IndiaMART InterMESH hits highest level since listing, zooms 51% in 3 weeks

Shares of IndiaMART InterMESH were trading higher for the fifth straight day, up 3 per cent at Rs 1,739 on the BSE on Wednesday. The stock was quoting at its highest level since listing on July 4, 2019.

In past three weeks, the stock of India's largest online business-to-business marketplace has zoomed 51 per cent from level of Rs 1,155, as compared to 2.5 per cent decline in the S&P BSE Sensex during the same period. The company had raised Rs 475-crore through initial public offering by issuing shares at Rs 973 per share.

Earlier this month, IndiaMART,