Indiamart Intermesh: Jefferies initiates coverage with 'buy' rating!
Wed, Feb 14, 2024 6:19 PM

Indiamart Intermesh: Jefferies initiates coverage with 'buy' rating!

A Flip by Avya Verma
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Global brokerage firm Jefferies has initiated coverage on Indiamart Intermesh, an online B2B marketplace, with a 'buy' tag, setting a target price of ₹3,400 apiece, which implies a 26% upside from the stock's current trading price. Additionally, in a bull case scenario, the brokerage sets an even higher target price of ₹3,820 for the stock. The brokerage's bullish outlook stems from the company.

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