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As on 13th Dec 2021 INFIBEAM Share Price closed @ 41.80 and we RECOMMEND Strong Sell for LONG-TERM with Stoploss of 54.25 & Strong Sell for SHORT-TERM with Stoploss of 44.06 we also expect STOCK to react on Following IMPORTANT LEVELS….INFIBEAM Share Price.
| IDEA | 15.50 | -5.49\% |
|---|---|---|
| HCC | 18.45 | 6.03\% |
What is infibeam business model?
The Company is India’s leading e-commerce and payment solutions provider to businesses and the government. It is primarily engaged in business of software development services maintenance web development payment gateway services e-commerce and other ancillary services.
Why infibeam avenues share down?
The Sudden Crash The shares of Infibeam Avenues lost 73\% of their value on one single day. This is because the share was being held in huge quantities by derivatives traders as well as arbitrage funds. This made the stock inherently volatile. Most of the positions being taken in this stock had short-term intent.
What does infibeam avenues Ltd do?
We are an Indian multinational Financial Technology Company that offers integrated & scalable digital platforms consisting of Digital Payment Solution under the brand name CCAvenue and Enterprise Software solutions under the brand name BuildaBazaar.
What happened to infibeam?
What is product of infibeam?
Business Solutions Infibeam Avenues Limited provides a comprehensive suite of Fintech solutions and software platform spanning digital payment under the brand name CCAvenue & Enterprise Software Platform under the brand name BuildaBazaar.
Why did infibeam stock crash?
“Some unknown person/institution/group using the WhatsApp platform have attempted to tarnish my company, which has adversely impacted small retail investors of my company, who have paid a heavy price in terms of the erosion of share price,” Infibeam Avenues founder and CEO Vishal Mehta wrote in a letter to the market …
Why did infibeam fall in 2018?
Shares of Infibeam Avenues fell as much as 73 per cent on Friday after a WhatsApp message doing the rounds alleged corporate governance issues in the company. The WhatsApp message, which was attributed to brokerage Equirus, raised questions on the company’s accounting practices.
Unwinding by arbitrage mutual funds, which had bought Infibeam shares and simultaneously sold its stock futures, pushed the stock lower.
What is Infibeam Avenues worth investing in?
Infibeam Avenues was India’s first listed e-commerce firm and became a favourite among investors soon after listing. Since debuting on bourses in April 2016, the stock rose 345 percent in just a little over two years, hitting its all-time high of Rs 228 per share on August 1, 2018.
How many loans has Infibeam given to its subsidiary NSI Infinium global?
According to the company’s 2017-18 annual report, Infibeam has given unsecured, interest-free loans of around Rs 134 crore to its wholly-owned subsidiary NSI Infinium Global Pvt. Ltd, which owns and operates the parent’s flagship portal www.infibeam.com.