IndiaMART hits over 3-month low; slips 18% in 3 days post Q4 results

The stock has corrected 27 per cent from its all-time high level of Rs 9,952 touched on February 5

Shares of IndiaMART InterMESH hit an over three-month low at Rs 7,220, down 6.6 per cent on the BSE in intra-day trade on Tuesday. The scrip has declined 18 per cent in three days following the announcement of its March quarter (Q4FY21) results on Thursday, April 29. The stock was trading at its lowest level since January 7.

IndiaMART's, India's largest online B2B marketplace for business products and services, consolidated net profit during the quarter declined 31 per cent to Rs 56 crore over the December quarter (Q3FY21). Total income was down 4 per cent quarter on quarter (QoQ) at