IndiaMART InterMESH tanks 10%, stock hit fresh 52-week low post Q3 results

The company also announced its participation in the Series B Investment Round of Simply Vyapar Apps Private Limited ('Vyapar'), of Rs 217.6 crore.

Shares of IndiaMART InterMESH hit a fresh 52-week low of Rs 5,258, down 10 per cent on the BSE in Tuesday’s intra-day trade after the company reported a disappointing set of numbers for the December quarter (Q3FY22). Consolidated net profit declined 12 per cent year-on-year (YoY) at Rs 70 crore from Rs 80 crore in a year ago quarter (Q3FY21).

The stock price of India's largest online B2B marketplace for business products and services traded at its lowest level since December 2020. It quoted lower for the seventh straight trading day, and has plunged 22 per cent during the