Shares of Infibeam Avenues have turned volatile on Monday surging over 80% from their record low touched in early morning trade on the BSE on back of heavy volumes.
Infibeam Avenues has moved higher by 20% to Rs 70.55 on the BSE in intra-day, bouncing back 84% from its record low of Rs 38.40 touched in early morning trade today.
The stock plunged 35% in early morning trade today, tanked 82% in past three trading days from Rs 215 on Wednesday, September 26, 2018. Despite today’s gain from its record low, the stock was still down 70% in past three trading days. It hit an all-time high of Rs 243 on September 18, 2018, on the BSE in intra-day trade.
At 10:07 am; the stock was up 14% at Rs 67.10 against its Friday’s close of Rs 58.80. The trading volumes on the counter more than doubled with a combined 70 million equity shares changed on the BSE and NSE.
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