India's Infibeam Avenues rises on quarterly profit jump

Avenuesai

06/02/2023 07:20

** Shares of Infibeam Avenues Ltd  IFIB.NS  up as much as
7.5% to 17.3 rupees, their biggest intraday pct gain since Jan.
31
    ** The financial technology co on Monday reported a 43%
surge in quarterly profit to 358.1 million rupees ($4.34
million)
    ** Income from operations rose by 4.5% to 4.15 billion
rupees
    ** More than 1.6 million shares change hands by 12:46 p.m.
IST vs 1.1x 30-day avg of 1.5 million shares
    ** Stock down 17.4% as of 2022
($1 = 82.4450 Indian rupees)
 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))