Indiamart Gets ‘Add’ Rating From Choice Equities With ₹2,340 Target, May 26

Choice Institutional Equities released ratings on new-age technology stocks following Q4FY26 earnings. Indiamart Intermesh Ltd received an ‘Add’ rating with a ₹2,340 price target. The brokerage highlighted that AI-led platformisation drives operating leverage and monetisation across digital-first businesses. The rating reflects analyst confidence in the sector’s ability to scale revenue while improving margins through technology investment.

Indiamart’s Rating and Price Target

Choice Institutional Equities assigned Indiamart an ‘Add’ rating with a ₹2,340 price target. This reflects analyst expectations for the e-commerce platform to benefit from AI-driven efficiency gains. The rating places Indiamart alongside other new-age tech stocks that Choice believes will see margin expansion as platforms scale.

Broader Tech Sector Momentum

The brokerage issued multiple ratings across new-age tech stocks. Nazara Technologies received a ‘Buy’ rating at ₹400 target. Oracle Financial Services Software got a ‘Buy’ rating at ₹10,890. Intellect Design Arena stood out with a ‘Buy’ rating projecting 74% upside to ₹1,250 from ₹717.90. Choice sees significant upside in the sector as platforms enter monetisation phases after infrastructure investment.

AI Platformisation Driving Growth

Choice noted that AI-led platformisation creates operating leverage across digital businesses. The brokerage tracked Intellect Design’s transition into a monetisation phase for its eMACH.ai platform with 700 microservices. This pattern applies to Indiamart and other platforms scaling AI capabilities to improve customer acquisition and retention while reducing costs per transaction.

What This Means for Investors

Indiamart’s ‘Add’ rating signals analyst confidence in the stock’s ability to deliver returns above market average. The ₹2,340 target reflects expectations for revenue growth driven by AI adoption and platform efficiency. With Choice rating the stock ‘Add’ and the broader sector seeing tailwinds from AI monetisation, the data points to near-term upside potential for patient investors.

Final Thoughts

Choice Equities rates Indiamart ‘Add’ with ₹2,340 target, reflecting AI-driven growth potential. The rating positions the e-commerce platform to benefit from operating leverage as digital businesses scale. Investors should monitor Q1FY27 results to confirm margin expansion trends.

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