Infibeam Incorporation Ltd
INFIBEAM

1,152.50

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Turnover (lac)
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Day's Vol.(shares)

1,150.40

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Turnover (lac)
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Accumulate
Reco. Price
Rs 1198.00
We recommend an ACCUMULATE on the stock as MOUs signed for e-commerce projects are expected to drive top-line growth. Additionally, Government’s push for cashless economy will boost the revenue further. We see limited upside with premium valuation of 122.8x P/E on FY18E earnings. (Target Price - Rs 1265).
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50 DMA (.)
1,130.76
100 DMA (.)
1,017.53
200 DMA (.)
0.00
Weekly Range (.)
1,140.60
1,177.50
Monthly Range (.)
1,085.00
1,230.40
52 Weeks Range (.)
432.00
1,239.95
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