Infibeam Avenues Limited (IAL) has demonstrated substantial growth in its Q2 FY24 financial results. With a 66 per cent YoY increase in gross revenue, a 70 per cent surge in EBITDA, and a 191 per cent growth in PAT, IAL's success is attributed to its emphasis on small merchants, international expansion, and investments in AI technology, making it a promising player in India's digital payment industry.

Indian frontline indices faced a substantial decline over the last fortnight,

The company has delivered returns of 16 per cent over the past year and stellar returns of 140 per cent over the past 3 years. Moreover, the company has a ROCE of 13.2 per cent and a ROE of 10.1 per cent.