Infibeam Incorporation spurts on bargain hunting

Infibeam Incorporation rose 4.10% to Rs 124.50 at 9:37 IST on BSE on bargain hunting after a recent slide.

Meanwhile, the S&P BSE Sensex was down 39.89 points, or 0.13% to 31,586.74.

On the BSE, 2.13 lakh shares were traded in the counter so far, compared with average daily volumes of 12.14 lakh shares in the past one quarter. The stock had hit a high of Rs 126.30 and a low of Rs 120.20 so far during the day.

Shares of Infibeam Incorporation fell 24.73% in five trading sessions to settle at Rs 119.60 yesterday, 25 September 2017, from its close of Rs 158.9 on 18 September 2017.

On a consolidated basis, net profit of Infibeam Incorporation rose 105.20% to Rs 19.72 crore on 78.59% rise in net sales to Rs 184.13 crore in Q1 June 2017 over Q1 June 2016.

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

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