IndiaMART continued stock weakness near 52‑week lows

On 15 October 2026, IndiaMART InterMESH’s newsflow was led by a technical “Buy” recommendation, continued stock weakness near 52‑week lows, and the company’s ongoing AI‑driven growth strategy. Chandan Taparia of Motilal Oswal issued an intraday “Buy” call on IndiaMART with a target of ₹9,200, noting a price‑volume breakout and pole‑and‑flag pattern with follow‑up buying. The stock, however, remains under pressure, trading around ₹1,616–1,630 on 14–15 October, down about 23.9% over the past six months and roughly 29.7% over the past year, with the price below both its 50‑day (~₹1,672) and 200‑day (~₹1,894) moving averages and RSI near 37. In Q1 FY27 (June 2026), IndiaMART reported consolidated revenue of ₹414.4 crore (up 11.4% YoY) and net profit of ₹172.2 crore (up 12.2% YoY), with net margin improving to 41.6%. The company’s long‑term strategy now prioritises AI‑driven tools to enhance operational efficiency and supplier retention, alongside plans for a wholly owned finance subsidiary and efforts to deepen its footprint in southern India. On the CSR front, IndiaMART’s School Infrastructure Development Project in Bahraich, Uttar Pradesh, helped boost enrolment at a girls’ school by nearly 36% within a year. The stock’s 52‑week range is roughly ₹1,565–2,150, and it was trading at about ₹1,616–1,630 on 14–15 October, with a market cap of around ₹9,700 crore.