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<ul><li><keyword id="381854" type="General" weightage="20" keywordseo="indiamart" source="Orion">IndiaMart</keyword>’s share price is now above the ₹8,000-mark, compared to ₹1,800 in March 2020.</li><li>The B2B e-commerce company now sits on a market cap of ₹27,483.8 crore ($3.7 billion).</li><li>IndiaMart competes with Tencent-backed Udaan and publicly listed company Just Dial, which was recently acquired by Reliance Industries.</li></ul>If you invested ₹25,000 in <keyword id="5802502" type="General" weightage="20" keywordseo="indiamart-intermesh" source="Orion">IndiaMart InterMesh</keyword> Limited last year in March, your shares would now be worth over ₹1,21,000. It wasn’t a long time ago that IndiaMart’s shares were valued at ₹1,846 (March 27, 2020), right after India stepped into the pandemic-induced lockdown. Along with these restrictions came massive supply chain disruption that left Indian industry — from manufacturing to healthcare — in a void. IndiaMart has been gaining from it since then. A business model that allows buyers and sellers to interact and cash in on their product needs — without physical contact — has allowed IndiaMart to garner the interest of more customers and get confidence of retail investors amidst the pandemic. IndiaMart currently competes with Tencent-backed <a href="https://www.businessinsider.in/business/startups/news/indian-b2b-e-commerce-startup-udaan-raises-280-million-valuation-jumps-to-over-3-billion/articleshow/80132753.cms">Udaan</a> (valued at $3 billion) and publicly listed company Just Dial (market cap of $845 million), which was recently <a href="https://www.businessinsider.in/stock-market/news/mukesh-ambanis-reliance-retail-to-buy-majority-stake-in-justdial-vss-mani-to-continue-as-md-and-ceo/articleshow/84477000.cms">acquired </a>by Reliance Industries. IndiaMart’s share prices were above ₹8,900 as of September 8, 2021. The company’s share prices have increased 24% in the last month, from ₹7,236 on August 9. It now sits on a market capitalisation of ₹27,483.8 crore ($3.7 billion). <div type="image" title="Indiamart share price has gone up nearly five times in last 18 months and the record profit is only a part of what’s driving it" msid="86058098" hostid="261"></div> Jyoti Roy, equities strategist at Angel Broking, told Business Insider India that COVID-19 has shifted B2B commerce trends, from offline to online, and IndiaMart is strategically positioned to cater to such trends. Structural changes have happened in terms of supply and demand, and how these needs are met, he added. As COVID-19 has forced micro, small and medium enterprises (MSME) into the digital arena, all companies that enable such transformation have benefited from it. In general, any newage business — like Affle India or Route Mobile — that lays more stress on digital or digitisation have benefited in the last one year, Roy added. Deven R Choksey, managing director of KR Choksey Investment Managers, noted, “everyone wants to make investments in these kinds of businesses when they are not losing money. In a business-to-customer (B2C) model ecommerce platform loses money.” <div type="image" title="Indiamart share price has gone up nearly five times in last 18 months and the record profit is only a part of what’s driving it" msid="86058074" hostid="261"></div> Founded in 1996, by Dinesh Agarwal and Brijesh Agrawal, IndiaMart currently enables business and discovery for MSMEs. It helps these small businesses with buyer and seller negotiations as well as quotation and invoicing of products. The company has been planning to expand further into the commerce side of the business, with payments, logistics/tracking and transactional financing. <table style="border-width: initial; border-style: none; table-layout: fixed; width: 468pt;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Key points to note about IndiaMart’s performance in April to June quarter of FY22 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">IndiaMart reported a revenue of ₹210 crore, with a new profit of ₹91 crore. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">The company had 66 lakh suppliers on its platform. Its traffic grew to 248 million (24.8 crore). </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">It witnessed organic growth and did not incur any advertising spends. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">The company had 146,000 paid suppliers. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Average revenue per user (ARPU) increased to ₹49,700. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">It reported a revenue of ₹750 crore in FY2021. </td></tr></tbody><tbody></tbody><tbody></tbody><tbody></tbody><tbody></tbody></table>Source: IndiaMart’s financial report, Motilal Oswal “Apart from collections and revenue growth, IndiaMART has shown higher resilience on the margin front. While we concur that margins at current levels are unsustainable, it would see positive benefits from cost optimisation and operating leverage in the long term,” Motilal Oswal said in a <a href="https://www.motilaloswal.com/site/rreports/637628892983928419.pdf">report </a>published in July 2021. More small businesses are going digital, placing orders and finding new customers online. The company has over 70% market share in the underlying industry, the report noted. What’s better, the buyers and sellers on IndiaMart are less sensitive to pricing by the platform, according to Motilal Oswal, allowing the company to steadily increase its average revenue per user. ALSO WATCH: IndiaMart’s founder Dinesh Agarwal explaining the recent trends in e-commerce <div type="Video" msid="86061546" hostid="261" title="IndiaMart’s founder Dinesh Agarwal explaining the recent trends in e-commerce" dataSource="BUSINESSINSIDER" thumbUrl="https://denmark.timesinternet.in/cmslite/api/app/images.jpg?msid=86061546"></div> Motilal Oswal, in the report published before Reliance’s acquisition of Justdial, added, “IndiaMART would continue to work on gaining buyer and supplier traction to emerge as the market leader in this space.” Meanwhile, Roy of Angel Broking said that B2B e-commerce is still at an nascent stage but there is a lot of growth potential for each company over the next three-five years. Therefore, it’s too early to comment on competition at the moment. He also noted that the new age digital businesses have the potential to be valued much higher than the traditional information technology (IT) business that enjoys supremacy today. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/zomato-policybazaar-investor-info-edge-invested-in-nearly-2-startups-every-month-in-2021/articleshow/86028438.cms">Zomato, PolicyBazaar investor Info Edge invested in nearly 2 startups every month in 2021</a> <a href="https://www.businessinsider.in/business/startups/news/byjus-bags-another-150-million-to-fund-its-acquisition-spree/articleshow/86027937.cms">Byju’s bags another $150 million to fund its acquisition spree</a> <a href="https://www.businessinsider.in/business/startups/news/zoho-corp-invests-5-million-in-medical-devices-startup-voxelgrids/articleshow/86000656.cms">Zoho Corp invests $5 million in medical devices startup Voxelgrids</a>

Indiamart share price has gone up nearly five times in last 18 months and the record profit is only a part of what’s driving it

<ul><li>In an interview with Business Insider, <keyword id="127964" type="PERSON" weightage="20" keywordseo="Dinesh-Agarwal">Dinesh Agarwal</keyword> spoke about being the first IPO after the elections and what the future looks like for IndiaMart.</li><li>IndiaMART InterMESH which is the parent company for Indiamart.com, had opened the doors for its ₹4.75 billion IPO. </li><li>Its IPO was oversubscribed 36 times.</li></ul>When IndiaMart opened its doors for an Initial Public Offering, the founder Dinesh Agarwal was apprehensive – after all, it was the first IPO after the elections with the Narendra Modi government coming back to power – and that too a tech IPO! But in two days, investors subscribed for 36 times the total number of shares on offer. Today, the stock has listed 25% over its issue price. IndiaMART InterMESH which is the parent company for Indiamart.com – one of the country’s biggest online marketplaces for businesses – is one of the country’s oldest e-commerce ventures that started in 1999. It competes with TradeIndia.com, Alibaba India and ExportersIndia.com. IndiaMart has over 82.7 million registered buyers and 5.55 million supplier storefronts across 54 industries in India at the end of March 2019. This compares to TradeIndia.com’s (founded in 1996) 4.96 million registered users today, ExportersIndia’s (founded in 1997) over 2.7 million users in India. Meanwhile, the global e-commerce giant Alibaba, which launched the India unit in 2008, has over 6 million members with 15,000 Indian SMEs on its platform. However, at IndiaMart competition isn’t a worry. “We are 16X the size of our next competition, our lead is only growing. It’s a winner takes it all kind of a market and we are getting the larger share as the market is growing,” Dinesh Agarwal, founder and CEO of IndiaMart, told Business Insider. In an interview, Agarwal said the IPO process very overwhelming but he was sure of the prospects. “We were confident about our numbers, having built a robust business and having had great numbers since the last three years. Even while the small and medium enterprises had faced temporary setbacks like demonetization, GST and then the elections, we have managed to put out our best performance,” said Agarwal. IndiaMart’s revenue has been growing at 29% per annum for three years. IndiaMart, which was founded in 1999, today claims to have a 60% market share of the online business classifieds space in India, and it focuses on providing a platform to Small &amp; Medium Enterprises (SMEs), large enterprises as well as individuals. Will the success of Indiamart’s IPO open the doors for others too? “That’s a tall claim. I think it all depends on the readiness of the company rather than the market,” he said. With a listing on the stock market, IndiaMart is now open to market scrutiny. But Agarwal is rest assured. “Our business model has been proven time and again. We know how to steer through tough times and accept newer technologies. When we started we were a desktop based company, now we are a mobile B2B company, so we have seen how to evolve with time. We have seen 5 governments too through our time!,” he said. With the IPO proceeds in its kitty, IndiaMart plans to grow bigger. “Today we are attracting larger companies like Jindal Steel, JCB Machines, who are advertising and generating leads on our platform. We have also adapted SaaS - Software as a Service - where we have developed a CRM for SMEs to manage their leads, invoice management and more,” he said. IndiaMart has also started offering payment facilitation services and Agarwal is looking at fintech as a space to grow further. “Going forward we will be looking at buyer purchase financing and SME lending as well,” he said. SEE ALSO: <a href="https://www.businessinsider.in/indiamart-ipo-subscription-data-and-competition-with-alibaba/articleshow/69930223.cms">IndiaMart, a 20-year old online marketplace and one of the country’s biggest, is selling shares as e-commerce gets more competitive</a>

Indiamart founder CEO Dinesh Agarwal celebrating a 25% jump in value at listing says Indian e-commerce is a ‘winner takes all’ market

<ul><li>Promoters are cashing out of <keyword id="381854" type="COMPANY" weightage="20" keywordseo="Indiamart">Indiamart</keyword> with the ₹4.75 billion initial public offering.</li><li>The IPO closed the first day with 50% subscription. </li><li>IndiaMart faces competition from the likes of Alibaba India.</li></ul>IndiaMart is India’s first big initial public offering (IPO) in the Narendra Modi government’s second term. At the end of the first day, the IPO has been subscribed by 50%. IndiaMART InterMESH which is the parent company for Indiamart.com – one of the country’s biggest online marketplaces for businesses – had opened the doors for its ₹4.75 billion IPO. A total of 4.88 million shares of the company are up for grabs,at a price band of ₹970-₹973 per share. The IPO will be closed for subscription on June 26. IndiaMart had also registered a compounded annual growth in revenue (CAGR) of 26% in the last three years. However, Indiamart will not receive any of the IPO proceeds. In fact, the listing is only an offer for sale (OFS) through which the promoters and shareholders will dilute 0.49 crore shares of the company. Competition in the market IndiaMart, which was founded in 1999, today claims to have a 60% market share of the online B2B Classified space in India, and it focuses on providing a platform to Small &amp; Medium Enterprises (SMEs), large enterprises as well as individuals. IndiaMart has over 82.7 mn registered buyers and 5.55 million supplier storefronts across 54 industries in India as of FY19. What’s better, there has been a growth of 21% in paid subscribers on the platform in the last three years, according to Geojit, and the number of registered buyers has grown 45% in the same period <div type="javascript" title="Custom" contenttype="Image"><cdata><![CDATA[
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 However, its competitors are far behind. Some of its competitors are TradeIndia.com, Alibaba India and ExportersIndia.com. TradeIndia.com was started in 1996 has over 4.96 million registered users today, according to the company’s official website. ExportersIndia was founded in 1997 and has over 2.7 million users in India. Meanwhile, the globally e-commerce giant Alibaba launched the India unit in 2008 and has over 6 million members with 15,000 Indian SMEs on its platform. Alibaba could soon push for growth in the Indian market too given the economy’s potential as the world’s fastest growing economy. E-commerce in India is expected to be $200 billion industry by 2026. Key risks That brings us to the biggest risks that the company could face in the near term. Aside from competition, there is a huge slowdown in overall consumption in India. “Demand slowdown for the types of products and services listed by suppliers on IndiaMart online marketplace,” was the top risk cited by Geojit in a report, followed by losses in previous years as well as high employee costs.

IndiaMart, a 20-year old online marketplace and one of the country’s biggest, is selling shares as e-commerce gets more competitive

IndiaMart’s founder Dinesh Agarwal explaining the recent trends in e-commerce

<ul><li>Market sentiment in some of the <keyword id="6354298" type="General" weightage="20" keywordseo="stocks" source="Orion">stocks</keyword> have turned positive suddenly in the last five days due to change in sector outlook and so on.</li><li>Shares of <keyword id="46294" type="General" weightage="20" keywordseo="nalco" source="Orion">NALCO</keyword> surged more than 11% in the last 5 days due to the rise in metal prices.</li><li><keyword id="381854" type="General" weightage="20" keywordseo="indiamart" source="Orion">IndiaMART</keyword> InterMESH and Hindustan Aeronautics gained more than 10% during the period as it entered the futures and options market.</li></ul>A few weeks ago the fear of loan defaults by small borrowers in the microfinance segment made <keyword id="2240511" type="General" weightage="20" keywordseo="bandhan-bank" source="Orion">Bandhan Bank</keyword> look very vulnerable. Similar pain among shopkeepers, vendors and other micro, small and medium enterprises (MSMEs) would keep dragging the stock of IndiaMart back to near ₹7,000 levels. The outlook didn’t seem to improve sharply for aviation and Interglobe Aviation, which operates <keyword id="6354706" type="General" weightage="20" keywordseo="indigo" source="Orion">IndiGo</keyword> Airlines remained subdued for much of July and August. But all these stocks, along with a few others, seemed to have suddenly gained traction in the last five days. Here are seven such stocks that have picked momentum in the last five days: <table style="border-width: initial; border-style: none;" class="redcator-table-advance"></colgroup><tbody><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Companies </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Stock performance in last 5 days </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">First 25 days of August </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">National Aluminium Company </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">12% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-15% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Mahindra &amp; Mahindra Fin Services </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">8% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-3.60% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Bandhan Bank </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">7% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-11.60% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">IndiaMART InterMESH </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">10% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">-3% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Interglobe Aviation (Indigo) </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">12% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">1.70% </td></tr><tr><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">Hindustan Aeronautics </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">13% </td><td style="border-left:solid #000000 0.8333325pt;border-right:solid #000000 0.8333325pt;border-bottom:solid #000000 0.8333325pt;border-top:solid #000000 0.8333325pt;vertical-align:bottom;padding:2pt 2pt 2pt 2pt;overflow:hidden;overflow-wrap:break-word;">5.60% </td></tr></tbody><tbody></tbody><tbody></tbody></table> National Aluminium Company Shares of the state-run aluminium maker have surged 11% in the last 5 days as the metal prices have been rising because of supply-side bottlenecks in the world’s largest primary aluminium producer, China. Aluminium prices are reportedly expected to stay elevated in the near term. Growing disruptions in supply from China are driving prices up. The disruptions are largely because of new emission rules, power shortages and floods in July. High aluminium prices means better realisations for aluminium makers. <keyword id="149555" type="General" weightage="20" keywordseo="mahindra-mahindra-financial-services" source="Orion">Mahindra &amp; Mahindra Financial Services</keyword> The non-banking finance company’s stock has surged 8% in the last five days led by heavy volumes. Volumes traded in the stock remained elevated above 5-18 million in the last five days. Besides, the financier was at more than 95% collection efficiency in July and expects it to continue as things normalise, said Ramesh Iyer, vice chairman and managing director of the company in an interview with <a href="https://www.cnbctv18.com/finance/raul-rebello-joins-mm-fin-as-coo-confirms-ramesh-iyer-10501961.htm">CNBC-TV18.</a> The market capitalisation of the company stood at ₹19,768 crore as on August 31. Bandhan Bank Investors seem to be picking up the Kolkata based bank’s stock on expectations of high returns. Analysts at Credit Suisse reportedly believe that the bank would give more than 20% return on equity. With this, it has set a target of ₹370 apiece. As on August 31, the stock price is at ₹284.70 per share. Analysts at Kotak Securities feel the same, as it says return on equity is likely to move more than 20%. After the bank reported a 32% on year decline in net profit due to high provisions, analysts at Kotak Securities said it sees an improvement in the second half of FY22 as the economic situation improves. It has set a target price of ₹335 per share. IndiaMART InterMESH Another stock that turned around in the last five days was B2B e-commerce platform IndiaMart InterMESH. The stock surged more than 10% in 5 days against tepid trading in the rest of August. This is primarily because the company’s stock has been added to the futures &amp; options market from August 27. The move boosts participation in the stock as investors and institutions can hedge underlying positions in the stock. Moreover, the B2B e-commerce platform’s consolidated net profit grew by 19% year-on-year to ₹88 crore for the quarter ended June 30, 2021. Hindustan Aeronautics Shares of the state-owned aerospace and defence company were triggered after the company signed a $716-million deal with GE Aviation for supply of engines. Moreover, the stock’s inclusion in the futures and options segment also fueled the rally. ICICIdirect has reportedly set a target price of ₹1,380 per share for the next three months. The stock price stood at ₹1,369.35 as on August 31. <keyword id="11941399" type="General" weightage="20" keywordseo="aptus-value-housing" source="Orion">Aptus Value Housing</keyword> Finance India Shares of the newly listed housing finance company made a turn around after its weak listing last week. Shares of the company had debuted with 6% discount to its issue price and now in the last five days, it has gained 6%. Analysts had remained positive on the stock despite tepid listing as it expects the company to do well in the long run given consistent strong financial performance, industry leading return ratios and good asset quality. Interglobe Aviation Shares of the airline company have been gaining on expectation of recovery in air traffic as pace of vaccinations goes up. A report by ICICI Securities reportedly said that the average daily passenger traffic is recovering gradually after dropping to a low in May 2021 due to second COVID-19 wave’s restrictions. Besides, the appointment of Gregg Saretsky as a special advisor also gave some support to the stock price. He is said to work closely with the executive leadership team to accelerate operational and commercial improvement opportunities at the airline. SEE ALSO: <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/business/startups/news/two-wheeler-financing-company-oto-raises-6-million-to-offer-services-in-15-indian-cities/articleshow/85794223.cms">Two-wheeler financing company OTO raises $6 million to offer services in 15 Indian cities</a> <a target="_blank" class="c-link c-message_attachment__title_link" href="https://www.businessinsider.in/stock-market/news/these-are-some-interesting-data-points-behind-niftys-record-rally/slidelist/85792598.cms">These are some interesting data points behind Nifty’s record rally</a>

The market mood around these seven stocks has suddenly changed ⁠— here's why

<ul><li>The US stocks ended lower on Thursday as hopes of a US coronavirus stimulus deal and US jobless claims weighed heavy on the market. </li><li>Here’s a list of stocks to watch for in trade today. </li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider. </a></li></ul>Amidst mixed sentiments from the global markets, the Indian equities are likely to open flat on Friday. In the Asian market, the SGX Nifty was trading 0.73% higher at 7:51 am, indicating a positive start for Nifty50. However, the US stocks ended lower on Thursday as hopes of a US coronavirus stimulus deal and US jobless claims weighed heavy on the market. The Dow Jones Industrial Average slid 19.80 points, whereas the S&amp;P 500 fell 0.15%. These are the stocks to watch out for during the trading session on October 16: Mindtree Larsen &amp; Toubro (L&amp;T) owned Mindtree posted an 88% jump in its net profit to ₹253.7 crore for the second quarter ended September 30. The company’s revenue for the quarter stood at ₹1,926 crore, marginally up 0.6% year-on-year. The shares of Mindtree ended over 7% lower yesterday. IndiaMart InterMesh The Indian e-commerce company IndiaMart InterMesh has clarified that the media reports claiming potential investment opportunities from Tata Group were incorrect and purely speculative in nature. The shares of IndiaMart InterMesh ended flat yesterday. Persistent Systems The technology services company Persistent Systems said it has entered into an agreement to acquire the US-based CAPIOT Software for $6.34 million (₹465.42 million). The shares of Persistent Systems ended 6% lower yesterday. AstraZeneca Pharma India The drug major AstraZeneca Pharma India said it would launch its Acalabrutinib 100 mg capsules under the brand name ‘Calquence’ on October 21 — the drug is used for the treatment of various types of blood cancers. The shares of AstraZeneca Pharma India ended flat yesterday. Dhanuka Agritech The agrochemical company Dhanuka Agritech’s ₹100 crore buyback will open on October 20 and remain open until November 2. The shares of Dhanuka Agritech ended 2% lower yesterday. Sun Pharma The drug major Sun Pharma clarified to stock exchanges that it had not received any information or notice either from SEBI or anyone regarding the news of SEBI probe of its ex-board member Ashwin Dani. The shares of Sun Pharma ended 3% lower yesterday. Bharti Airtel Competition Commission of India approved completion of the first closing of the telecom giant Bharti Airtel subsidiary Nxtra Data to the Carlyle Group. The shares of Airtel ended 4% lower yesterday. Voltas, Symphony, Bluestar, among others The shares of Voltas, Symphony, Bluestar will also remain in focus during the trade today as the Indian government has banned the import of air conditioners with refrigerants. This move aims to push domestic manufacturing of such goods under a self-reliant India programme. HCL Technologies, Federal Bank, Tata Communications, Bajaj Consumer Care and others <a href="https://www.businessinsider.in/business/corporates/news/hcl-tech-second-quarter-to-see-a-boost-from-cloud-adoption-analysts-expect-it-to-breach-3-5-revenue-growth-guidance/articleshow/78685100.cms">HCL Technologies,</a> Federal Bank, Tata Communications, Bajaj Consumer Care among others are slated to report their second-quarter earnings today. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/dow-jones-ends-lower-for-third-day-as-weak-jobless-claims-stimulus-impasse-weigh-on-sentiment/articleshow/78692395.cms" data-type="tilCustomLink" style=""> Dow Jones ends lower for third day as weak jobless claims, stimulus impasse weigh on sentiment</a> <a href="https://www.businessinsider.in/business/corporates/news/hcl-tech-second-quarter-to-see-a-boost-from-cloud-adoption-analysts-expect-it-to-breach-3-5-revenue-growth-guidance/articleshow/78685100.cms" data-type="tilCustomLink" style="">HCL Tech's second quarter to see a boost from cloud adoption — analysts expect it to breach 3.5% revenue growth guidance</a> <a href="https://www.businessinsider.in/defense/news/border-infrastructure-is-not-the-cause-of-friction-between-india-and-china-says-mea-spokesperson/articleshow/78681546.cms" data-type="tilCustomLink">Border infrastructure is not the cause of friction between India and China, says MEA spokesperson</a>

Top stocks to watch — HCL Tech, Airtel, IndiaMart, Mindtree, AstraZeneca Pharma, Sun Pharma, Voltas, and others

Ready to take full advantage of the current market situation, both eCommerce companies and brick-and-mortar retailers want to make maximum profit and debating over who can be tagged as a marketplace. Both share different views over Foreign Direct Investment (<keyword id="44528" type="ORGANIZATION" weightage="80" keywordseo="FDI">FDI</keyword>) in online stores. 
 eCommerce companies such as Amazon, Flipkart and <keyword id="541988" type="COMPANY" weightage="80" keywordseo="SnapDeal">Snapdeal</keyword> operate as marketplaces in India thus allowing any retailer or trader to sell goods on their platform. But companies such as <keyword id="64373" type="CITY" weightage="80" keywordseo="Shoppers-Stop">Shoppers Stop</keyword>, <keyword id="6398216" type="COMPANY" weightage="80" keywordseo="Tesco">Tesco</keyword>, <keyword id="6357823" type="COMPANY" weightage="80" keywordseo="Big-Bazaar">Big Bazaar</keyword>, <keyword id="58448" type="COMPANY" weightage="80" keywordseo="Reliance-Retail">Reliance Retail</keyword> and others work only with their chosen vendors, which makes them closed marketplaces. 
 
The two models of retail - online and offline - have different business models and cannot be looked upon with the same lens, said Aamir Jariwala, secretary, E-commerce Coalition of India, which represents firms such as YepMe, Ferns n Petals and IndiaMart, told the Economic Times. 
 Among all eCommerce companies, only <keyword id="6354743" type="COMPANY" weightage="60" keywordseo="Amazon-India">Amazon India</keyword> supports opening up online retail to FDI. 
 <keyword id="113282" type="ORGANIZATION" weightage="80" keywordseo="Retailers-Association-of-India">Retailers Association of India</keyword> (RAI), a lobby organisation for companies such as Reliance Retail and <keyword id="44949" type="CITY" weightage="80" keywordseo="Future-group">Future Group</keyword>, has demanded a clarification from the government about what constitutes a marketplace and sought status equivalent to their online rivals, as several large offline retailers, too, explore opening online fronts. 
 
Many of these online stores that could make use of foreign capital are demanding opening up India's ecommerce sector to 100% FDI. But the move is being opposed by larger online marketplaces such as Flipkart and Snapdeal. The government is hearing various retail industry representatives before framing its policy. 
 
While, traditional retailers such as Shoppers Stop and BigBazaar are putting up a united front with RAI. "A lot of our members are either already running or want to open online channels and get access to foreign capital. This ambiguity on 'retail marketplaces' creates a sense of risk," said Kumar Rajagopalan, chief executive at the lobby group. 
 
Offline retailers are also demanding that the government not differentiate within the retail sector by sales channel for drafting FDI regulations. "Creation of a policy on FDI just for online or offline retail is very myopic. It will create an imbalance in the sector," Rajagopalan said. 
 
Ecommerce firms argue that they will lose a good share of the market due to such policies. 
 
Nasir Jamal, secretary general at ECAI, said financial and strategic investors would flock to offline retail if the government equates online and offline retailers with respect to FDI. "Inventory-led ecommerce companies are facing a capital crunch, and are on the lookout for funds and they also need support," he said. 
 "Offline and online retail is converging and the government should precipitate this by having similar policies," said Nitin Gupta, CEO of <keyword id="1493567" type="UNKNOWN" weightage="80" keywordseo="PayU-India">PayU India</keyword>, owned by South Africa's <keyword id="1634215" type="ORGANIZATION" weightage="80" keywordseo="Naspers-Group">Naspers Group</keyword>. 
 
India's ecommerce trade accounts for 2% of the overall retail sector, which grosses over 31.7 lakh crore ($500 billion) annually. The country's online retail sector grew to $12 billion last year. 
 
(Image: Indiatimes)

You Searched For "indiamart ecommerce" and got 7 results

Indiamart share price has gone up nearly five times in last 18 months and the record profit is only a part of what’s driving it

Kritti Bhalla

Indiamart founder CEO Dinesh Agarwal celebrating a 25% jump in value at listing says Indian e-commerce is a ‘winner takes all’ market

Sanchita Dash

IndiaMart, a 20-year old online marketplace and one of the country’s biggest, is selling shares as e-commerce gets more competitive

Sanchita Dash

IndiaMart’s founder Dinesh Agarwal explaining the recent trends in e-commerce

Business Insider India

The market mood around these seven stocks has suddenly changed ⁠— here's why

Bhakti Makwana

Top stocks to watch — HCL Tech, Airtel, IndiaMart, Mindtree, AstraZeneca Pharma, Sun Pharma, Voltas, and others

Navdeep Yadav

Fearing competition, Flipkart, Snapdeal oppose 100% FDI in India’s eCommerce sector

BI India Bureau

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