Shares of Indiamart Intermesh fall more than 7% following the company’s Q1 results, even as profit rises. In early trading after the announcement, the stock is reported down about 5.62% on the day, with reports citing a decline of over 7% at one point. The Q1 figures include a roughly 12% year-on-year increase in profit, but the market reaction remains negative. Analysts’ views are described as mixed, with some ratings not supporting the immediate stock performance despite the earnings growth. Several outlets also highlight that the broader market trend has been weak: the shares are down nearly 29% over the past 12 months. The coverage frames the selloff as driven by investor reaction to the results and forward-looking expectations rather than the profit increase alone. Overall, the reporting focuses on the contrast between higher Q1 profit and a continuing decline in the stock’s longer-term performance.