IndiaMART InterMESH shares in focus on declaring Rs 50 dividend

Shares of IndiaMART InterMESH are likely to be in focus on Tuesday, June 17, after the company proposed a substantial total dividend of Rs 50 per equity share for the fiscal year 2024-25 to its shareholders.

The said payout includes a final dividend of Rs 30 per share and a special dividend of Rs 20 per share.

“The following items as stated in the Notice of the AGM were considered at the AGM: To declare a final dividend of Rs. 30/- per equity share for FY 2024-25 and a special dividend of Rs. 20/- per equity share aggregating to total dividend of Rs. 50/- per equity share,” the company said in an exchange filing.


Over the last 12 months, Trendlyne data suggests that IndiaMART has announced a total equity dividend of Rs 50 per share. Based on a market price of Rs 2,490.50, this translates to a dividend yield of 2.01%.

IndiaMART InterMESH technical placement

The shares of IndiaMART InterMESH are currently placed well above all their short-, medium-, and long-term exponential moving averages (EMAs), i.e., 10, 20, 50, 100, and 200 DEMA.

On the RSI, the stock is placed near the 66.6 mark, which is a mid-range level. An RSI below 30 is considered oversold, and above 70 is considered overbought.

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IndiaMart InterMESH share price history

Over the past year, IndiaMART InterMESH Ltd.'s stock has declined by 3.39%. However, the stock has shown positive momentum in recent periods, gaining 8.95% year-to-date, 4.79% over the last six months, 27.28% in the past three months, and 5.97% over the last 1 month.

On Monday, the shares of IndiaMart closed nearly 1% higher at Rs 2,489.95 on the BSE.

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