IndiaMART InterMESH shares surged 10% on strong Q4 results despite target price cuts. Stock hit day s high of ₹2,913, up 21.6% from 52-week low. Company s net profit rose 79% YoY in Q4FY24 to ₹99.6 crore.
IndiaMART s stock has experienced a decline of over 3 percent in the last month, contrasting with the 3 percent increase observed in the benchmark Sensex.
The shares of Indiamart Intermesh saw a positive rally today and closed on the NSE at an upside gap of over 2% as the company declares its Q4 results with 33% revenue growth and record date announcement of 1:1 bonus shares as well as for 200% dividend.
Shares of IndiaMART InterMESH rose up to 7 per cent today after the firm said its board will consider a buyback of shares on April 28. IndiaMART InterMESH stock gained 6.98 per cent to Rs 5144.95 today against the previous close of Rs 4809.20 on BSE. IndiaMART InterMESH stock is trading higher than 5 day, 20 day and 50 day moving averages but lower than 100 day and 200 day moving averages.