logo
Matrimony.com Ltd.
06 Nov 2020, 12:00AM
530.60
-2.24%
ICICI Securities Limited
The company's paid subscribers increased 25.7% YoY mainly led by company's focus on Tier II and Tier III cities to drive subscriber growth. In addition, Matrimony is now approaching with differentiated pricing, which will help in targeting & converting active subscribers to paid subscribers. Further, increasing market share in the north (that we believe is equally distributed among competitors) is expected to drive paid subscriber growth. This coupled with double digit growth (up 13.5% YoY) in matchmaking billing in current quarter and company's expectation of double digit billing...
Matrimony.com Ltd. is trading above its 100 day SMA of 518.3
More from Matrimony.com Ltd.
Recommended