Street view: BUY with a target of ₹2400.

Bulls: HDFC Securities believes that IndiaMart's strong brand and market leadership in the e-commerce space will drive growth; the brokerage also expects a significant increase in the company's profitability due to cost optimization and operational efficiencies.

Bears: Edelweiss Securities is concerned that the company's growth may be impacted by intense competition from new entrants in the e-commerce space; the brokerage also expects a decline in profitability due to increased investments in marketing and technology.