Infibeam Avenues shares fell 8.09 per cent to hit a low of Rs 27.93 on BSE, before recovering some lost ground. The stock was later trading at Rs 28.89, still down 1.73 per cent.
Jio Financial in fact led the turn over chart, followed by HDFC Bank Ltd, ICICI Bank Ltd, Kotak Mahindra Bank Ltd and Tata Consultancy Services Ltd to name a few.
Infibeam Avenues stock gained 6% to Rs 42.50 against the previous close of Rs 40.15 on BSE. Market cap of the firm rose to Rs 11,180 crore.
Infibeam Avenues stock gained 9.54% to Rs 38.45 against the previous close of Rs 35.10 on BSE. Market cap of the firm rose to Rs 10,371 crore.
Infosys, Polycab India Ltd, Tata Consultancy Services Ltd (TCS), Reliance Industries Ltd and Jio Financial Services led the turnover chart, data on most-active stocks suggest.
Infibeam Avenues share price: The counter was trading higher than the 5-day, 10-, 20-, 30-, 50-, 100-, 150- and 200-day simple moving averages (SMAs). The counter's 14-day relative strength index (RSI) came at 70.97. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-equity (P/E) ratio of 33.34 against a price-to-book (P/B) value of 1.65.
Indiabulls Housing Finance will turn ex-dividend today. The HFC had announced a final dividend of Rs 1.25 per share. Monday would also be the record date for the purpose of determining eligible shareholders for dividend.
Hot stocks today: Benchmark indices were trading lower in early deals today (September 12). NIIT, Adani Power, Texmaco Rail, Infibeam Avenues, Cochin Shipyard among hot stocks on Tuesday.
Adani Transmission, Tata Steel, Varun Beverages, Easy Trip Planners, Tejas Networks, Balaji Amines, LIC Housing Finance and Muthoot Finance will announce their December quarter results later today.
Infibeam Avenues share price: At today's high level of Rs 16.15, Infibeam Avenues has gained 29.20 per cent compared to its 52-week low of Rs 12.50, hit in May this year. That said, the stock has lost 32.93 per cent from its one-year high level of Rs 97.30, hit in January 2022.
Infibeam Avenues shares have gained nearly 42 per cent in the last three sessions. The stock which closed at Rs Rs 14.26 on October 25 hit an intraday high of Rs 20.22 today, amounting to a gain of 41.79 per cent.