Archive · 25 Jun 2025
Nuvama Upgrades IndiaMART to 'Buy', Sets ₹3,800 Target
A financial company called Nuvama now recommends buying shares of IndiaMART, an online marketplace.
They raised their target price to ₹3,800, predicting the company will attract more customers through website improvements and marketing.
Shares jumped 6.5% after the upgrade.
Nuvama expects IndiaMART's efforts to improve and get more customers, which will cause revenue to increase.
They think IndiaMART's challenges are over.
Nuvama upgraded IndiaMART to 'Buy', setting a target price of ₹3,800.
IndiaMART shares rose 6.5% to ₹2,655 on Wednesday.
The brokerage expects a new demand cycle due to platform improvements and marketing investments.
Subscriber additions are expected to increase in Q2/Q3, leading to collection growth.
The stock was previously rated 'Reduce'.
- Who
- Nuvama, a domestic brokerage, and IndiaMART, an online business marketplace.
- What
- Nuvama upgraded IndiaMART to 'Buy' with a target price of ₹3,800.
- When
- The upgrade was announced recently, causing shares to increase on Wednesday, June 25.
- Where
- N/A
- Why
- Nuvama expects IndiaMART to enter a new demand cycle due to platform improvements, marketing, and strategic initiatives.
Previous Concerns
Future Outlook
Subscriber Churn
Previous Concerns
IndiaMART faced elevated churn among silver-tier subscribers.
Future Outlook
N/A
- Target Price
- ₹3,800
- Current Share Price (Wednesday)
- ₹2,655
- Nuvama Rating
- 'Buy'
- Previous Rating
- 'Reduce'
- Previous Target Price
- ₹2,100
- Upside Potential
- 52%
