Infibeam Incorporation Ltd
INFIBEAM

1,198.00

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

1,197.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 1403.00
We recommend 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. However, we see limited upside with stock trading at premium valuation of 143.8x P/E on FY18E earnings. (Target Price - Rs.1487).
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50 DMA (.)
1,322.64
100 DMA (.)
1,217.92
200 DMA (.)
1,004.62
Weekly Range (.)
1,111.15
1,400.00
Monthly Range (.)
1,111.15
1,428.00
52 Weeks Range (.)
432.00
1,448.80
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