IndiaMART InterMESH Shares: Shares of Indiamart Intermesh Limited closed with a rise of about 6% on Tuesday, January 7. This rise has come after the report of brokerage firm JM Financial, in which it has informed about increasing this rating. Earlier, shares of Indiamart Intermesh had seen a decline of about 28 percent in the last 3 months. JM Financial has now given ‘Buy’ rating to the company’s shares, whereas earlier it had advised to sell the stock. Along with this, the brokerage has also increased the target price for Indiamart Intermesh from Rs 2,350 to Rs 2,450.
The new target price shows the possibility of an increase of about 13 percent in the company’s shares from Monday’s closing price. According to the brokerage, the stock had seen a significant decline recently due to a sharp decline in collection growth during the second quarter of the current financial year 2025 and a marginal increase in payments to suppliers during the last six quarters.
JM Financial said, “While we do not expect any significant improvement in all these key parameters in the third quarter, we expect a moderate growth in collections from the standalone business from a medium term perspective. This growth will be supported by mid-single digit growth in both payables and receivables to suppliers.”
The brokerage also said that keeping growth in mind, the company’s consolidated EBITDA margin may remain high (34-36%) without making any major investments.
The report said that if Indiamart adds 2,500-3,000 paying suppliers every quarter in FY2026, it will lead to mid-single digit growth in paying suppliers. Additionally, stability in silver supplier churn and regular price hikes in the platinum category are likely to improve receipts at a similar rate.
Talking about the rest of the analysts, out of 21 analysts covering Indiamart Intermesh, 9 have given a ‘Buy’ rating to the stock, while four have given a ‘Hold’ rating, and eight have a ‘Sell’ recommendation on the stock. Is of.
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