Indiamart Intermesh Hits 52-Week Low Amidst Significant Market Volatility

Jan 22 2025 09:35 AM IST
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Indiamart Intermesh has faced notable volatility, reaching a new 52-week low of Rs. 2064.1. The stock has underperformed its sector significantly and is trading below various moving averages, reflecting a bearish trend. Over the past year, the company's performance has declined, contrasting with broader market gains.
Indiamart Intermesh has experienced significant volatility today, reaching a new 52-week low with its stock price falling to Rs. 2064.1. This decline represents a notable downturn for the company, which has underperformed its sector by 8.49%. The stock opened with a gap down, reflecting an initial loss of 8.34%.

Throughout the trading session, Indiamart Intermesh continued to decline, hitting an intraday low of Rs. 2064.1, marking a total drop of 9.69%. The stock is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a prevailing bearish trend.

Over the past year, the company's performance has declined by 17.12%, contrasting sharply with the Sensex, which has seen a gain of 6.66% during the same timeframe. These metrics highlight the challenges facing Indiamart Intermesh in the current market environment.
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