Based on the OI percentage, 162 stocks were on the short-covering list. These included Deepak Nitrite, Colgate Palmolive, Mphasis, GMR Airports Infrastructure, and IndiaMART InterMESH.

Trade setup for Friday: Top 15 things to know before the opening bell

Based on the OI percentage, 63 stocks including Bajaj Auto, IndiaMART InterMESH, Indraprastha Gas, SRF and State Bank of India witnessed a long build-up

Trade setup for today: Top 15 things to know before the opening bell

Eights stocks namely Va Tech Wabag, Just Dial, Archean Chemical Industries, Nazara Technologies, Venus Pipes & Tubes, The Phoenix Mills, Thermax and IndiaMart InterMesh have seen fresh interest from the various brokerage firms.

Va Tech, Venus Pipes, ACIL, Just Dial, Nazara, Thermax & 2 other stocks see brokerage initiations

IndiaMART InterMESH gained 1.65% to Rs 4881.15 after the company announced that it has entered into a share purchase agreement to disinvest its entire 30% stake in equity share capital of Ten Times Online by way of sale of 18,701 equity shares.

IndiaMART InterMESH rises after divesting 30% stake in Ten Times Online

TCS, Dr Reddy’s Lab, Eris Lifesciences, Glenmark Pharma, RVNL, Lemon Tree Hotels, IndiaMart InterMesh, Samvardhana Motherson, Shri Keshav Cement, Quint Digital, Jubilant Ingrevia and Vishvprabha Foods are some of the stocks that are likely to be in action today

stocks in action today

According to company’s founder and CEO Dinesh Agarwal, SMEs (Small and Medium Enterprises) need credit at the time of purchasing or at the time of selling and that too “in small amount with no time”.

IndiaMART looks to add credit facilitation offering on its platform to help small businesses

Based on the OI percentage, as many as 98 stocks including Polycab India, Max Financial Services, IndiaMART InterMESH, Gujarat Gas, and Adani Enterprises saw a long build-up.

It provides an array of digital services empowers a firm’s sales, accounting, and organisation functioning.

IndiaMart - Amplifies Ease Of Doing Business For Manufacturing MSMEs: Dolat Capital Initiates Coverage

I had already clarified this in the beginning of the year last year itself that now we are in a growth phase after two years of lull due to COVID. We had not invested in manpower and salaries also got re-rated heavily and that is why the margins have come down from upwards of 40% to 25%, 27%, 28%.

Margin will slowly start to inch up to 33-34% soon: Dinesh Agrawal, IndiaMART

IndiaMART is a comprehensive platform that offers listings in 56 different industries, including over 95,000 product and service categories that span the entire value chain - from raw materials to machinery to final finished products.

ETMarkets Management Talk: IndiaMART traffic up 40% from pre-Covid days: CEO Dinesh Agarwal

eleased by the US Trade Representative (USTR) on Tuesday, the 2022 Notorious Markets List identifies 39 online and 33 physical markets that are reported to engage in or facilitate substantial trademark counterfeiting or copyright piracy.

IndiaMART and four other Indian markets figure in US Notorious Markets list

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Strong financials and growth story over the years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

IndiaMART is an India-based online marketplace, which connects buyers with suppliers. The Company's online channel focuses on providing a platform to small and medium enterprises (SMEs), large enterprises, as well as individuals