Infibeam Avenues share price: Infibeam Avenues shares have risen 100% in a year. Due to this, investors have got multibagger profits. According to market analysts, this stock may rise further in the coming days. Brokerage company KR Choksi Shares and Securities Pvt Ltd has set a target price of ₹37.6 on the stock of Infibeam Avenues and has recommended buy. Let us tell you that today on Monday the shares of the company closed at Rs 31.84.
What is the brokerage’s opinion?
According to Ruchit Jain, Lead Research Analyst at 5paisa, the near-term trend for the stock is sideways, but it has support in the range of ₹27-25. The stock may continue to trade sideways, with resistance seen around ₹36. Infibeam Avenues reported mixed fourth-quarter results, with disappointing but better-than-expected profits, according to a research report by KRChockey Shares & Securities. Revenue grew 11.4% YoY to ₹726.9 crore, led by a strong growth in transaction processing value (TPV) to ₹226,600 crore (+53.0% YoY) in Q4FY24, with an improvement in net take rate from 9.0 bps to 9.2 bps.
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condition of shares
The company’s shares have climbed 46% in the last six months. This year so far this stock has risen 45% in YTD and almost 100% in the last one year. A year ago the price of this share was Rs 16. This stock has given returns of up to 190% in the last five months. Its 52 week high price is Rs 42.50 and 52 week low price is Rs 13.70. The market cap of the company is Rs 8,871.80 crore.
