India's Infibeam Avenues hits near 2-year high after Bandhan Bank tie-up

Avenuesai

12/12/2023 08:12

** Shares of fintech co Infibeam Avenues Ltd  IFIB.NS  rise
7.8% to 23.4 rupees, hits highest since Jan 31, 2022
    ** Bandhan Bank's  BANH.NS  EMI facilities to be introduced
to over 10 mln merchants via Infibeam's payment gateway brand
CCAvenue 
    ** IFIB has been trading above its 100-day simple moving avg
since Sept 6
    ** Stock on track to gain this year, after two consecutive
years of losses
    ** More than 6 bln shares traded this year, most active year
yet since 2019 - LSEG data
    ** IFIB last up 7.3%, bringing YTD gains to 40.4%; BANH last
up 0.5%

 (Reporting by Meenakshi Maidas in Bengaluru)
 ((meenakshi.maidas@thomsonreuters.com;))