The stock gained 7.11 per cent to Rs 296 after the board decision and hit its lifetime high of Rs 301 during intra-day trades on Friday. The stock has appreciated by 27 per cent from the week-ago close of Rs 233.60 a week ago. |
Last month, the company tied up with Oracle to develop a Technology Centre of Excellence for insurance in Chennai. |
Through this partnership, Oracle and 3i Infotech will empower insurers by offering cutting-edge architecture-based technological tools featuring Oracle E-Business Suite, combined with the company's global insurance solution - Premia. |