Indiamart surges 6% as Nuvama turns bullish, lifts target to Rs 3,800, brokerage sees subscriber revival
Wednesday, 25 June 2025 () 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.
Wednesday, 25 June 2025 ()
