ALSO READInfibeam Incorporation extends rally; stock zooms 54% in four days Infibeam Incorporation gains as Q2 profit more than doubles BSE-500 underperforms Sensex in last five sessions; 45 stocks tank over 10% 15 stocks that rallied over 10% in a range-bound market Sensex ends flat, Nifty below 9,800; broader markets underperform
The stock of internet software & services recovered 47% from its early morning low of Rs 98.80 on the BSE. 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 Infibeam Incorporation changed hands on the BSE 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, Infibeam Incorporation said in the clarification sought by the BSE on December 29, 2017, with reference to increase in Price.