Business & Investment

Stock price of IndiaMART InterMESH: Buy IndiaMART InterMESH, target price Rs 9200: Chandan Taparia

Motilal Oswal’s Chandan Taparia is calling on IndiaMART InterMESH to buy at a target price of Rs 9200. IndiaMART InterMESH Ltd. It is Rs8819.1.

The period specified by the analyst is IndiaMART InterMESH Ltd. During the day when the price of is able to reach the defined target.

Founded in 1999, IndiaMART InterMESH Ltd. is a mid-cap company (market capitalization: 26755.98 chlore) operating in the services sector.

IndiaMART InterMESH Ltd.’s key product / revenue segment includes revenue from information services for the year ending March 31, 2021.

Finance
Consolidated total revenue for the quarter ending 30-06-2021 was 211.00 rupees, with total revenue in the previous quarter up 10.99% from 190.10 rupees and total revenue in the same period last year up 12.96% from 186.80 rupees. The company reported net income after tax of Rs 89.40 in the last quarter.

investment The rationale
Price volume breakout with follow-up purchases, poles and flags

Promoter / FII Holdings
As of December 30, 2020, the promoter holds a 52% stake in the company, with FII holding a 24.8% stake, DII holding a 5% stake, and public institutions and others holding a 18.2% stake.

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Stock price of IndiaMART InterMESH: Buy IndiaMART InterMESH, target price Rs 9200: Chandan Taparia

https://economictimes.indiatimes.com/markets/stocks/recos/buy-indiamart-intermesh-target-price-rs-9200-chandan-taparia/articleshow/86928246.cms Stock price of IndiaMART InterMESH: Buy IndiaMART InterMESH, target price Rs 9200: Chandan Taparia

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