IndiaMART InterMESH rises after selling entire stake in Ten Times Online

IndiaMART InterMESH

17/03/2023 08:44

** Shares of IndiaMART InterMESH Ltd  INMR.NS  rise as much
as 2.3% to 4,912 rupees, highest since March 10
    ** Online B2B marketplace platform said on Thursday it had
divested its entire 30% stake in online event management
platform Ten Times Online Pvt Ltd 
    ** Stock trading above its 50-, 100-, and 200-day moving
averages
    ** Trading volume at ~35,600 shares, as of 1:50 p.m. IST 
    ** Ten of the 13 analysts covering the stock rate it "buy"
or higher, one "hold" and two "sell" or lower; median PT is
5,500 rupees - Refinitiv data
    ** Up to last close, stock up 11.1% this year

 (Reporting by Biplob Kumar Das in Bengaluru)
 ((Biplobkumar.das@thomsonreuters.com))