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Infibeam Avenues gains on signing MoU with EDII

AvenuesAI Ltd. | Fintech | IT & ITES | BSE: 539807 | NSE: CCAVENUE

24 Jun 2024 Evaluate

Infibeam Avenues is currently trading at Rs. 31.89, up by 0.10 points or 0.31% from its previous closing of Rs. 31.79 on the BSE.

The scrip opened at Rs. 31.74 and has touched a high and low of Rs. 32.32 and Rs. 31.57 respectively. So far 781551 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 42.50 on 11-Mar-2024 and a 52 week low of Rs. 13.70 on 18-Aug-2023.

Last one week high and low of the scrip stood at Rs. 33.22 and Rs. 31.01 respectively. The current market cap of the company is Rs. 8902.41 crore.

The promoters holding in the company stood at 27.43%, while Institutions and Non-Institutions held 7.59% and 65.00% respectively.

Infibeam Avenues has signed a Memorandum of Understanding (MoU) with the prestigious Entrepreneurship Development Institute of India (EDII), Ahmedabad, aimed at fostering AI adoption among enterprises, start-ups, and MSMEs.

As part of the MoU, Infibeam Avenues has successfully implemented and deployed its THEIA Platform, an advanced video AI Developer Platform, at the Entrepreneurship Development Institute of India (EDII) campus in Gandhinagar. This deployment will provide EDII’s students and entrepreneurs with cutting-edge tools to develop their own AI products using the THEIA platform, thereby enhancing business efficiency and capabilities.

Infibeam has deployed its recently developed Artificial Intelligence (AI) facility management product, 'AI Facility Manager', at the EDII campus. In the initial phase, 'AI Facility Manager' will collate various datasets along with visual data from campus CCTVs, facilitating the monitoring of authorized and unauthorized entries or exits. Over time, 'AI Facility Manager' will expand to include security management, resource management, occupancy or space monitoring, workforce compliance, energy management, concierge services, cost management, and risk management at the institute’s campus.

Infibeam Avenues is engaged in providing online retail services.

AvenuesAI Share Price

15.22 -0.15 (-0.98%)

17-Apr-2026 16:59 View Price Chart

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One97 Communications	1161.75
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Infibeam Avenues gains on signing MoU with EDII

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