Infomedia 18 jumps 9% on huge volumes

Infomedia 18 has gained 9% in noon trades on the back of huge volumes on the BSE.

The stock slumped to a new low of Rs 13.75 in morning trades, after opening at Rs 14.10. However, it managed to gain strength and advanced 9.6% to Rs 16. The counter has witnessed heavy volumes of 6.49 million shares so far, as against a two week daily traded average of 701,000 shares.

However, the stock is still 59% away from its high of Rs 39.