Amazon Great Indian Festival 2020 - Electronics
Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Amazon Great Indian Festival 2020 - Electronics
Stock Report

| More

Bajaj Consumer Care Joins hand with IndiaMART, to enhance their digital presence in B2B market segment

Posted On: 2020-09-16 06:33:56


IndiaMART InterMesh Ltd., today announced that Bajaj Consumer Care has engaged the services of IndiaMART platform to target potential customers of FMCG products range in the B2B category.

On this development, Mr Jaideep Nandi, MD, Bajaj Consumer Care Ltd. said, "Looking at the current trend of increasing consumer traction on the e-commerce platforms due to the coronavirus pandemic, it is the right time to expand our footprints into online B2B consumer market segment. Today, IndiaMART is the go-to marketplace for all types of businesses with a pan India coverage. Hence post joining hands with IndiaMART we are looking forward to targeting high intent B2B audience. We are hopeful to strengthen the online reach and visibility of Bajaj Consumer Care FMCG products with the increased digital presence."

IndiaMART, is the largest B2B online marketplace in the country with over 100 million registered users. IndiaMART exploits the latest in technology like artificial intelligence, machine learning and data analytics to leverage the robust behavioural matchmaking that connects suppliers with relevant buyers and vice versa, helping businesses to scale up with increased exposure on India's largest online marketplace.

The e-commerce sector in India has witnessed tremendous growth in recent years, and the pandemic has brought in a new wave of consumers looking for contactless buying. The rising internet and mobile penetration in India have resulted in the rapid adoption of the e-commerce model of business and it is estimated to become a $230 billion industry by 2028 accounting for almost 10% of the retail market.

Speaking on this development, Mr. Dinesh Gulati, COO, IndiaMART InterMESH Ltd., said, "Enterprises all over the world are looking to explore digital channels to expand their reach and visibility to target new customer bases not serviced directly through existing sales and distribution networks. Online has become the new norm especially post the Coronavirus outbreak, wherein the businesses are trying to explore the digital way of doing business. IndiaMART provides an enabling marketplace and a large ecosystem to buyers and sellers to expand their reach and penetration."

He further stated, "In the last six months we've witnessed above 40% growth in buyer traffic for consumer care products such as hair oil, face creams and sunscreen, and over 100% for hand sanitizer. This association will enable Bajaj Consumer Care with an alternate sales channel to reach high intent buyers easily."

Today, more and more businesses are utilizing digital mediums for generating leads backed with insights into the consumer mindscape. Digital platforms like IndiaMART provide a significant understanding of the way people are engaging online for enquiries, purchase decision making and sales. Several enterprises are already generating leads from potential buyers through IndiaMART's Enterprise Solutions initiative, thus unlocking the digital way of doing business. Today, more than 350+ leading brands across major industries like Healthcare, Construction Equipment, Oil & Lubricants, Generators, Commercial ACs, Farm Equipment, Hand and Power tools, Commercial Vehicles are executing plans to generate incremental business growth through their association with IndiaMART.

Shares of Bajaj Consumer Care Ltd was last trading in BSE at Rs.183.5 as compared to the previous close of Rs. 186.6. The total number of shares traded during the day was 27075 in over 620 trades.

The stock hit an intraday high of Rs. 187 and intraday low of 183.3. The net turnover during the day was Rs. 5002662.

Shares of IndiaMART InterMesh Ltd was last trading in BSE at Rs. 5137.95 as compared to the previous close of Rs. 5133.05. The total number of shares traded during the day was 9552.

The stock hit an intraday high of Rs. 5205 and intraday low of 4939.10. The net deliverable quantiy was 3264 shares.


Source: Equity Bulls

Click here to send ur comments or to feedback@equitybulls.com

Amazon Great Indian Festival 2020 - Mobiles





Other Headlines:

Shish Industries Ltd H1FY21 PAT at Rs. 0.51 crore

L&T Technology Services Ltd Board approves dividend of Rs. 7.50

Kiri Industries Ltd updates on appeal filed at Singapore Court of Appeal

Zensar divests its non-core TPM / MVS Business

L&T Technology Services Ltd posts Q2FY21 consolidated PAT of Rs. 165.5 crore

TATA Metaliks Ltd reports net profit of Rs. 82 crore in Q2FY21

ITC Ltd.'s Jelimals Immunoz' study reveals 94% children miss 'Going to school' and 95% miss 'Meeting friends' in person

Rallis India reports Q2 Consolidated Revenues at Rs. 725 Cr, PAT at Rs. 83 Crores

Texmaco Rail & Engineering Limited announces Financial Results for Q2 and HYl of FY 2020-21

CSB Bank - Q2FY21 - Surging Ahead

Bajrang Finance Ltd board approves voluntary delisting of Remi Edelstahl Tubulars Limited

Tata Tea Gold pays a sincere ode to the revered exuberance associated with Durga Puja and West Bengal's art and culture

Titan Biotech Ltd reports Rs. 7.58 crore consolidated PAT in Q2FY21

Sagarsoft India Ltd Q2FY21 net profit up at Rs. 1.42 crore

Britannia Industries Ltd Q2FY21 consolidated PAT slips QoQ to Rs. 498.13 crores

KIOCL Ltd board approves buyback at Rs. 110 per share

Key Highlights of Bank of Maharashtra's Q2FY21 results

Hero MotoCorp launches Splendor+ Black and Accent

TCS' New Workforce Analytics Solution to Help Companies Attract and Retain the Right Digital Talent

Jamna Auto Industries Trusts Ramco for Digital Transformation

Borosil Renewables Ltd Q2FY21 PAT at Rs. 14.05 crore

Wipro buyback - Arbitrage Opportunity - ICICI Securities

HDFC Life Insurance Company Ltd reports Rs. 327.83 crore consolidated PAT in Q2

ACC Ltd reports consolidated Q3CY2020 PAT of Rs. 363.84 crore

RALLIS India Ltd posts consolidated PAT of Rs. 82.95 crore in Q2FY21

Skipper Ltd posts consolidated PAT of Rs. 12.54 crore in Q2

Century Textiles & Industries Ltd Q2FY21 consolidated net loss at Rs. 14.13 crore

CSB Bank Ltd Q2FY21 net profit up at Rs. 68.90 crore

BALCO recognized in 'The Economic Times Best Brands 2020'

Hatsun Agro Product Limited board reviews CAPEX projects

JK Cement Ltd implements additional capacity of 3 Lac TPA of white cement

MCX launches futures trading on MCX METLDEX, India's first real-time Base Metal Index

Tata Chemicals Ltd board to announce Q2, H1 results on Oct 29, 2020

Hatsun Agro Product Limited board recommends 1:3 bonus issue

Hatsun Agro Product Ltd reports Q2FY21 net profit of Rs. 65.78 crore

Bank of Maharashtra Q2FY21 consolidated PAT at Rs. 130.44 crores

ITC Mangaldeep agarbatti brand performs 'Loka Kshema Puja' for the welfare & wellbeing of all

Smruthi Organics Ltd Q2FY21 PAT zooms to Rs. 5.83 crore

Union Minister of State for Steel visits KIOCL

Cyient Collaborates with SR University to Help Advance the Field of Additive Manufacturing

Edelweiss Asset Management raises USD 900 mn (INR 6,600 cr) in ESOF III

Mahindra's All-New Thar Crosses 15,000 Bookings

Seshasayee Paper & Boards Ltd board to approve Q2, H1 results on Nov 7, 2020

Indoco Remedies Ltd board to announce quarterly results on Nov 6, 2020

Orient Cement Ltd board to consider Q2 results on Oct 29, 2020

Amarjothi Spinning Mills Ltd board to approve second quarter results on Oct 29, 2020

V-Guard Industries Ltd board to announce Q2FY21, H1FY21 results on Oct 28, 2020

Steel Strips Wheels Ltd receives export orders of nearly 5,500 wheels

Cosmo Films Ltd board to consider buy back proposal on Oct 26, 2020

Accelya Solutions India Ltd board to consider quarterly results on Oct 27, 2020







Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019