India's Infibeam Avenues hits 2-year high on entry into capital market, lending tech

Avenuesai

15/12/2023 05:11

** Shares of fintech co Infibeam Avenues  IFIB.NS  up as
much as 7.8% to 24.15 rupees, highest since 19 Oct, 2021
    ** Stock logs second-largest intraday pct climb this month
    ** Co said on Thursday it is entering the capital market and
digital lending tech segments with 49% stake buy in Pirimid
Fintech
    ** Roughly 71 mln shares change hands as of 10:25 a.m. IST,
1.7X the 30-day moving average
    ** Stock up 44% YTD, compared to rival AGS Transact
Technologies'  AGST.NS  50% climb
    ** Stock on track for first yearly climb since 2020

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))