Indiamart Intermesh hits 3-month low after Q2 profit decline

** Shares of Indiamart Intermesh INDIAMART fall 2.18% to 2,293 rupees, its lowest since June 2

** The B2B online marketplace reports nearly 39% decline in quarterly consolidated net profit at 830 million rupees, 11.07% fall in quarterly consolidated revenue from ops at 3.48 billion rupees

** Jefferies ("Sell") cuts its annual EPS forecast by 4%, says continued pressure on subscriber additions will weigh on growth

** Stock rated as "Hold" on average; median PT at 2,550 rupees - LSEG data

** YTD, stock up 2.36%