What happened to infibeam?
In March 2017, Infibeam Avenues acquired DRC Systems India Pvt Ltd, a company which provides software solutions for enterprise E-commerce, ERP and related solutions.
What is the business of infibeam Avenue?
The Company is India's leading e-commerce and payment solutions provider to businesses and the government. It is primarily engaged in business of software development services maintenance web development payment gateway services e-commerce and other ancillary services.
Is infibeam a Fintech company?
Mumbai: Infibeam Avenues, the first fintech company in India to be listed, on Thursday said its net profit for the quarter ended September 2021 (Q2 FY22) grew 53% to Rs 18 crore from Rs 12 crore during the year-ago period mainly on the back of higher number of transactions it processed.
Is Infibeam Avenues a good buy?
Is Infibeam Avenues Ltd a good quality company? Past 10 year's financial track record analysis by Moneyworks4me indicates that Infibeam Avenues Ltd is a below average quality company.
Why did infibeam share crash?
The Sudden Crash
The shares of Infibeam Avenues lost 73% of their value on one single day. This is because the share was being held in huge quantities by derivatives traders as well as arbitrage funds. This made the stock inherently volatile. Most of the positions being taken in this stock had short-term intent.