Infibeam Incorporation rose 3.63% to Rs 164 at 12:15 IST on BSE after consolidated net profit rose 146.25% to Rs 30.83 crore on 107.61% rise in net sales to Rs 212.70 crore in Q3 December 2017 over Q3 December 2016.
The result was announced after market hours yesterday, 14 February 2018.Meanwhile, the S&P BSE Sensex was up 225.60 points, or 0.66% to 34,381.55.
On the BSE, 5.60 lakh shares were traded in the counter so far compared with average daily volumes of 14.74 lakh shares in the past one quarter. The stock had hit a high of Rs 167.85 and a low of Rs 161 so far during the day. The stock hit a record high of Rs 195.75 on 6 November 2017. The stock hit a 52-week low of Rs 87 on 25 September 2017.
The stock had outperformed the market over the past 30 days till 14 February 2018, rising 9.82% compared with 1.77% fall in the Sensex. The scrip had underperformed the market in past one quarter, falling 11.79% as against Sensex's 3.17% rise. The scrip had also underperformed the market in past one year, rising 16.27% as against Sensex's 21.31% rise.
The mid-cap company has equity capital of Rs 54.28 crore. Face value per share is Re 1.
Meanwhile, the board of Infibeam Incorporation approved preferential issue of fully convertible warrants, convertible into equivalent number of equity shares, to Network18 Group at a conversion price of Rs 186.91 per equity share, for an aggregate consideration of not exceeding Rs 40 crore.
Infibeam is a leading e-Commerce enabler offering end-to-end e-Commerce services on the internet to small and large merchants, enterprises and government.
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