3i Infotech shares rose 1.61% to ₹17.64 following the announcement of a significant contract win. According to reports from Business Standard, the stock gained on the back of the company's new business development with National Commodity & Derivatives Exchange (NCDEX).
The company secured an order worth ₹14.71 crore from NCDEX for renewal of managed services, onsite facility management services (FMS) and asset management services. As reported by Business Standard, the contract has been awarded for a period of three years from 1 April 2026 to 31 March 2029. The comprehensive scope includes infrastructure management, endpoint support, data centre operations, disaster recovery operations, server administration, database administration, network security administration, network administration, and end-user support services.
According to the company's statement reported by Business Standard, the contract does not qualify as a related-party transaction. The company further clarified that neither its promoters nor promoter-group entities have any interest in the award of the contract, ensuring full compliance with regulatory requirements for independent contract procurement.
The positive stock movement came amid broader market weakness, with IT shares tumbling for the second consecutive session as reported by The Economic Times. The Nifty IT index declined 5.30% to 26,558.25, with major IT stocks including Infosys (down 7.57%), Tata Consultancy Services (down 5.74%), and HCL Technologies (down 4.6%) leading the decline. Market sentiment was weighed down by Accenture's trimmed FY26 revenue growth forecast and concerns over West Asia-related challenges affecting the IT sector.
