Infibeam Incorporation surged 15.07% to Rs 192.75 at 14:51 IST on BSE, with the stock hitting record high on the back of recent sharp upsurge.
Meanwhile, the S&P BSE Sensex was up 125.94 points or 0.37% at 33,811.50. The S&P BSE Mid-Cap index advanced 101.24 points or 0.61% at 16,814.35, outperforming the Sensex.
On the BSE, 19.05 lakh shares were traded on the counter so far as against average daily volumes of 8.30 lakh shares in the past one quarter. The stock had hit a high of Rs 195.75 so far during the day, which is a record high. The stock hit a low of Rs 165.35 so far during the day. The stock had hit a 52-week low of Rs 82.51 on 9 November 2016.
The stock had outperformed the market over the past one month till 3 November 2017, advancing 32.46% compared with the Sensex's 6.95% rise. The stock had also outperformed the market over the past one quarter, gaining 19.64% as against the Sensex's 4.49% rise. The scrip had also outperformed the market over the past one year, advancing 72.25% as against the Sensex's 22.8% rise.
The mid-cap company has equity capital of Rs 54.28 crore. Face value per share is Rs 1.
Shares of Infibeam Incorporation have rallied 52.01% in five trading sessions to its ruling market price, from its close of Rs 126.80 on 30 October 2017.
Among recent developments, Amrapali Capital and Finance Services bought 34.35 lakh shares of Infibeam Incorporation at Rs 168.04 per share in a bulk deal on the NSE on Friday, 3 November 2017.
On a consolidated basis, Infibeam Incorporation's net profit surged 105.2% to Rs 19.72 crore on 78.6% growth in net sales to Rs 184.13 crore in Q1 June 2017 over Q1 June 2016.
Infibeam Incorporation is an e-commerce company, focused on developing successful e-commerce platforms and ecosystems.
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