IndiaMART InterMESH Ltd. shares reached a new 52-week low of Rs 1,905 on June 29, 2026. This marks the sixth consecutive session of declines for the stock. The share price dropped over 10.5% during this period, sharply underperforming the Sensex index. Current prices remain well below all key moving averages.
The company held its 27th Annual General Meeting today amid the sustained sell-off. Profit after tax (PAT) fell 66.8% in the latest quarter compared to the previous four-quarter average. Analysts attribute the poor performance to this significant contraction in profitability.
High valuations remain difficult to justify despite a strong return on equity. Recent earnings slumps continue to weigh on investor sentiment.