Infibeam tumbles over 35%

India Infoline News Service | Mumbai | September 25, 2017 10:27 IST

Infibeam Corporation has caught an eye of investors as the stock has slipped by more than 35% during the early trade on Monday. The stock touched its intraday low of Rs 90.75 per share, down by nearly 37% as of 1017 hours.

Infibeam Corporation has caught an eye of investors as the stock has slipped by more than 35% during the early trade on Monday. The stock touched its intraday low of Rs 90.75 per share, down by nearly 37% as of 1017 hours.
 
The futures contracts of the stock are banned for the trading session of Monday. Only intraday positions can be taken in stocks which are in Futures & Options ban. There will be a penalty in the case of a rollover.
 
The stock attracted the total traded volume of 83,06,759 shares and traded value of Rs 90.07 crore on NSE. The stock has been in the downward trend during Monday’s morning trade.
 
Meanwhile, Nifty was trading at 9,849 level, down by 114 points while Sensex has slipped down by 309 points at 31,613 level as of 1025 hours. There were 136 advances, 1,473 declines and 359 unchanged stocks on NSE reflecting strong negative sentiments floating in the market.
 
Infibeam Incorporation Limited is engaged in providing software development services, maintenance, Web development, e-commerce and other ancillary services. The company's segments include sale of products, and sale of software and ecommerce related ancillary services. Its online selling solutions include BuildaBazaar and Infibeam.com.

***Note: This is a NSE Chart

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