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YES Securities is bullish on Indiamart has recommended buy rating on the stock with a target price of Rs 3950 in its research report dated August 24 2023.

Buy Indiamart; target of Rs 3950: YES Securities

IndiaMART said that the buyback, which will open on August 31 and close on September 6, won't significantly impact profits.

IndiaMART shares flat after Rs 500 crore buyback offer details revealed

HDFC Securities is bullish on IndiaMART InterMESH has recommended buy rating on the stock with a target price of Rs 3370 in its research report dated July 21, 2023.

Buy IndiaMART InterMESH; target of Rs 3370: HDFC Securities

Motilal Oswal is bullish on IndiaMART recommended buy rating on the stock with a target price of Rs 3640 in its research report dated July 22, 2023.

Buy IndiaMART; target of Rs 3640: Motilal Oswal

Indiamart Inter Consolidated June 2023 Net Sales at Rs 282.10 crore, up 25.61% Y-o-Y

Indiamart Inter Standalone June 2023 Net Sales at Rs 267.60 crore, up 25.45% Y-o-Y

The company has received board approval for share buyback of up to Rs 500 crore at a price of Rs 4,000 per share.

Indiamart Intermesh shares hit 52-week high on better earnings, buyback plan

The buyback comes at a time when the Noida-based company saw its net profit jump 77 percent to Rs 83 crore in Q1FY24 from Rs 47 crore in Q1FY23,

IndiaMART board approves share buyback of Rs 500 crore

During the same period, the company’s revenue rose 25 percent from Rs 225 crore in Q1FY23 to Rs 282 crore in the three months to June.

IndiaMART Q1 profit jumps 77  percent YoY to Rs 83 crore

IndiaMART InterMESH Ltd. engages in the provision of platform to Small and Medium Enterprises, large enterprises, as well as individuals. The company was founded by Brijesh Agrawal and Dinesh Agarwal in 1996 and is headquartered in Noida, India.

Watchers	152
52-Wk Low	2,043.50
52-Wk High	5,915.30

Market Cap	178.24B
Volume (M)	172,985.00
52-Wk High	5,915.30
52-Wk Low	2,043.50

INDIAMART.NSE Indiamart Intermesh Ltd.

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