IndiaMART InterMESH jumps on Q4 profit rise

IndiaMART InterMESH

02/05/2024 07:28

** Shares of IndiaMART InterMESH  INMR.NS  rise as much as 9.3%
before trimming some gains, last up 8.4% at 2,866.75 rupees -
its highest since Oct. 2023 
    ** E-commerce co's Q4 consol profit jumps 78% as collections
from customers grow 16%
    ** Stock eyes busiest trading day since July 2023, volumes
at 11.4x the 30-day avg 
    ** Analysts' avg rating on stock is equivalent of "Buy",
their median PT is 3,000 rupees- ~14% premium on last close, per
LSEG data 
    ** Including session's gains, stock up 5.3% so far this year


 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))