In today’s briefing:
- Indiamart Intermesh (INDIAMART) – Friday, Oct 20, 2023
- Weekly Wrap – 19 Jan 2024
- EQD | NIFTY Pullback Already OVERSOLD: Prepare for WEEKLY LONG Trade
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Indiamart Intermesh (INDIAMART) – Friday, Oct 20, 2023
Key points (machine generated)
- IndiaMart is India’s largest online B2B marketplace with a market cap of $2 billion.
- The company has a 60% market share of B2B e-commerce in India, indicating a large potential for growth.
- IndiaMart benefits from a negative working capital business model, upfront supplier subscription payments, and a net cash balance sheet. It also has the option to invest in new business lines to expand its monetization opportunities. Despite limited advertising spend, the platform attracts over 1 billion in traffic.
This article is sourced from an online content aggregator through publicly available sources and is displayed below for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.
Weekly Wrap – 19 Jan 2024
Lucror Analytics Weekly Wraps provide an overview of all Morning Views comments and reports published by our analyst team in the past week, and also showcase a list of the most-read reports.
In this Insight:
- Lippo Malls Indonesia Retail Trust
- Vedanta Resources
- ReNew Energy Global
- China Jinmao Holdings
- Geely Auto
and more…
EQD | NIFTY Pullback Already OVERSOLD: Prepare for WEEKLY LONG Trade
- Last week at Close the NIFTY Index was OVERBOUGHT, this week it became quickly OVERSOLD, bouncing off from a price area near the Inner Fence support levels for CC=-1.
- Another week down is possible but we see strong support in the 21250-20800 price area.
- Should that support area be reached, it would be a good opportunity to re-enter this index’s Bull market.