28-Oct-2026 08:51:15
INDIAMARTGeneral news
NOMURA ON INDIAMART INTERMESH ; NEUTRAL | TP ₹1,840 (EARLIER ₹1,810)
• Nomura upgrades IndiaMART to Neutral on valuations and raises target price to ₹1,840 from ₹1,810. • Q2 performance remained weak, with muted subscriber additions. • Paying subscriber base continued to decline marginally during Q2. • Persistent challenges in acquiring new paying subscribers remain a key concern. • Product innovation and improvements will be critical to revive subscriber growth over the medium to long term.
INDIAMART INTERMESH LTD