IndiaMART Shares Sink 7.5% To 52-Week Low As Paid Supplier Concerns Mount
AI Summary
Shares of B2B ecommerce major IndiaMART fell as much as 7.5% during the intraday trading today to hit a 52-week low of ₹1,773 before closing 5.25% lower at ₹1,817.40 on the NSE. The company’s market capitalisation stood at ₹10,930.4 Cr (about $1.1 Bn) at the end of the session. The decline came a day after IndiaMART reported its Q1 FY27 earnings, with investors reacting to continued weakness in its paid supplier base despite healthy growth in revenue and profitability.
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