Infibeam Avenues’ board approves listing of digital arm Odigma Consultancy Solutions; shareholders to receive one equity share of Odigma for 89 fully paid-up equity shares of IAL; CEO Mathew Jose to continue post-listing; Q1 PAT up 13% to ₹Rs 25 cr, revenue up 77% to ₹742 cr.

“Infibeam Avenues Approves Listing of Digital Arm Odigma Consultancy Solutions - Receive 1 Equity Share of Odigma for 89 IAL Shares”

The deal will take Infibeams stake in Fable to 41% and make it an associate company to the payments solutions provider.

Infibeam Avenues ups stake in Fable Fintech, sees PAT growth in Q1

Odigma Consultancy Solutions is into content, web development, social media management, email marketing and search engine optimisation

Infibeam Avenue gain 2% after announcing listing of subsidiary

Amara Raja Batteries, Eureka Forbes, and Infibeam Avenues have shown Doji and Near Doji patterns, indicating market indecision. Amara Raja Batteries may experience a trend reversal, while investors examining Eureka Forbes should consider financials and market conditions. Infibeam Avenues has potenti…

Amara Raja Batteries, Eureka Forbes and Infibeam Avenues form Doji. What does this tell about stocks?

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 30, 2023.

Buy Infibeam Avenues; target of Rs 28: KR Choksey

On a consolidated basis, the company’s profit after tax for the quarter ended March 31, 2023 stood at ₹38 crore

Infibeam Avenues Q4 standalone net profit jumps by 42%

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In 2018, Infibeam Avenues Ltd. acquired UAE-based Vavian International Ltd., an online digital payment processing company, for AED 4.32 million. And since 2020, Avenues World FZ LLC, based in the UAE, has operated as a subsidiary of Vavian International Ltd.

Infibeam looks to raise up to $50 million by listing UAE step-down arm

BillAvenue is a unified inter-operable online bill payments platform built on the Bharat BillPay infrastructure targets 5 million agents by 2025

Infibeam’s BillAvenue adds 1 million agents; targets reaching 5 million agents by 2025

KR Choksey is bullish on Infibeam Avenues has recommended buy rating on the stock with a target price of Rs 22 in its research report dated February 21, 2023.

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Infibeam Avenues is engaged in providing software development services, maintenance, Web development, e-commerce and other ancillary services