Infibeam crash of 71% in a single day is the second biggest fall in the history of Indian Stock Market after the Satyam that fell by more than 80% in one day. Since Infibeam is a derivative or Futures & Options stock, therefore, there is NO Upper or Lower circuit in the stock.

Infibeam crash also set a record of 52 weeks high and 52 weeks low by a stock within a span of 10 days. Now Infibeam crash is caused by one social media message on WhatsApp that triggered this downfall.

It is believed that this message was shared by one of the brokerages to its select client and it raised some serious concerns on the accounting practices of the company. It mentioned that Infibeam has disbursed an interest free loan to one of its subsidiary that has negative net assets or net worth. Infibeam clarified that this loan is given for short term and it will be repayable on demand basis. It also clarified that net assets or net worth of the subsidiary is due to the nature of the business and the financials are improving.

This information created panic among investors and traders especially those who borrowed money cut their positions in Infibeam stock. It is highly volatile stock and has shown a movement of around 20% thrice since listing & movement of 40% was also observed three times. Therefore, Infibeam crash is not surprising as it is highly volatile stock.

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