New Delhi, June 25 -- Indiamart Intermesh share price in focus today: Shares of Indiamart Intermesh, an online B2B marketplace, gained 6.5% in early trade on Wednesday, June 25, hitting a 8-month high of Rs.2,655 apiece, despite the Indian stock market opening on a subdued note amid the fragile Iran-Israel ceasefire.

The rally in the multibagger stock came after investor sentiment turned optimistic, following an upgrade by domestic brokerage Nuvama Institutional Equities, which raised its rating on the stock from 'Reduce' to 'Buy.' Nuvama also raised its target price to Rs.3,800 from Rs.2,100, citing expectations of a new demand upcycle for the business.

This comes after earlier downgrades in October 2023 (to 'Hold') and October 2024 (t...