Indiamart surges 6% as Nuvama turns bullish, lifts target to Rs...

Indiamart surges 6% as Nuvama turns bullish, lifts target to Rs 3,800, brokerage sees subscriber revival

Posted

IndiaMart Intermesh shares surged after Nuvama Institutional Equities upgraded the stock to ‘Buy,’ anticipating a demand upcycle. The brokerage expects improved traffic, increased subscriber additions, and accelerated collection growth, leading to revised earnings estimates. Nuvama also noted structural reforms and a shift in platform dynamics, contributing to the optimistic outlook and a raised target price of Rs 3,800.

Read Full Article

Please log in to like, share and comment!

Sports

IND vs ENG: Ex-India cricketer slams Shubman Gill for not backing Karun Nair

Injuries have prompted India to reshuffle their playing XI for the crucial 4th Test against...

By 0 1

National

Tensions rise in UML Central Committee meeting as Oli faces Stalin comparison over decision to bar Bhandari

KATHMANDU: The ruling CPN-UML has decided that former President Bidya Devi Bhandari, who...

By 0 2

International

UAE leaders mark Egypt’s July 23 Revolution with messages to President El-Sisi

UAE leaders conveyed warm greetings to Egyptian President Abdel Fattah El-Sisi on the 72nd...

By 0 9

International

Professional licence now mandatory for truck and delivery drivers in Oman

Oman is set to implement a new licensing rule for logistics professionals, including drivers and...

By 0 9

International

Poor Europeans live longer than rich Americans, study reveals stark contrast

A recent study reveals a surprising trend. Poorer Europeans outlive wealthier Americans. The...

By 0 9