Momentumisers: Why the street is betting on Matrimony.com

Matrimony.com is moving with momentum and that’s reflective in the kind of way the moving averages are also going ahead -- the 20-day moving average (DMA) crossed the 50-DMA and the stock’s current price is almost 2 times its 200-DMA of Rs 627. In the last two trading sessions, it saw shares worth nearly Rs 12 crore being marked for delivery.

The momentum could be on the back of the street betting big on digital play alongside the likes of Indiamart, Just Dial, etc.