Infomedia 18 shares rise beyond 8 percent

Bangalore: Infomedia 18 stock was among the top gainers after its price went up beyond 8 percent. After opening the day at Rs. 28.10, the stock touched its 52 week high of Rs. 64.19, before closing trade at Rs. 28.10, with a gain of 8.01 percent. Through the day, 829908 Infomedia 18 were traded in the market. The 52 week stock price chart is on the left.

Infomedia 18, formerly Infomedia India, is a diversified printing and publishing company with a presence in business and consumer directories. The Company also operates in the special interest publication segment in which it publishes 17 special interest publications. It also provides printing solutions and is engaged in the publishing outsourcing business. The Infomedia Yellow Pages provides information on a range of products and services ranging from manufacturing industries to retailer showrooms, on an annual basis. In June 2008, the Company acquired the Ask Me brand name.

Independent estimates peg the size of the rapidly growing publishing outsourcing vertical in India to be at an estimated growth rate of 35 percent. Infomedia18 is one of the subsidiaries of Network18 along with TV18 and IBN18.