News for IndiaMART InterMESH Limited (INDIAMART.BO)

Startup Mahakumbh will provide startups opportunities to connect with investors, showcase their innovations, and forge valuable partnerships

NSE announced the exclusion of five stocks: Apollo Tyres, Deepak Nitrite, Escorts Kubota, MRF, and Ramco Cements from the F&O segment starting June. This follows earlier removals, with 16 more stocks exiting by February 2025. Markets rebounded on Friday after an initial dip.

Mitsubishi UFJ Financial Group held a 5.13% stake in IndiaMART prior to this sale, which has now reduced to 3.12%.

NSE Indices has launched the ‘Nifty India Internet & Ecommerce Index' to track the performance of companies that largely conduct business through online platforms.

Shares of IndiaMART InterMESH fell over 1% in early trade today (February 25) to hit a fresh 52-week low of INR 1,980.50 apiece on the BSE.

Unicommerce shares fell 4% to hit an all-time low at INR 112.55 on the BSE amid a decline in the broader market, dragged down by IT stocks.

To protect citizen privacy and bolster digital trust, the Indian government introduced the Digital Personal Data Protection Act (DPDP Act) 2023.

The biggest loser today was foodtech major Swiggy, with its shares sliding 8.66% to end today’s trading session at INR 410

Twenty five of the 31 new-age tech stocks under Inc42's coverage fell in a range of 1.05% to a little under 16% this week

This announcement comes after a previous decision to add six companies to the F&O segment, namely Castrol India, Gland Pharma, NBCC, Phoenix Mills, Solar Industries, and Torrent Power.

IndiaMART InterMESH shares drop 10% post Q3 results, with brokerages downgrading stock due to subscriber churn concerns.

The NSE Nifty 50 and BSE Sensex pared most of the gains to trade higher in Wednesday's session. The indices were trading 0.05% and 0.19% higher, respectively. Below are the stocks which are buzzing in the afternoon trade.

Domestic benchmarks Sensex and Nifty50 opened higher, driven by gains in banking and IT stocks, following a seven-month low in the previous session. Sun Pharma, Infosys, and L&T saw gains, while IndiaMart InterMesh dropped 10% and ICICI Prudential Life Insurance fell 8.5% after weak Q3 earnings.

IndiaMart continued to report elevated churn in the silver category despite last six quarters of efforts, said Nuvama Institutional Equities.

Indian equity benchmarks, Sensex and Nifty, are expected to open flat-to-higher on Wednesday, tracking mixed cues from global peers.

IndiaMART makes three leadership changes, appoints Vij as independent director, promotes Bhargava to director and names Bagri as compliance officer

IndiaMART InterMESH Ltd is set to announce its Q3 results, with an adjusted PAT expected to rise by 63-72% year-on-year. Revenue is projected to increase by around 15.4-15.5%. Despite challenges, such as muted supplier additions and stock decline, analysts highlight robust deferred revenues and cost optimization. Monitoring subscriber churn and growth strategies is crucial.

The NSE of India will include six new stocks in the Futures and Options segment from January 31, 2025. The stocks are Castrol India, Gland Pharma, NBCC, Phoenix, Solar Industries India, and Torrent Power. Details about market lot and scheme of strikes will be announced on January 30, 2025.

These 10 stocks represent the best mix of value and growth, offering relatively low price-to-earnings and price-to-book ratios, a high return on equity, and sufficiently high potential from current levels.