Morning brief · Monday, 2 November 2026

Indiamart Intermesh Limited struggles as paying suppliers fall below Q2FY25 levels

Week ahead

As Indian benchmarks rebound from key support levels, market participants are bracing for an active week dominated by second quarter earnings from major companies including ITC, Marico, Escorts Kubota, NALCO, Container Corporation of India, Amara Raja Energy and Mobility, MOIL, Dabur India, Premier Energies, Shipping Corporation of India, RITES, NBCC India, Emami, and Sonata Software, alongside domestic October purchasing managers index data on Monday and Wednesday. Global sentiment will be shaped by the US Midterm Elections on Tuesday and the subsequent results, followed by the Bank of England interest rate decision on Thursday and the US October employment report on Friday. With weekly options expiries for the Nifty 50 on Tuesday and the Sensex on Thursday, analysts expect range-bound trading with bouts of volatility, reflecting a sideways-to-bullish near-term bias for benchmarks while the broader trend for indexes like the Bank Nifty remains cautious.

From the investor's mind

One post worth your time, explained

@unseenvalue · on X

Intel is quietly positioning itself to rebuild its strategic advantage in the semiconductor market just as global artificial intelligence demand faces severe supply constraints. Investor Sajal Kapoor points out that if the company can successfully bring its manufacturing capacity online ahead of Wall Street expectations, its financial upside could dwarf the currently pessimistic market narrative. This contrarian thesis hinges on the timing of capital execution, suggesting that having supply ready to meet unfulfilled industry demand will serve as a massive growth lever. Ultimately, the takeaway is that the market may be underestimating the latent value of Intel's long-term capacity investments.

Word in the street

What the wider market is buzzing about

Indiamart Intermesh Limited

₹1,487Past year ▼ 38%M.cap ₹8,942 Cr

Investors are increasingly focusing their attention on Indiamart Intermesh Limited, a company with a market cap of about 8,942 crore whose stock has fallen 38.04 percent over the past year. The primary concern dominating discussions is the company's inability to turn around operational challenges in its core business. Paying suppliers are now lower than they were eight quarters ago in Q2FY25, and the company has recorded net negative paying supplier growth for the last four quarters. For many watching the stock, these persistent operational struggles mean the bear case for the company is now looking significantly stronger than the bull case.

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