Infibeam Incorporation extends rally; stock zooms 54% in four days

The stock hits a new high of Rs 196, up 17% on the BSE, extending its past over 30% rally in past three trading sessions on back of heavy volumes.

Infibeam Incorporation hits a new high of Rs 196, up 17% on the BSE, extending its over 30% rally of the last three trading sessions on the back of heavy volumes.

In the last four trading days, the stock outperformed the market by surging 54% from Rs 127 on October 31, 2017, as compared to 1.4% rise in the S&P BSE Sensex. A combined 19.84 million shares have already changed hands on the counter till 12:00 PM; against its two-week average of sub-12 million shares on the BSE and NSE.

The company is an e-commerce company focused on