Indiamart Intermesh rises on plans to consider bonus share issue

IndiaMART InterMESH

25/04/2023 10:58

** Shares of Indiamart Intermesh Ltd  INMR.NS  rise as much
as 3.72%, the biggest intraday gain in nearly two weeks, to
5,398 rupees
    ** Uptick comes after the company that provides online
business-to-business marketplace services says it will consider
bonus share issue at its board meeting on April 28  urn:newsml:reuters.com:*:nFWN36S0I4
    ** Trading volume is 149,271 shares as of 3:18 p.m. IST,
1.4x the 30-day avg. of 108,762 shares - Refinitiv data
    ** Of the 14 analysts tracking INMR, 12 maintain "buy", one
suggests "sell" and one recommends "hold"; median TP is 5,545
rupees

 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))