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Buy Indiamart Ltd For Target Rs. 3,950 - Yes Securities Business outlook remains strong for FY24 Dominant market share in B2B online classified business with around 70% market share in paid listings. The overall growth in business is led by higher value proposition for sellers and the efficient matching algorithm resulting in higher buyer satisfaction. Enjoys substantial network effect attracting more buyers and sellers to the platform. The strength of business model is visible in the 13.5% CAGR growth in paying subscribers over FY18-23 and 23....
Buy Indiamart Ltd For Target Rs. 3,950 - Yes Securities
Buy Indiamart Ltd For Target Rs. 3,950 - Yes Securities
Source: Yes Securities Ltd
31/08/2023 2:02:41 PM
Buy IndiaMART Ltd For Target Rs. 3,845 - Yes Securities Ltd Result Synopsis Indiamart (INMART) reported broadly inline financial performance for the quarter. The sequential revenue and EBITDA margin were along expectation. It reported sequential revenue growth of 4.9% QoQ, led by 2.5% QoQ increase in the number of paid customers and around 1.8% QoQ increase in average realization. The growth in the number of paid customers was at around ~5k. There was sequential improvement in EBITDA margin(up 281 bps QoQ) led by positive operating leverage. The In...
Buy IndiaMART Ltd For Target Rs. 3,845 - Yes Securities Ltd
Buy IndiaMART Ltd For Target Rs. 3,845 - Yes Securities Ltd
Source: Yes Securities Ltd
28/07/2023 2:56:02 PM
Buy IndiaMART Ltd For Target Rs. 3,300 - JM Financial Institutional Securities Ltd INMART’s cash collections in 1QFY24 grew 26.4% YoY to INR 3.21bn in 1QFY24, ahead of JMFe by 3%. The beat was likely driven by price hikes and up-sells. Paid subscription additions were, however, weak at +5k QoQ, below JMFe and management guidance of 8k+ qtrly additions. We believe this indicates a shift in strategy and the company may prioritise realisation over volume in the near term (in line with competitor actions). While this may not impact a 20%+ collection growth trajectory in t...
Buy IndiaMART Ltd For Target Rs. 3,300 - JM Financial Institutional Securities Ltd
Buy IndiaMART Ltd For Target Rs. 3,300 - JM Financial Institutional Securities Ltd
Source: JM Financial Institutional Securities Ltd
22/07/2023 10:43:48 AM
Indiamart Intermesh zooms on reporting 78% rise in Q1 consolidated net profit Indiamart Intermesh is currently trading at Rs. 3138.00, up by 238.70 points or 8.23% from its previous closing of Rs. 2899.30 on the BSE. The scrip opened at Rs. 3100.00 and has touched a high and low of Rs. 3149.30 and Rs. 2940.45 respectively. So far 71430 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 3149.30 on 21-July-2023 and a 52 week low of Rs. 1965.00 on 25-Jul-2022. Last one week high and low of the...
Indiamart Intermesh zooms on reporting 78% rise in Q1 consolidated net profit
Indiamart Intermesh zooms on reporting 78% rise in Q1 consolidated net profit
Source: Accord Fintech
21/07/2023 1:48:35 PM
Indiamart Intermesh inches up on inking pact to invest Rs 3 crore in Truckhall through arm Indiamart Intermesh is currently trading at Rs. 5998.45, up by 12.10 points or 0.20% from its previous closing of Rs. 5986.35 on the BSE. The scrip opened at Rs. 5986.40 and has touched a high and low of Rs. 6020.00 and Rs. 5948.15 respectively. So far 548 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6101.30 on 04-May-2023 and a 52 week low of Rs. 3676.05 on 06-Jul-2022. Last one week high and low of the scr...
Indiamart Intermesh inches up on inking pact to invest Rs 3 crore in Truckhall through arm
Indiamart Intermesh inches up on inking pact to invest Rs 3 crore in Truckhall through arm
Source: Accord Fintech
9/05/2023 9:58:37 AM
Buy IndiaMART Ltd For Target Rs.6,491 - Yes Securities Result Synopsis Indiamart (INMART) reported broadly inline financial performance for the quarter. While, sequential revenue growth was slightly ahead of estimates; EBITDA margin came in slightly below expectation. It reported sequential revenue growth of 6.9% QoQ, led by 4.6% QoQ increase in the number of paid customers and around 2.4% QoQ increase in average realization. The growth in the number of paid customers was at around ~9k. There was sequential decline in EBITDA margin(down 333 bp...
Buy IndiaMART Ltd For Target Rs.6,491 - Yes Securities
Buy IndiaMART Ltd For Target Rs.6,491 - Yes Securities
Source: Yes Securities
8/05/2023 2:58:07 PM
HireMee launches AI employability test for graduates in tough job market Amid growing layoffs especially in the tech industry, talent acquisition and talent management platform HireMee on Friday announced an employability test for graduates to gain an edge with prospective employers. The HireMee's 100-minute online test is a proven diagnostic assessment to calibrate employability skills of youth. Engineering graduates of the 2023 batch and earlier can take the test from the comfort of their home or college on a computer or a mobile phone through a downlo...
HireMee launches AI employability test for graduates in tough job market
HireMee launches AI employability test for graduates in tough job market
Source: IANS
24/03/2023 12:33:08 PM
Buy IndiaMART Ltd For Target Rs.4,940 - JM Financial Institutional Securities Strong cash collections the only positive IndiaMART reported strong cash collections growth of 27.5% YoY (+7.2% QoQ) in 3QFY23 to INR 2.83bn (~2% beat on JMFe) notwithstanding disappointment on paid-supplier additions (+6.3k QoQ vs. management guidance of 8k-9k and JMFe of +7.6k). Further, despite strong revenue growth of 33.7% YoY (in line with JMFe), the much-awaited operating leverage remained elusive as the company continued to make growth investments. EBITDA margin was flat QoQ and do...
Buy IndiaMART Ltd For Target Rs.4,940 - JM Financial Institutional Securities
Buy IndiaMART Ltd For Target Rs.4,940 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
4/03/2023 12:19:44 PM
IndiaMart InterMesh Ltd : Margins to expand from FY24; maintaining a Buy - Anand Rathi Share and Stock Brokers Buy IndiaMart InterMesh Ltd For Target Rs.5,500 IndiaMart’s Q3 FY23 revenue grew 33.7% y/y, 4.5% q/q to Rs2.51bn (org. 28.1% y/y, 4.8% q/q), largely because of 6,263 paid suppliers added in the quarter, up 24.7% y/y, 3.3% q/q, to 194,000 now (156,000 a year ago and 188,000 the previous quarter). Deferred revenue grew 28.5% y/y, 3.2% q/q, to Rs10.15bn. Collections rose 28.1% y/y to Rs2.83bn. Management looks to add ~8,000 customers per quarter in the long term and aims at ~20% long-te...
IndiaMart InterMesh Ltd : Margins to expand from FY24; maintaining a Buy - Anand Rathi Share and Stock Brokers
IndiaMart InterMesh Ltd : Margins to expand from FY24; maintaining a Buy - Anand Rathi Share and Stock Brokers
Source: Anand Rathi Shares and Stock Brokers Ltd
25/01/2023 5:24:43 PM
Indiamart Intermesh jumps on reporting 61% rise in Q3 consolidated net profit Indiamart Intermesh is currently trading at Rs. 4547.85, up by 71.15 points or 1.59% from its previous closing of Rs. 4476.70 on the BSE. The scrip opened at Rs. 4481.05 and has touched a high and low of Rs. 4695.00 and Rs. 4481.00 respectively. So far 6726 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 6450.00 on 20-Jan-2022 and a 52 week low of Rs. 3676.05 on 06-Jul-2022. Last one week high and low of the sc...
Indiamart Intermesh jumps on reporting 61% rise in Q3 consolidated net profit
Indiamart Intermesh jumps on reporting 61% rise in Q3 consolidated net profit
Source: Accord Fintech
20/01/2023 1:54:15 PM
Indiamart Intermesh inches up as its arm to sell stake in Instant Procurement Indiamart Intermesh is currently trading at Rs. 4800.00, up by 4.20 points or 0.09% from its previous closing of Rs. 4795.80 on the BSE. The scrip opened at Rs. 4750.05 and has touched a high and low of Rs. 4835.00 and Rs. 4750.05 respectively. So far 4625 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 7925.20 on 17-Nov-2021 and a 52 week low of Rs. 3676.05 on 06-Jul-2022. Last one week high and low of the scr...
Indiamart Intermesh inches up as its arm to sell stake in Instant Procurement
Indiamart Intermesh inches up as its arm to sell stake in Instant Procurement
Source: Accord Fintech
9/11/2022 2:59:57 PM
Buy IndiaMART Ltd For Target Rs.5060 - Motilal Oswal Financial Services Strong collections to drive revenue; reiterate our Buy rating Margin recovery to take time as growth investments continue * INMART delivered a strong performance in 2QFY23, with revenue up 32% YoY and 7% QoQ (in line). Collections grew a strong 18% YoY to INR2.4b, suggesting good visibility on FY23 revenue growth. Deferred revenue rose 30% YoY to INR9.8b, which should support 31% revenue growth in FY23. Strong paying subscriber additions (up 8.8k QoQ) are encouraging. EBITDA margin mode...
Buy IndiaMART Ltd For Target Rs.5060 - Motilal Oswal Financial Services
Buy IndiaMART Ltd For Target Rs.5060 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
28/10/2022 2:48:32 PM
Buy IndiaMART Intermesh Ltd For Target Rs. 6,000 - ICICI Securities Sector tailwinds to aid robust recovery We reinitiate coverage on IndiaMART InterMESH (IndiaMART) with a BUY rating and target price of Rs6,000 (~38% upside). We believe the company is likely to deliver strong revenue growth of ~34% YoY in FY23E despite declining margins as it hires personnel aggressively to capture growth in the discovery and classifieds space over FY23E-FY25E (revenue CAGR of ~64.6%). We believe the margins reported in FY22 were one-off and we are not overly concerned ab...
Buy IndiaMART Intermesh Ltd For Target Rs. 6,000 - ICICI Securities
Buy IndiaMART Intermesh Ltd For Target Rs. 6,000 - ICICI Securities
Source: ICICI Securities
17/10/2022 2:03:08 PM
Buy IndiaMART Ltd For Target Rs.8,610 - Motilal Oswal Financial Services Collections remain robust; expect strong growth to continue Investments to keep near term margin rangebound * INMART delivered a strong performance in 1QFY23, with revenue up 24% YoY and 12% QoQ (in line). Collections grew a strong 49% YoY to INR2.5b, suggesting good visibility on FY23E revenue growth. Deferred revenue rose 32% YoY to INR9.6b, which should support 25% revenue growth in FY23E. Strong paying subscriber additions (up 10k QoQ) are encouraging. EBITDA margin was largely flat...
Buy IndiaMART Ltd For Target Rs.8,610 - Motilal Oswal Financial Services
Buy IndiaMART Ltd For Target Rs.8,610 - Motilal Oswal Financial Services
Source: Motilal Oswal Financial Services Ltd
20/09/2022 12:15:44 PM
Buy IndiaMART Intermesh Ltd For Target Rs.4,920 - JM Financial Institutional Securities Revenue growth to accelerate; margin seems to have bottomed IndiaMART reported strong collections growth of 28% YoY on a TTM basis in its core business between 2QFY22-1QFY23. However, revenue growth was relatively modest during this period at 13% YoY due to weak collections during Covid (as translation of collections to revenues happens with a lag of 4-5 quarters). Hereon, the company’s core business revenue growth is likely to accelerate (JMFe of 20% CAGR over FY22-25E) driven by st...
Buy IndiaMART Intermesh Ltd For Target Rs.4,920 - JM Financial Institutional Securities
Buy IndiaMART Intermesh Ltd For Target Rs.4,920 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
19/09/2022 12:54:27 PM
Buy IndiaMART Intermesh Ltd For Target Rs.4,800 - JM Financial Institutional Securities Confidence booster for FY23 IoY) in the standalone business in 1QFY23 driven by a robust sequential increase of ~10k paid suppliers (ahead of management guidance of 8-9k additions). On a TTM basis, the collections growth stood at 28% YoY, indicating the company is well poised to deliver very strong revenue growth in the nearmedium term (JMFe CAGR of +21% over FY22-24E). However, as indicated by the management, growth continues to be driven by significant ramp-up in sales efforts (own as we...
Buy IndiaMART Intermesh Ltd For Target Rs.4,800 - JM Financial Institutional Securities
Buy IndiaMART Intermesh Ltd For Target Rs.4,800 - JM Financial Institutional Securities
Source: JM Financial Institutional Securities Ltd
8/09/2022 3:14:17 PM
IndiaMART registers growth of 24% YoY on Consolidated Revenue from Operations IndiaMART registers growth of 24% YoY on Consolidated Revenue from Operations * The company announced the Q1 2023 results; witnesses 23% YoY increase in paying subscription suppliers and 34% YoY increase in Consolidated Deferred Revenue IndiaMARTInterMESH Limited (referred to as “IndiaMART” or the “Company”), today announced its financial results for the first quarter ending June 30, 2022. Q1 FY2023 vs. Q1 FY2022 * Consolidated Revenue from Operations of Rs...
IndiaMART registers growth of 24% YoY on Consolidated Revenue from Operations
IndiaMART registers growth of 24% YoY on Consolidated Revenue from Operations
Source: PR Agency
27/07/2022 2:41:59 PM
Buy Indiamart Ltd For Target Rs.5,439 - Yes Securities Growth in the number of paid customers and Collections remain robust Our view and valuation Overall, the financial performance was inline for the quarter. The revenue growth was strong led by robust addition in paid customers. The growth in paid customers is expected to be between 8k?9k per quarter going ahead. The EBITDA margin has stabilized(still lower than margin witnessed during Q1FY21?Q3FY22) on continued investment in manpower, sales and distribution during the quarter. The grow...
Buy Indiamart Ltd For Target Rs.5,439 - Yes Securities
Buy Indiamart Ltd For Target Rs.5,439 - Yes Securities
Source: Yes Securities Ltd
25/07/2022 12:45:58 PM
Buy IndiaMART Intermesh Ltd For Target Rs.6,950 - Yes Securities Robust growth in the number of paid customers and Collections Our view and valuation Overall, it reported mixed performance as reported revenue was inline; but, the EBITDA margin was below expectation on higher investment in manpower and sales and distribution during the quarter. The addition in paid customers was among the highest in recent quarters and that was also reflected in the growth in collections. Most of traffic on the portal is organic driven led by strong value proposition ...
Buy IndiaMART Intermesh Ltd For Target Rs.6,950 - Yes Securities
Buy IndiaMART Intermesh Ltd For Target Rs.6,950 - Yes Securities
Source: Yes Securities Ltd
2/05/2022 11:36:46 AM
Indiamart Intermesh rises on acquiring 100% stake in Busy Infotech Indiamart Intermesh is currently trading at Rs. 4928.00, up by 74.90 points or 1.54% from its previous closing of Rs. 4853.10 on the BSE. The scrip opened at Rs. 4855.10 and has touched a high and low of Rs. 4928.55 and Rs. 4855.10 respectively. So far 1605 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9700.00 on 18-Oct-2021 and a 52 week low of Rs. 3965.35 on 08-Mar-2022. Last one week high and low of the sc...
Indiamart Intermesh rises on acquiring 100% stake in Busy Infotech
Indiamart Intermesh rises on acquiring 100% stake in Busy Infotech
Source: Accord Fintech
8/04/2022 10:39:13 AM
Buy IndiaMART InterMESH Ltd For Target Rs. 7,225 - Yes Securities Mixed operating performance Our view Overall, the result was below expectation as business recovery from covid induced lockdowns continue to be gradual. SMEs continue to face adverse economic environment due to frequent lockdowns. It continues to be a leader in B2B online classified with around 70% market share. We currently have BUY Rating on the stock.     We maintain BUY on the stock with revised target price of Rs 7,225 /share.   Result Highlights *...
Buy IndiaMART InterMESH Ltd For Target Rs. 7,225 - Yes Securities
Buy IndiaMART InterMESH Ltd For Target Rs. 7,225 - Yes Securities
Source: Motilal Oswal Financial Services Ltd
29/01/2022 10:39:14 AM
E-commerce firm IndiaMART buys 100% stake in Busy Infotech for Rs 500 cr The e-commerce company IndiaMART Intermesh has acquired 100 per cent ownership of Busy Infotech for Rs 500 crore. Founded in 1996, IndiaMART Intermesh provides business-to-business and customer-to-customer sales services on its platform. Busy Infotech is one of the largest accounting software companies in India. It was incorporated in 1997 and has pan-India presence. "This acquisition further augments IndiaMART's value proposition and given our large customer base as well as...
E-commerce firm IndiaMART buys 100% stake in Busy Infotech for Rs 500 cr
E-commerce firm IndiaMART buys 100% stake in Busy Infotech for Rs 500 cr
Source: IANS
26/01/2022 9:08:33 AM
Rss Feed Indiamart Intermesh gains on acquiring 26.01% stake in EasyEcom Indiamart Intermesh is currently trading at Rs. 6615.00, up by 45.30 points or 0.69% from its previous closing of Rs. 6569.70 on the BSE. The scrip opened at Rs. 6567.25 and has touched a high and low of Rs. 6625.00 and Rs. 6567.25 respectively. So far 720 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 9951.95 on 05-Feb-2021 and a 52 week low of Rs. 6292.75 on 30-Dec-2021. Last one week high and low of the scr...
Rss Feed Indiamart Intermesh gains on acquiring 26.01% stake in EasyEcom
Rss Feed Indiamart Intermesh gains on acquiring 26.01% stake in EasyEcom
Source: Accord Fintech
7/01/2022 9:48:05 AM
Buy IndiaMART Intermesh Ltd For Target Rs.9,218 - Yes Securities Leader in B2B online classified  * Dominant market share in B2B classified business with around 70% market share in paid listings. Performance is led by higher value proposition for sellers leading to higher pricing power, efficient matching algorithm resulting in higher buyer satisfaction; and the network effect attracting more buyers and sellers to the platform. * Strong promoter track record (currently hold around 50% stake) which is visible in superior execution as IndiaMart ha...
Buy IndiaMART Intermesh Ltd For Target Rs.9,218 - Yes Securities
Buy IndiaMART Intermesh Ltd For Target Rs.9,218 - Yes Securities
Source: Yes Securities Ltd
6/01/2022 2:18:24 PM
Buy IndiaMART Intermesh Ltd For Target Rs.9,218 - Yes Securities Muted performance due to impact of 2nd covid wave Our view Overall, the adverse impact of Covid19 wave on MSMEs impacted the performance in the quarter as reflected in muted growth in paid subscribers. It remains a leading player in online B2B classified and we expect the financial performance to improve from Q3FY22 led by improvement in financial condition of SMEs.  We expect revenue to grow at CAGR of 19.0% over FY22E‐FY24E with average EBITDA margin of 47.7%.  &nb...
Buy IndiaMART Intermesh Ltd For Target Rs.9,218 - Yes Securities
Buy IndiaMART Intermesh Ltd For Target Rs.9,218 - Yes Securities
Source: Yes Securities Ltd
25/10/2021 11:51:46 AM
Electronics Mart files Rs 500 crore IPO papers with SEBI Electronics Mart India has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise Rs 500 crore through an initial public offering (IPO). The company intends to utilise the net proceeds to fund its capital expenditure and incremental working capital requirements to the extent of Rs 133.8 crore and Rs 200 crore, respectively. In addition, Rs 50 crore will be used towards payment of debt. Funds will also be used for general c...
Electronics Mart files Rs 500 crore IPO papers with SEBI
Electronics Mart files Rs 500 crore IPO papers with SEBI
Source: Accord Fintech
24/09/2021 12:23:54 PM
Technical Positional Pick - Buy IndiaMART InterMESH Ltd For Target Rs. 9715 - HDFC Securities Technical Positional Pick - Buy IndiaMART InterMESH Ltd For Target Rs. 9715 - HDFC Securities  TECHNICAL OBSERVATIONS * IndiaMART is in an intermediate uptrend as it has been making higher tops and higher bottoms for the last several months. * Over the last several weeks, the stock has been consolidating in a range between the 6650-7844 levels. On Monday, the stock has broken out of this range on the back of above average volumes. * Technical indicators ar...
Technical Positional Pick - Buy IndiaMART InterMESH Ltd For Target Rs. 9715 - HDFC Securities
Technical Positional Pick - Buy IndiaMART InterMESH Ltd For Target Rs. 9715 - HDFC Securities
Source: HDFC Securities Ltd
31/08/2021 11:51:56 AM
Buy IndiaMART Ltd For Target Rs.8,610 - Motilal Oswal Blip on collections; expect faster recovery Long-term outlook intact; maintain Buy * IndiaMART delivered in-line revenue performance in 1QFY22. The number of paid suppliers fell by 6k, impacted by lockdowns amid the second COVID wave. On the other hand, ARPU surged 5.8% QoQ on higher churn in lowpaying silver monthly suppliers. The decline in collections was restricted to 38% QoQ v/s a 53% QoQ drop in 1QFY21. The sharp rebound in FY21 collections (post the drop in 1QFY21) reassures us o...
Buy IndiaMART Ltd For Target Rs.8,610 - Motilal Oswal
Buy IndiaMART Ltd For Target Rs.8,610 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
24/08/2021 9:26:05 AM
Buy IndiaMart Ltd For Target Rs. 8,631 - Yes Securities Our view Overall, the performance was inline in the aftermath of 2nd covid19 wave. We remain positive on the outlook of the company with strong traction in enquires/ buyers will drive addition of paid customers. It is best placed to benefit from rising digitalization of SMEs. It benefits from huge network effect that will continue to drive increase in the number of paid suppliers. The value proposition for SMEs is attractive that it requires little need of advertising Positive operating le...
Buy IndiaMart Ltd For Target Rs. 8,631 - Yes Securities
Buy IndiaMart Ltd For Target Rs. 8,631 - Yes Securities
Source: Yes Securities
26/07/2021 12:13:49 PM
Buy IndiaMART Ltd For Target Rs.9,320 - Motilal Oswal Strong collections; operations in line Long-term outlook intact; maintain Buy * IndiaMART delivered in line revenue performance in 4QFY21. While paid suppliers remain modest (at 4k v/s their target of ~5k), collections jumped 53% QoQ (partially led by seasonality) and 34% YoY. * Margin remained resilient, with EBIT margin at 45.6% (v/s our estimate of 44%). Expected sequential moderation in margin was cushioned by yet another quarter of headcount rationalization. Channel sales partne...
Buy IndiaMART Ltd For Target Rs.9,320 - Motilal Oswal
Buy IndiaMART Ltd For Target Rs.9,320 - Motilal Oswal
Source: Motilal Oswal Financial Services Ltd
7/05/2021 11:13:22 AM
IndiaMART InterMESH Q4 net profit up 35.53% at Rs 54.21 cr The company reported standalone net profit of Rs 54.21 crore for the quarter ended March 31, 2021 as compared to Rs 40.00 crore in the same period last year, registering a year-on-year growth of 35.53 per cent. Net revenue of the company rose moderately by 7.99 per cent at Rs 179.05 crore in January-March quarter of this fiscal as against Rs 165.80 crore in the corresponding period last year. During January-March quarter, operating expenses dropped by 17.09 per cent to Rs 92.61 crore from ...
IndiaMART InterMESH Q4 net profit up 35.53% at Rs 54.21 cr
IndiaMART InterMESH Q4 net profit up 35.53% at Rs 54.21 cr
Source: Dion Global Solutions Ltd
30/04/2021 2:28:51 PM
Momentum Pick - Buy IndiaMART Ltd For Target Rs. 8619 - HDFC Securities Momentum Pick - Buy IndiaMART Ltd For Target Rs. 8619- HDFC Securities  After showing a minor declines/sideways consolidation, the stock price has shifted into an upside bounce. Today’s upmove could be considered as an upside breakout of the narrow range movement/immediate resistance. The short term trend seems to have turned positive. We observe a formation of positive candlestick pattern as per intraday/daily/weekly timeframe chart. Volume has s...
Momentum Pick - Buy IndiaMART Ltd For Target Rs. 8619 - HDFC Securities
Momentum Pick - Buy IndiaMART Ltd For Target Rs. 8619 - HDFC Securities
Source: HDFC Securities Ltd
23/04/2021 1:04:46 PM