Indiamart Intermesh hits over 1-yr low as higher costs drag Q3 profit

IndiaMART InterMESH

25/01/2022 05:06

** Shares of online business to business market place
 INMR.NS  fell as much as 9.9% to 5,259 rupees, their lowest
since Dec 2020
    ** Co on Monday reported 12.5% drop in Dec qtr profit hurt
by 27% rise in expenses and fall in margins  urn:newsml:reuters.com:*:nFWN2U20DR
    ** About 234,883 shares change hands vs 30-day avg of
112,782
    ** Seven of 11 analysts tracking stock rate it at "buy" or
"strong buy"; 3 "sell" or "strong sell"; 1 "hold"
    ** INMR shares down 19% so far this year after gaining 1% in
2021

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))