Infibeam Avenues Ltd, which processed transaction worth US$54 billion in FY23, expects to witness an increase in its payment processing business through this strategic investment.
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.
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.