Infibeam Avenues surges on planning to raise funds

Infibeam Avenues is currently trading at Rs. 15.99, up by 0.93 points or 6.18% from its previous closing of Rs. 15.06 on the BSE.

infibeam avenues inks mou with alrowad information technology solutions
infibeam avenues inks mou with alrowad information technology solutions

The scrip opened at Rs. 15.20 and has touched a high and low of Rs. 16.45 and Rs. 15.20 respectively. So far 1474991 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 26.50 on 18-Oct-2021 and a 52 week low of Rs. 12.50 on 11-May-2022.

Last one week high and low of the scrip stood at Rs. 16.45 and Rs. 14.45 respectively. The current market cap of the company is Rs. 4280.04 crore.

The promoters holding in the company stood at 30.64%, while Institutions and Non-Institutions held 7.12% and 62.24% respectively.

Infibeam Avenues is planning for raising funds through any permissible mode and/ or combination thereof and other business items, if any. The Meeting of the Board of Directors of the Company is scheduled to be held on August 25, 2022 to consider and approve the same.

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