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Buy IndiaMart InterMesh; target of Rs 3250: Anand Rathi

Anand Rathi is bullish on IndiaMart InterMesh has recommended buy rating on the stock with a target price of Rs 3250 in its research report dated May 02, 2024.

IndiaMart stock jumps 9% on strong profit Q4; brokerages slash target prices

A key concern about IndiaMART’s business model has been the weak increase in business enquiries, said experts.

IndiaMart Q4 results: Net profit jumps 79% to Rs 99.6 crore

IndiaMart board recommends a dividend of Rs 20 per equity share for FY24

IndiaMART surges over 5% as Jefferies predicts subscriber additions to double by FY25

Analysts at Jefferies forecasted that paid subscriber additions will pick up from 3,000 per quarter in FY24E to 6,000 per quarter in FY25E

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.

Indiamart Intermesh Ltd.

Volume	195,982.00
52-Wk High	3,292.00
52-Wk Low	2,230.00

INDIAMART.NSE Indiamart Intermesh Ltd.

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