{"id":109073,"date":"2023-09-05T18:47:51","date_gmt":"2023-09-05T13:17:51","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=109073"},"modified":"2023-09-05T18:48:41","modified_gmt":"2023-09-05T13:18:41","slug":"smallcap-it-stock-hits-20-upper-circuit-after-it-partners-with-insuremo-check-the-details","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/smallcap-it-stock-hits-20-upper-circuit-after-it-partners-with-insuremo-check-the-details\/","title":{"rendered":"Smallcap IT stock hits 20% upper circuit after it partners with InsureMO; Check the details"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4136189263\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>This micro cap stock hit an upper circuit of 20% in the trading session today after the company announced its strategic partnership with InsureMO to offer PaaS to enterprises.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4081180072\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Share price of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/3IINFOLTD\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">3I Infotech<\/a><\/strong> opened at Rs. 33.74 per piece and gained 20% to hit its upper circuit of Rs. 40.02 per piece. The stock lost 29.19% in the last year but gained a total of 801.35% in the last three years.<\/p><p>On 5 September 2023, the company announced its strategic partnership with InsureMO to start offering PaaS to enterprises through an exchange filing. <\/p><p>Through this partnership, 3i Infotech will be able to increase the scope of the services it provides by adding implementation skills for the InsureMO platform which will modernise and modify the products that insurance providers offer without altering their fundamental solutions.<\/p><div class=\"trade-content_5\" id=\"trade-2749650218\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Comparing its latest financial statements on a QoQ basis, total revenue of Rs. 19.46 crore in Q42023 is increased by 2% to Rs. 194.38 crore in Q1FY24. Its net loss which was Rs. 27.27 crore in Q4FY23 is reduced to Rs. 15.59 crore in Q1FY24. The company maintains a low debt of equity of 0.08. It also maintains a good average ROE for the last three years of 19.56.<\/p><p>3I Infotech Limited is a provider of software solutions and information technology services. The company was established back in 1993. It is headquartered in Mumbai, India with more than 25 years of experience. The company facilitates in three segments which include enterprise services, professional services and digital business services.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Bhumika Khandelwal<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-53105937\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>This micro cap stock hit an upper circuit of 20% in the trading session today after the company announced its strategic partnership with InsureMO to offer PaaS to enterprises. Share price of 3I Infotech opened at Rs. 33.74 per piece and gained 20% to hit its upper circuit of Rs. 40.02 per piece. The stock [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":97245,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[11739,11738,948,936],"class_list":["post-109073","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-3i-infotech-latest-news","tag-3i-infotech-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Smallcap IT stock hits 20% upper circuit after it partners with InsureMO; Check the details - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"This micro cap stock hit an upper circuit of 20% in the trading session today after the company announced its strategic partnership with InsureMO to offer PaaS to enterprises.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/smallcap-it-stock-hits-20-upper-circuit-after-it-partners-with-insuremo-check-the-details\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Smallcap IT stock hits 20% upper circuit after it partners with InsureMO; 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