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 is uniquely positioned to drive digitisation of the SMEs and it can help its investee companies scale up with its reach and by offering bundled products, said Nuvama.
Indiamart Q3: Kotak cut its FY24-26 EPS by 3 per cent to bake in lower supplier addition. It assumed weaker longer-term margins due to continued investments needed to keep the platform relevant.
The exchange filing further said that the trading window of the company for trading in the companys equity shares has already been closed from Saturday, July 01, till the expiry of forty-eight (48) hours after the announcement/ declaration of the financial results of the company for the quarter ended June 30, 2023.