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Infibeam Incorporation rebounds 47% from intra-day lows; stock down 12%

The stock was trading 12% lower at Rs 144.80 at 02:02 PM, bouncing back 47% from its early morning low of Rs 98.80 on the BSE

SI Reporter  |  Mumbai 

Infibeam Incorporation rebounds 47% from intra-day lows; stock down 12%

Shares of turned volatile trading 12% lower at Rs 144.80 on Friday at 02:12 PM; on back of heavy volumes. The stock of internet software & services recovered 47% from its early morning low of Rs 98.80 on the It was closed at Rs 165 on Thursday. The trading volumes on the counter were jumped by more than eight-fold today.

A combined 115 million shares representing 21% of total equity of changed hands on the and NSE so far. There is no pending information or announcement from the company which may have a bearing on the price behavior in the scrip, said in the clarification sought by the on December 29, 2017, with reference to increase in Price.

First Published: Fri, December 29 2017. 14:11 IST
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