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IndiaMart Intermesh

Discussion in 'Technical Analysis' started by nagarjunadevasani, Jul 22, 2022.

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  1. nagarjunadevasani

    nagarjunadevasani Member

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    Hi @shabbir , I have a position in Indiamart which was entered at high level (7000) now almost 50% is lost in this counter , I can see June quarter results also not good , what is your opinion on this company , what is better way to come out of this company
     
    nagarjunadevasani, Jul 22, 2022
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  2. shabbir

    shabbir Administrator Staff Member

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    I don't track this company for a simple reason that they are mainly into connecting buyer and sellers. What after that? I mean if I am connected to a person who is going to provide me with products (B2B) that I want to sell, then Indiamart has no role. This is unlike Amazon where I always use Amazon.

    So can you explain what was your rationale and study behind getting into the stock and then I can guide you better. Something that will help me understand the working of the business better. ROCE and other ratios look ok t me.

    However, I don't see too much downside from the current levels technically but then technicals has to follow the fundamentals. Sales growth from 2016 to 2020 has been impressive: 42.43% 25.33% 30.76% 23.23% 25.38%. So I think one can give this stock some time as well.
     
    shabbir, Jul 23, 2022
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