/ Infibeam Enters Into Agreement With Sears Holding Management Corp. ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 9 December 2016

Infibeam Incorporation Limited has executed an agreement with Sears Holdings Management Corporation, an American Holding Company and the owner of retail store brands like Sears and Kmart etc., to provide online e-commerce platform services including advanced machine learning algorithms for enabling automated Products Classification at Sears Marketplace.

Sears is a leading integrated retailer focused on seamlessly connecting digital and physical shopping experience. As of FY16, Sears reported revenues of more than US$25bn, operating with more than 1500 stores. It operates through its subsidiaries including Sears, Roebuck & Co. and Kmart Corporation with full line and specialty retail stores across United States and Canada.

Infibeam Incorporation Ltd is currently trading at Rs 1149.1, down by Rs 2.95 or 0.26% from its previous closing of Rs 1152.05 on the BSE. The scrip opened at Rs 1150.05 and has touched a high and low of Rs 1179 and Rs 1135.05 respectively. So far 326327(NSE+BSE) shares were traded on the counter. The current market cap of the company is Rs 6147.59 crore.

The BSE group 'B' stock of face value Rs 10 has touched a 52 week high of Rs 1240 on 28-Nov-2016 and a 52 week low of Rs 431.35 on 08-Apr-2016. Last one week high and low of the scrip stood at Rs 1186 and Rs 1121.1 respectively.

The promoters holding in the company stood at 45.29 % while Institutions and Non-Institutions held 9.89 % and 44.82 % respectively. The stock is currently trading above its 50 DMA.
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