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Indiamart Intermesh Shares Tumble Over 7% Despite 12% Rise In Q1 Profit

in5points
  1. Indiamart Intermesh shares tumbled over 7% despite reporting a 12% rise in Q1 profit.

  2. The stock was trading down 5.62% with mixed analyst ratings.

  3. Indiamart's stock has declined nearly 29% over the past 12 months.

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Mostly straight facts, with a light government- or market-friendly tilt.

About how the story is framed, not whether the facts are true.

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Center-right

Mixed factuality

Who owns this?

Gautam Adani

Adani Group

Gautam Adani

Acquired by Adani Group in 2022 from the founders.

Wikipedia: Gautam Adani