Latest news with #IndiamartIntermesh
Time of India
5 hours ago
- Business
- Time of India
Hot Stocks: 3 stocks that may give returns between 12-46%
Analysts predict growth for Reliance Industries, focusing on its AGM and potential Jio IPO. Indiamart Intermesh is upgraded with a higher price target due to business upcycle and initiatives. Mahanagar Gas anticipates volume growth and benefits from potential CNG/EV transition in Mumbai. These stocks show promise for investors seeking returns. Tired of too many ads? Remove Ads Reliance's AGM will be an important event in the upcoming quarter for the stock Details around JioStar, quick commerce offering, FMCG expansion plans fresh triggers for the stock Any hints on the potential Jio IPO could act as another crucial trigger for the stock Tired of too many ads? Remove Ads Upgrade stock to 'buy' from 'reduce'; business is entering a new demand upcycle Valuation shall rerate due to improving growth trajectory; raise price target from Rs 2,100 Recent initiatives, including algorithmic changes to enhance the quality of leads for paying suppliers and a rebound in visitor traffic, to drive sustainable growth Healthy volume growth of 10% on a compounded basis over 2–3 years likely Proposal evaluating the feasibility of phasing out petrol & diesel vehicles in Mumbai and replacing them CNG/EVs positive City distribution gas sector consolidation is inevitable, Mahanagar being a potential beneficiary A look at some of the latest stock recommendations by analysts. These stocks are expected to return between 12% and 46% as per analysts' price CLSA Price Target: Rs 1,650 CMP: Rs 1,457 | Upside: 12.5%BROKERAGE: NUVAMA Price Target: Rs 3,800 CMP: Rs 2,661 | Upside: 46%BROKERAGE: CITI Price Target: Rs 1,700 CMP: Rs 1,445 Upside: 17.6%
Mint
21 hours ago
- Business
- Mint
Indiamart Intermesh share price climbs 6.5% as Nuvama upgrades to 'buy', lifts target price to ₹3800
Indiamart Intermesh share price in focus today: Shares of Indiamart Intermesh, an online B2B marketplace, gained 6.5% in early trade on Wednesday, June 25, hitting a 8-month high of ₹ 2,655 apiece, mirroring the positive trend on Indian stock market. The rally in the multibagger stock came after investor sentiment turned optimistic, following an upgrade by domestic brokerage Nuvama Institutional Equities, which raised its rating on the stock from 'Reduce' to 'Buy.' The brokerage also raised its target price to ₹ 3,800 from ₹ 2,100, citing expectations of a new demand upcycle for the business. This comes after earlier downgrades in October 2023 (to 'Hold') and October 2024 (to 'Reduce'). "IndiaMART is trading at a one-year forward P/E of 28x compared with its historical average (since listing) of 45x. We believe valuations will rerate due to the improving growth trajectory. We are introducing FY28E estimates and rolling forward our valuation to Q1FY28. This, along with an increase in the target multiple to 35x, yields a revised target price of ₹ 3,800. We upgrade our rating to 'BUY' (from 'reduce')," said Nuvama. The brokerage also noted that management's platform enhancements and increased investment in marketing and branding are expected to drive a rise in unique business enquiries and result in an uptick in net new subscriber additions. According to Nuvama Institutional Equities, IndiaMART has been grappling with elevated churn in silver subscribers for nearly two years. Unique enquiries per paid supplier dropped to 106 in Q1FY24, below the pre-COVID average of 130. However, recent platform improvements, selective insourcing of the sales force, and renewed investments in branding and marketing have started yielding results. This metric has shown a steady improvement during the LTM and is now at 125 in Q4FY25. Nuvama noted that management's decision to reduce supplier competition—bringing down supplier enquiries from 7 to under 4—alongside efforts to attract more buyers, will likely create a healthier marketplace dynamic. The brokerage believes that subscriber additions could begin improving by Q2/Q3, leading to a revival in collection growth. "We argue that a new demand cycle is beginning," Nuvama said, "with improving traffic, higher business enquiries, and rising net subscriber additions expected to drive collection and revenue growth acceleration." With average revenue per user (ARPU) growth already visible, Nuvama believes IndiaMART is well-positioned to monetize its platform and sustain growth, while margins are likely to normalize around the mid-30% level, as guided by the company.
Mint
a day ago
- Business
- Mint
Indiamart Intermesh share price climbs 6.5% as Nuvama upgrades to 'buy', lifts target price to ₹3800
Indiamart Intermesh share price in focus today: Shares of Indiamart Intermesh, an online B2B marketplace, gained 6.5% in early trade on Wednesday, June 25, hitting a 8-month high of ₹ 2,655 apiece, despite the Indian stock market opening on a subdued note amid the fragile Iran-Israel ceasefire. The rally in the multibagger stock came after investor sentiment turned optimistic, following an upgrade by domestic brokerage Nuvama Institutional Equities, which raised its rating on the stock from 'Reduce' to 'Buy.' Nuvama also raised its target price to ₹ 3,800 from ₹ 2,100, citing expectations of a new demand upcycle for the business. This comes after earlier downgrades in October 2023 (to 'Hold') and October 2024 (to 'Reduce'). "IndiaMART is trading at a one-year forward P/E of 28x compared with its historical average (since listing) of 45x. We believe valuations will rerate due to the improving growth trajectory. We are introducing FY28E estimates and rolling forward our valuation to Q1FY28. This, along with an increase in the target multiple to 35x, yields a revised target price of ₹ 3,800. We upgrade our rating to 'BUY' (from 'reduce')," said Nuvama. The brokerage also noted that management's platform enhancements and increased investment in marketing and branding are expected to drive a rise in unique business enquiries and result in an uptick in net new subscriber additions. According to Nuvama Institutional Equities, IndiaMART has been grappling with elevated churn in silver subscribers for nearly two years. Unique enquiries per paid supplier dropped to 106 in Q1FY24, below the pre-COVID average of 130. However, recent platform improvements, selective insourcing of the sales force, and renewed investments in branding and marketing have started yielding results. This metric has shown a steady improvement during the LTM and is now at 125 in Q4FY25. Nuvama noted that management's decision to reduce supplier competition—bringing down supplier enquiries from 7 to under 4—alongside efforts to attract more buyers, will likely create a healthier marketplace dynamic. The brokerage believes that subscriber additions could begin improving by Q2/Q3, leading to a revival in collection growth. "We argue that a new demand cycle is beginning," Nuvama said, "with improving traffic, higher business enquiries, and rising net subscriber additions expected to drive collection and revenue growth acceleration." With average revenue per user (ARPU) growth already visible, Nuvama believes IndiaMART is well-positioned to monetize its platform and sustain growth, while margins are likely to normalize around the mid-30% level, as guided by the company. Disclaimer: The views and recommendations given in this article are those of individual analysts. These do not represent the views of Mint. We advise investors to check with certified experts before making any investment decisions.
Business Standard
30-04-2025
- Business
- Business Standard
Indiamart Intermesh consolidated net profit rises 81.33% in the March 2025 quarter
Sales rise 12.84% to Rs 355.10 crore Net profit of Indiamart Intermesh rose 81.33% to Rs 180.60 crore in the quarter ended March 2025 as against Rs 99.60 crore during the previous quarter ended March 2024. Sales rose 12.84% to Rs 355.10 crore in the quarter ended March 2025 as against Rs 314.70 crore during the previous quarter ended March 2024. For the full year,net profit rose 64.88% to Rs 550.70 crore in the year ended March 2025 as against Rs 334.00 crore during the previous year ended March 2024. Sales rose 16.01% to Rs 1388.40 crore in the year ended March 2025 as against Rs 1196.80 crore during the previous year ended March 2024. Particulars Quarter Ended Year Ended Mar. 2025 Mar. 2024 % Var. Mar. 2025 Mar. 2024 % Var. Sales 355.10314.70 13 1388.401196.80 16 OPM % 33.6024.40 - 34.1224.31 - PBDT 226.40151.80 49 738.70492.70 50 PBT 218.10139.10 57 705.80456.20 55 NP 180.6099.60 81 550.70334.00 65
