Espresso shot of the day – IndiaMART InterMESH Ltd up by 8.46 percent

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Espresso shot of the day – IndiaMART InterMESH Ltd up by 8.46 percent

October 13, 2021
Espresso shot of the day – IndiaMART InterMESH Ltd up by 8.46 percent

INDIAMART INTERMESH LTD. 9483.30 (+8.46 %) BSE – INE933S01016 | 13THOCTOBER 2021


IndiaMART is India’s largest online B2B marketplace that connects buyers with suppliers. With 60% market share of the online B2B Classified space in India, the channel focuses on providing a platform to Small & Medium Enterprises (SMEs), Large Enterprises as well as individuals. Founded in 1999, the company’s mission is ‘to make doing business easy’.

Recent Drivers

  • On Sept30, 2021, IndiaMART InterMESH made an additional investment of ? 10 crore to acquire a 7 % stake in Mobisy Technologies (MTPL). The total shareholding of the company in MTPL, post this investment, will be 15.98 %
  • On Aug 3, 2021, IndiaMART InterMESH Limiteddeclareda final dividend of ? 15 per equity share.
  • On Aug 3, 2021, IndiaMART InterMESH Limited indirectly through its wholly owned subsidiary, Tradezeal Online Private Limited, agreed to acquire 26.23% of the Share Capital of Agillos E-Commerce Private Limited.
  • On July22, 2021, IndiaMARTIntermesh posted a 19 % increase in its consolidated net profit at ? 88 crore for the quarter ended June 30, 2021. The company had posted a net profit of ? 74 crore in the same period a year ago.
  • On July 22, 2021, IndiaMART Intermesh posted that the revenue from operations rose 19 % to ? 182 crore during the reported period, compared to ? 153 crore in the corresponding quarter of 2020-21.
(Sources:BSE India, NDTV, The Economic Times)


Technical Force*

  • S&P BSE 500 month till date gain up by 3.87%
  • 3 months avg. NSE volume: 1,57,021
  • Quantity traded: 39,480 Deliverable quantity: 22,783 (57.71%)
  • Stock price has jumped more than 105% from one-year low level: 4,546.70 (Nov 10, 2020)
  • Daily RSI (14) is in oversold territory today
  • 52-week-high: 9,951.95 | 52-week-low: 4,546.70

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

12855.08

9659.47

8032.43

4836.82

3209.78

14.17

-

    -

Fibonacci Pivot

9659.47

7817.21

6679.07

5946.03

4836.82

3727.61

2994.56

1856.42

14.17


Today’s Close

9483.30

SMA

BSE

10 DAY

8604.85

20 DAY

8532.18

50 DAY

8032.35

200 DAY

7792.96


Some Key Ratios (Source: BSE)

Market Cap: 28,985.30 crores

PE: 95.76

OPM%: 65.88

ROE%: 18.61

Promoters holding%: 49.82

Prev. Close: 8,743.60

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.