CC Avenues up almost 8%
Listed as CC Avenues among the top five gainers on the BSE, traded as AvenuesAI and formerly known as Infibeam Avenues, the stock is in the limelight today. Rising almost 8% to Rs. 17.10, up Rs. 1.22 from the previous close of Rs. 15.88, the stock opened at Rs. 15.92 and touched an intraday high of Rs. 17.25. Market depth showed buy quantity of 11,87,977 against sell quantity of 10,27,455, indicating stronger buying interest on the counter.
Trigger
- The stock is seeing buying interest after a recent correction from its 52-week high of Rs. 20.50.
- Investors are focusing on the company’s strategic shift towards digital lending distribution.
- The company has exposure to Online PSB Loans and NBFC firm Ratnaafin.
- The lending distribution strategy can help the company monetise merchant and transaction data.
- The model gives exposure to digital credit without taking large balance-sheet risk.
- Buying interest is also supported by expectations of stronger growth from payments, fintech and AI-led digital commerce verticals.
- The stock trades at a consolidated PE of around 20 times, which may be attracting value buyers after the correction.
The market is reacting to AvenuesAI as a fintech-platform story rather than only a payments company. The key attraction is its shift towards lending distribution, where the company can use its digital payments ecosystem, merchant relationships and transaction intelligence to originate or distribute credit products.
The investments in Online PSB Loans and Ratnaafin also support this direction. They give the company exposure to the digital credit ecosystem at a time when MSME lending, embedded finance and data-led underwriting are becoming important growth areas in Indian fintech.
The rally also appears to be a rebound trade. The stock had corrected from its 52-week high of Rs. 20.50, and buyers seem to be using the sub-Rs. 20 zone to accumulate the counter. Strong market depth suggests the move is being supported by active buying, not just a thin-volume uptick.