On mid term charts, IRB Infrastructure is moving in an uptrend since March 2020. The stock has seen expansion in volumes with every price rise indicating participation in the counter. The stock has formed a CIP formation (Change in Polarity) at Rs 190 level and the stock is currently bouncing off the same levels.
KR Choksey is bullish on Infibeam Avenues has recommended buy rating on the stock with a target price of Rs 28 in its research report dated May 11, 2022.
Venture capital fund Season Two Ventures will get an exit through the deal, as per a statement.
The 'Fintech Startup Management' space is a very recent emerging business model and is at a very nascent stage, where the startups are provided with capital-intensive & complex tech & software infrastructure, software tools (licensed and free versions) and other resources, almost in a plug-and-play mode. Thus, startups can focus their energy on their core business .
KR Choksey is bullish on Infibeam Avenues has recommended buy rating on the stock with a target price of Rs 86 in its research report dated February 04, 2022.
The company, which had reported a net profit of Rs 13 crore in the year-ago period, has also announced the acquisition of UVIK Technologies.
Trade Spotlight | Here's what Mazhar Mohammad of Chartviewindia.in recommends investors should do with these stocks when the market resumes trading today
Net sales came in at Rs 311 crore in the September quarter, up 102.07 percent from Rs 153.90 crore in the year-ago period
The orders come after the four applicants filed settlement application with Sebi proposing to settle the case 'without admitting or denying the findings of fact and conclusions of law, through a settlement order.'
Net Sales are expected to increase by 6.9 percent Q-o-Q (up 78.1 percent Y-o-Y) to Rs 242.1 crore, according to KRChoksey.
Infibeam Avenues received approval from National Company Law Tribunal (NCLT) on November 27, 2020, to demerge its theme park & events business to DRC Systems, which came into existence in 2012.
The company's consolidated income from operations grew 47 percent to Rs 227.8 crore in the quarter under review from Rs 155.4 crore in the year-ago period.
KR Choksey is bullish on Infibeam Avenues has recommended buy rating on the stock with a target price of Rs 105 in its research report dated November 13, 2020.