Why IndiaMart stock fell 18% despite nearly 100% jump in Q2 profit? Details

IndiaMart Intermesh shares fell 18.4 per cent in Monday’s trade on the BSE to register an intraday low of Rs 2,461 per share on the BSE. The selling pressure in the stock came after the company reported its Q2FY25.

At around 11:57 AM, IndiaMart InterMesh shares were down 16.05 per cent at Rs 2,533.25 per share on the BSE. In comparison, the BSE Sensex was down 0.26 per cent at 81,012.65 around the same time. The market capitalisation of the company around the time stood at Rs 15,193.92 crore.