New Zealand-based Lavender Investments raised its stake in the company by 1.2 percent to 5.69 percent by buying 13.6 lakh shares at Rs 240 apiece. It had purchased 49.9 lakh shares (or 4.47 percent stake) of Infotech Enterprises at Rs 165 apiece on May 2013.
Brokerage house Angel Broking has maintained a 'Neutral' rating on Infotech Enterprises in its October 17, 2013 research report.