Infibeam Avenues share price jumps 6% to hit 52-week high on ₹2,000 crore MOU with Gujarat government

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Infibeam Avenues share price jumped over 6% to touch a 52-week high following the announcement that it had inked a ₹2,000 crore Memorandum of Understanding (MOU) with the Gujarat government at the Vibrant Gujarat Global Summit 2024. Infibeam Avenues share price today opened at ₹24.38 apiece on BSE.

Infibeam Avenues stock price touched an intraday high of ₹25.52 and an intraday low of ₹24.25. According to Ruchit Jain, lead research analyst at 5paisa, the short-term momentum for the Infibeam Avenues stock is positive, as good volumes have been noticed along with the recent price upmove.

Also Read: Manappuram Finance shed over 7% as SEBI put arm Asirvad Microfinance IPO in abeyance The Infibeam Avenues Ltd share price can continue its upmove towards ₹27–28 in the short term and up to ₹32 in the medium term. The support is placed around ₹21, according to Jain.