IndiaMART Stock Soars:
Jefferies Predicts Strong Growth

Surge in IndiaMART's

IndiaMART Intermesh witnesses a remarkable surge of over 5% in its stock value.Jefferies, a renowned global brokerage firm, projects a 'buy' call with a target price of Rs 3,400 per share, indicating a potential upside of over 27%.

Key Insights from Jefferies Analysis

Jefferies predicts a significant increase in IndiaMART's paid subscriber additions, doubling from 3,000 in FY24E to 6,000 in FY25E, addressing investors' concerns about slow growth and execution challenges.
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Market Performance and Future Outlook

IndiaMART's performance, despite a 3% decline, is compared to the Sensex's 3% rise, with anticipated growth in subscriber base and revenue.

IndiaMART's Growth Trajectory

IndiaMART Intermesh, a leading online marketplace player, is projected to experience a robust 19% to 25% CAGR in revenue and EPS over FY24-26, offering a compelling investment opportunity.
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