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28 Oct 2026, 06:28 IST

Indiamart Intermesh Limited

HDFC Securities · ADD · target INR 1,900

The report says IndiaMart delivered a moderate quarter with ARPU-led growth offsetting declining paying subscribers, maintaining ADD with a DCF-based TP of INR 1,900.

From HSIE Results Daily 28 Oct 26 HSIE, written by HDFC Securities. Orivam summarised it; the view is HDFC Securities's, not Orivam's.

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