India's Infibeam Avenues soars on Q1 profit jump

Avenuesai

02/08/2024 08:55

** Shares of Infibeam Avenues  IFIB.NS  rise 6.1% to 32.9
rupees, their highest since early May 
    ** The fintech firm's Q1 consol profit after tax nearly
tripled to 700.2 mln rupees ($8.4 mln)
    ** Stock was down 1.1% ahead of results
    ** Over 42 mln shares traded vs 30-day avg of 14 mln shares 
    ** Including session's gains, stock is up ~53% YTD 
    



($1 = 83.7375 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))