Infibeam gains on stock-split plan

Infibeam Incorporation rose 1.02% to Rs 1,044.50 at 09:31 IST on BSE after the company scheduled a board meeting on 13 July 2017 to consider stock-split proposal of equity shares.

The announcement was made on Monday, 26 June 2017, when the stock markets were closed for local holiday.

Meanwhile, the S&P BSE Sensex was up 98.39 points, or 0.32%, to 31,236.60. The S&P BSE Mid-Cap index was down 26.72 points, or 0.18%, to 14,557.09.

On the BSE, so far 3,076 shares were traded in the counter, compared with average daily volumes of 1.24 lakh shares in the past one quarter. The stock had hit a high of Rs 1,048.05 and low of Rs 1,039.45 so far during the day. The stock had hit a record high of Rs 1447.55 on 22 February 2017. The stock hit a 52-week low of Rs 431.35 on 8 April 2016.

The mid-cap company has equity capital of Rs 54.28 crore. Face value per share is Rs 10.

On a consolidated basis, net profit of Infibeam Incorporation rose 468.49% to Rs 13.53 crore on 61.22% rise in net sales to Rs 120.51 crore in Q4 March 2017 over Q4 March 2016.

Infibeam Incorporation is an e-commerce company, focused on developing successful e-commerce platforms and ecosystems.

Powered by Capital Market - Live News