Infibeam Share Price Hits New Life Time High

Infibeam share price hit a new life time high of Rs 1,309.00, up 11 per cent on the National Stock Exchange in intra-day trade, after the board approved issue of warrants to Bennett Coleman and Company on the preferential issue-basis at a conversion price of Rs 1,375 per equity share.

The previous life time high of the share is Rs 1239.95 made on 28th November 2016. The 52 week low as well as the life time low of the share is Rs 432.00, made on 8^th April 2016.

According to a filing by the company on the Bombay Stock Exchange the board of directors of Infibeam Incorporation at their meeting held on Tuesday, 24^thJanuary, 2017 passed the resolution to issue one warrant fully convertible into equity shares for an aggregate amount not exceed Rs 60 crores to body corporate other than promoters and promoter group that is Bennett Coleman and Company on preferential issue basis at a conversion price of Rs 1,375 per equity share or at price determined in accordance with the SEBI regulation.

The relevant date for the purpose of calculating the price of warrant to be issued in terms hereof shall be 22^nd January, 2017, being 30 days prior to the date of the Extraordinary General Meeting scheduled to be held on 22^nd February, 2017, the company further added.

At 1.25 PM Infibeam share price was seen trading at Rs 1,282.00, up by 11.54 per cent or 132.65 points. A total of 5,61,302 shares of the company have been traded on NSE for a total value of Rs 7,163.79 lacs. The 20 days average daily trading volume of Infibeam shares is 3,38,212.

Infibeam is one of the top 500 shares recommended by Dynamic Levels research and analysis team. Get the important support and resistance levels of the share at Infibeam share price forecast.

Infibeam Share Price Zooms Over 5%

Infibeam share price jumped over 5 per cent in today’s trading session on the National Stock Exchange (NSE). The share price opened at Rs 868.00 from a previous closing of Rs 854.55.

Infibeam Inc is one of the leading online retailers in India as well as world and is the fastest growing ecommerce Technology Company. The Company offers cloud based  ecommerce platform service in B2C as well as B2B verticals and is also recognized globally for its innovative approach towards delivering business values and responsive to changing customer needs.

The market cap of Infibeam amounts to Rs 4536.92 crore while the book value stands at 133.07. As of now, Infibeam share price closed above 2.98 per cent at Rs 880.00 on the National Stock Exchange (NSE). The P/E Ratio of the stock is recorded to be 0. The stock has an ADM or Average Daily Movement of 34.30. Its average volume of 20 days stands at 4,97,812 shares.

Dynamic Levels has recommended Infibeam as the top 500 shares based on its strong fundamentals and financials. The stock has proved to be good for investment and Dynamic Levels research analysts and market experts are pretty confident and positive that it has a potential to give good returns in the long run.

So far, the total traded volume stands at 4,61,021 shares with a traded value of Rs 4,040.66 lacs. Today’s trading session, the day’s high of the stock stood at Rs 905.00 while the day’s low read at Rs 852.30. The scrip made its 52-week low of Rs 939.80 on 1st September 2016. The life time high of Infibeam share price is same as its 52 week high on the other hand, the life time low of the stock is same as its 52 week low.

To get more information on the financials and fundamentals of the stock, please visit Infibeam share price history.