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Infibeam Avenues Ltd corrects further

Capital Market 

Infibeam Avenues Ltd is quoting at Rs 40.15, down 1.59% on the day as on 13:24 IST on the NSE. The stock tumbled 90.57% in last one year as compared to a 6.29% slide in NIFTY and a 2.28% fall in the Nifty IT index.

Infibeam Avenues Ltd dropped for a fifth straight session today. The stock is quoting at Rs 40.15, down 1.59% on the day as on 13:24 IST on the NSE. The benchmark NIFTY is down around 0.59% on the day, quoting at 10853.9. The Sensex is at 36867.62, down 0.52%.Infibeam Avenues Ltd has eased around 2.07% in last one month.Meanwhile, Nifty IT index of which Infibeam Avenues Ltd is a constituent, has increased around 1.15% in last one month and is currently quoting at 15578.15, up 0.6% on the day. The volume in the stock stood at 4.42 lakh shares today, compared to the daily average of 23.35 lakh shares in last one month.

The PE of the stock is 57.39 based on TTM earnings ending June 19.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, August 22 2019. 13:36 IST
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