Triangle Pattern Breakout is on the way in IndiaMart IntermeshHello everyone i hope you all will be doing good,, today i have brought a stock which is still trading inside the triangle pattern, but there is higher probability we will see huge breakout very soon with huge volume on all time frame. Stock is really good name is IndiaMART, and it is the first and largest B2B digital marketplace in the country, today stands out as a game-changer on the B2B landscape. It focuses on integrating the Small and Medium Businesses (SMEs) into the new paradigm with speed and ease, we are constantly pushing the frontiers of innovation to make the online marketplace more accessible, visible and engaging to them.
Largest in the industry:-
The company commands nearly 60% market share of the online B2B classifieds space which makes it the largest player in the industry.
Well Diversified Marketplace:-
As of FY24, their website has ~108 million product listings from 56 different industries, making them one of the most diversified marketplaces in Indian. No single industry accounts for >8% of total paying suppliers. Construction & Building Raw Material is the largest category in the marketplace and covers ~8% of it. There are ~98,000 product categories.
Logistics Partner:-
Commercial Vehicles - Tata Motors, Mahindra, Piaggio, Atul Auto, TVS.
Merger of Subsidiaries:-
In March,24, the company merged the WOS Hello Trade Online Private Limited and Tolexo Online Private Limited into Busy Infotech Private Limited.
Technically stock has not given breakout yet, but there is higher probability breakout is coming soon, it is just on the way. Stock is good, it has monopoly in business, it is having 60% market share. I think it has potential to become multibagger in long term, so if anybody wants to go long term investing, then this is one of the kind of that stock, invest and forget type. So take it or regret later... In short term to medium term, i already mention the levels please go accordingly.
Disclaimer:-Personally i am holding this stock for long term with lower levels.
Market Cap
₹ 16,134 Cr.
Current Price
₹ 2,690
High / Low
₹ 3,336 / 2,229
Stock P/E
48.2
Book Value
₹ 289
Dividend Yield
0.74 %
ROCE
23.9 %
ROE
17.6 %
Face Value
₹ 10.0
Industry PE
62.3
Debt
₹ 40.7 Cr.
EPS
₹ 55.7
Promoter holding
49.2 %
Intrinsic Value
₹ 1,559
Pledged percentage
0.00 %
EVEBITDA
32.1
Change in Prom Hold
0.00 %
Profit Var 5Yrs
75.6 %
Sales growth 5Years
18.7 %
Return over 5years
32.4 %
Debt to equity
0.02
Net profit
₹ 334 Cr.
ROE 5Yr
19.8 %
Profit growth
18.2 %
Earnings yield
2.88 %
Disclaimer:- Please always do your own analysis or consult with your financial advisor before taking any kind of trades.
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Thankyou.
