stood at 42.65 per cent, 46.21 per cent, 52.41 per cent, 45.79 per cent and 27.60 per cent, respectively. Avanti also managed to achieve a return on capital employed of over 50 per cent in last four years. Its RoCE stood at 28.59 per cent inRoE measures net income earned for every rupee of shareholder funds, while…

5 dark-horse picks

Kwadrat/shutterstock.com Kwadrat/shutterstock.com
If you are a conservative investor, using the mutual fund route is the best way to invest in stocks. But if you are game for some excitement, you might want to dabble directly in stocks, especially small-cap stocks. Stocks that are smaller in size, in terms of market capitalisation, carry higher risk. The reasons are — one, lower traded volume increases price volatility, two, information is usually scarce on these companies, three, business risk is higher since many of these companies are dependent on a single product and four, governance risk is also higher in these stocks. That said, small-cap stocks have the capacity to deliver far greater returns when compared to large-cap stocks. Sample this: there were 16 stocks with market cap more than ₹50,000 crore in January 2009. These stocks delivered an average return of 138 per cent in the last eight years but 4 out of every 10 stocks in this group delivered negative returns. On the ot…