Infibeam Incorporation

The RBI allowed another window to PAs existing as of March 2020 to apply to the central bank for a license

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

In the month of November, the stock rallied 39% as compared to 1% decline in the S&P BSE Sensex till Tuesday

The stock hits a new high of Rs 196, up 17% on the BSE, extending its past over 30% rally in past three trading sessions on back of heavy volumes.

The stock dipped 4.5% to Rs 1,120 on BSE extending its 16% fall in past four trading days.

The stock hit a new high of Rs 1,267, up 10% on the BSE in intra-day trade.

In past five trading sessions, the stock outperformed the market by 23% as compared to 3.6% decline in Sensex.

Total revenue of Infibeam also increases 22% on a year-on-year basis

The company claimed that it has turned cash positive and reported an operating cash inflow of more than Rs 23 crore

On the BSE, the stock opened at Rs 458, a 6% premium against its issue price of Rs 432 per share.