Indiamart Intermesh Share Price Today on 05-11-2024: Indiamart Intermesh share price are down by -1.25%, Nifty up by 0.91%

Indiamart Intermesh Share Price Today on 05-11-2024: At 05 Nov 16:01 today, Indiamart Intermesh shares are trading at price ₹2431, -1.25% down from the previous closing price. Sensex is trading at ₹79476.63, up by 0.88%. The stock has hit a high of ₹2468.45 and a low of ₹2402.15 during the day.

On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days.

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹2470.43, ₹2506.37, & ₹2540.58, whereas it has key support levels at ₹2400.28, ₹2366.07, & ₹2330.13.

Indiamart Intermesh Share Price Today

Till 4 PM today, the volume traded on NSE & BSE for Indiamart Intermesh was 37.51% higher than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, The stock is currently experiencing a strong downtrend.

From a fundamental analysis perspective, the company has a ROE of 17.60% & ROA of 9.69% respectively.The current P/E of the stock is at 34.38 & P/B is at 7.87.

The median 1-year forecasted upside in this share is at 24.27% with a target price of ₹3021.00.

The company has a 0.00% promoter holding, 0.78% MF holding, & 23.86% FII holding as per filings in the september quarter.

The MF holding has decreased from 0.85% in june to 0.78% in the september quarter.

The FII holding has increased from 23.37% in june to 23.86% in the september quarter.

Indiamart Intermesh share price down -1.25% today to trade at ₹2431 while its peers are mixed. Its peers such as Jyothy Labs are falling today, but its peers Emami, Welspun Living, S H Kelkar & Company are on the rise. Overall, benchmark indices Nifty & Sensex are up 0.91% & 0.88% each respectively.