3i Infotech zooms 7%; Bajaj Corp gains ~1% ahead of Q1FY19 results

There is an extra focus on Bajaj Corp, which had reported a PAT of Rs55.41cr on revenues of Rs221.60cr in the previous quarter.

Jul 13, 2018 08:07 IST India Infoline News Service

Bajaj Corp
Apart from the high-profile and much-awaited results of Infosys later on Friday, consumer goods company Bajaj Corp and IT company 3i Infotech will also declare their first-quarter results in the day.

There is an extra focus on Bajaj Corp, which had reported a PAT of Rs55.41cr on revenues of Rs221.60cr in the previous quarter.

Bajaj is the leader in the light hair oil category and its core brand Almond Drops Hair Oil enjoys a large market share with a premium positioning. The company enjoys a wide distribution network and its products reach 3.9lakh outlets.

The company is currently trading at Rs412.15, down Rs2.95, or 0.71%, from its previous close of Rs415.10 on the BSE.

The scrip opened at Rs421.65 and has touched a high and low of Rs427.30 and Rs418, respectively. So far, 1,41,783 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs6,122.73cr.

Meanwhile, 3i Infotech is a Mumbai-headquartered company with a coverage across regions, including South Asia, Middle-east and Africa, Asia-Pacific, Saudi Arabia, and North America. It mainly provides value-added services like business intelligence and analytics, infrastructure management, testing, and compliance, etc.

3i Infotech share price is currently at Rs3.77, down Rs0.29, or 7.14%, from its previous close of Rs4.06 on the BSE.
The scrip opened at Rs4.06 and has touched a high and low of Rs4.27 and Rs4, respectively. So far, 61,10,454 (NSE+BSE) shares have been traded on the counter. The current market cap of the company is Rs655.91cr.

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