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Matrimony.Com gains on planning to launch new line of business

Matrimony.Com Ltd. | BPO/ITeS | IT & ITES | BSE: 540704 | NSE: MATRIMONY

24 Sep 2024 Evaluate

Matrimony.Com is currently trading at Rs. 772.80, up by 1.45 points or 0.19% from its previous closing of Rs. 771.35 on the BSE.

The scrip opened at Rs. 775.00 and has touched a high and low of Rs. 776.95 and Rs. 767.55 respectively. So far 2053 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 5 has touched a 52 week high of Rs. 848.00 on 03-Sep-2024 and a 52 week low of Rs. 499.00 on 20-Feb-2024.

Last one week high and low of the scrip stood at Rs. 797.00 and Rs. 762.60 respectively. The current market cap of the company is Rs. 1717.95 crore.

The promoters holding in the company stood at 51.59%, while Institutions and Non-Institutions held 33.54% and 14.86% respectively.

Matrimony.Com has planned to launch a new line of business in the area of Jobs called ‘ManyJobs’. The jobs market in India presents tremendous opportunity, specifically grey-collar jobs. While there are scale players operating in the white-collar jobs space, it sees significant opportunity and whitespace in the grey-collar jobs market.

‘ManyJobs’ will focus exclusively on the grey-collar jobs market and specifically on frontline and entry-level jobs that would help in the differentiated offering and build expertise. The Company is planning the initial launch for the Tamilnadu market in both English & vernacular (Tamil) with website for employers & recruiters in September 2024 and app for job seekers in October 2024. The company will progressively scale this to other parts of the country.

The Board of Directors of the Company approved the launch of a new line of business called Manyjobs.

Matrimony.Com provides both matchmaking and marriage related services through websites, mobile sites and mobile apps.

Matrimony.Com Share Price

440.10 -5.80 (-1.30%)

20-Apr-2026 14:44 View Price Chart

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Matrimony.Com gains on planning to launch new line of business

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