Zomato's Stock Recovers After Volatility, but Analysts Remain Cautious
2 months ago

Zomato's Stock Recovers After Volatility, but Analysts Remain Cautious

India Today  

Zomato's stock experiences volatility in early trade, with a decline of nearly 5% due to profit booking. However, the company's Q2FY25 results are strong, with a 389% surge in profits and a 68% increase in revenue. The stock price eventually rose to Rs 260.15 on the BSE by 10:22 am, after hitting a day low of Rs 242.45. Several brokerages maintain a bullish outlook on the stock, forecasting strong growth and improved margins in the coming years.

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History of this topic

Zomato shares to be in focus today. Here's why
23 hours, 35 minutes ago

Zomato shares to be in focus today. Here's why

India Today  

Zomato shares are set to be in the spotlight today as the food delivery giant achieves a huge milestone, becoming the first new-age tech company to join the BSE Sensex’s 30-share index. Brokerage firm Nuvama has estimated inflows of $513 million into Zomato due to its inclusion in the Sensex, while JSW Steel may see outflows of $252 million. Brokerage …

Zomato share price falls over 3% after inclusion in Sensex
Trending News
1 day, 19 hours ago

Zomato share price falls over 3% after inclusion in Sensex

Live Mint  

Zomato share price fell over 3% on Monday after the food delivery giant was included in the benchmark BSE Sensex index. Zomato’s inclusion in the Sensex not only reflects the food delivery giant’s market leadership but also signifies the growing prominence of tech-driven companies in the Indian stock market landscape. Zomato Share Price Trend Zomato share price has delivered impressive …

Zomato upends tradition with Sensex entry
1 day, 23 hours ago

Zomato upends tradition with Sensex entry

Live Mint  

Zomato will make history on Monday as the first new-age tech stock to be included in the prestigious BSE Sensex, replacing JSW Steel in a half-yearly rebalancing of constituents. While the rejig is routine, the food delivery giant's inclusion in the club of India's most influential companies underscores the growing prominence of the digital sector. While Sensex companies drive India's …

Zomato slapped with ₹803 crore tax demand by GST authorities
1 week, 3 days ago

Zomato slapped with ₹803 crore tax demand by GST authorities

Live Mint  

Online food delivery platform Zomato, in a regulatory filing on Thursday said that it has received a tax demand of ₹803.4 crore, including interest and penalty from the GST department in Thane. The demand order has been received in respect of non-payment of GST on delivery charges with interest and penalty thereon, the company said adding that it will file …

Zomato CEO Deepinder Goyal responds to ‘false claims just to sound cool’ netizen allegations; Here’s what happened
2 weeks, 2 days ago

Zomato CEO Deepinder Goyal responds to ‘false claims just to sound cool’ netizen allegations; Here’s what happened

Live Mint  

Online food delivery platform Zomato's Chief Executive Officer Deepinder Goyal responded on Friday, December 6, to an individual on the social media platform X asking for an auditor's report on the company's “offsets” to understand the impact of the plastic recycling project. “You will note that IREC and offset purchases equal Zomato's entire carbon footprint for its food delivery business …

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?
2 weeks, 4 days ago

Swiggy and Zomato shares hit all-time high today. Can they deliver more returns?

India Today  

Shares of online food delivery giants Swiggy and Zomato extended their rally on Thursday, driven by strong buying interest among investors. The rally follows Swiggy’s robust Q2 results, which showcased strong revenue growth and promising developments in its quick commerce and food delivery segments. However, Swiggy faced challenges in market share as its gross order value growth in food delivery …

Zomato Share Price Today on 27-11-2024: Zomato share price are up by 2.45%, Nifty up by 0.02%
3 weeks, 5 days ago

Zomato Share Price Today on 27-11-2024: Zomato share price are up by 2.45%, Nifty up by 0.02%

Live Mint  

Zomato Share Price Today on 27-11-2024: At 27 Nov 11:29 today, Zomato shares are trading at price ₹287, 2.45% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Zomato shares up 131% this year: Should you buy multibagger stock?
3 weeks, 5 days ago

Zomato shares up 131% this year: Should you buy multibagger stock?

India Today  

Food delivery giant Zomato’s shares surged over 131% on a year-to-date basis, delivering multibagger returns to investors. Zomato plans to invest Rs 2,100 crore in Blinkit’s capex over FY2026-28, including the development of dark stores and warehousing capabilities. The brokerage noted that Zomato’s food delivery business continues to grow, with a 24% year-on-year increase in power customers to 34 lakh …

Deepinder Goyal's Zomato opens ₹8,500 crore QIP share sale, floor price at ₹265.91 per share
3 weeks, 6 days ago

Deepinder Goyal's Zomato opens ₹8,500 crore QIP share sale, floor price at ₹265.91 per share

Hindustan Times  

Food delivery giant Zomato Ltd has approved a Qualified Institutional Placement, with a floor price of ₹265.91 per share, according to an exchange filing on Monday, November 26, 2024. The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website in this illustration picture taken July 14, …

Zomato Share Price Today on 26-11-2024: Zomato share price are up by 0.8%, Nifty up by 0%
3 weeks, 6 days ago

Zomato Share Price Today on 26-11-2024: Zomato share price are up by 0.8%, Nifty up by 0%

Live Mint  

Zomato Share Price Today on 26-11-2024: At 26 Nov 11:13 today, Zomato shares are trading at price ₹275.8, 0.8% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Zomato CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26
3 weeks, 6 days ago

Zomato CEO Deepinder Goyal forgoes Rs 3.5 crore salary till FY26

India Today  

Deepinder Goyal, the CEO of food delivery platform Zomato, has decided to forgo his annual salary of Rs 3.5 crore until the end of the financial year 2026. He owns a 4.18% stake in Zomato, which is currently valued at over Rs 10,000 crore, based on the company’s closing share price on November 25. ZOMATO’S MARKET PERFORMANCE Zomato has achieved …

Zomato Share Price Today on 25-11-2024: Zomato share price are up by 6.7%, Nifty up by 1.81%
4 weeks ago

Zomato Share Price Today on 25-11-2024: Zomato share price are up by 6.7%, Nifty up by 1.81%

Live Mint  

Zomato Share Price Today on 25-11-2024: At 25 Nov 11:17 today, Zomato shares are trading at price ₹281.85, 6.7% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA …

Zomato Shares Surge 6 Per Cent. Here's Why
Trending News
4 weeks ago

Zomato Shares Surge 6 Per Cent. Here's Why

ABP News  

Shares of Zomato soared as much as 6 per cent in early trade on Monday, fueled by two major developments, its inclusion in the benchmark BSE Sensex and shareholder approval for a Rs 8,500 crore Qualified Institutional Placement. The inclusion highlights Zomato's impressive market performance, with the stock rallying over 113 per cent this year. The company's cash reserves saw …

Zomato Share Price Today on 22-11-2024: Zomato share price are down by -0.99%, Nifty up by 1.21%
1 month ago

Zomato Share Price Today on 22-11-2024: Zomato share price are down by -0.99%, Nifty up by 1.21%

Live Mint  

Zomato Share Price Today on 22-11-2024: At 22 Nov 12:43 today, Zomato shares are trading at price ₹264.1, -0.99% down from the previous closing price. On the technical front, the stock is trading above the 10,20,100,300 days SMA & lower than the 5,50 day SMA. The stock will have support at 10,20,100,300 days SMA & face resistance at 5,50 days …

Zinka Logistics Solutions share price dips after positive debut. Buy, sell or hold?
1 month ago

Zinka Logistics Solutions share price dips after positive debut. Buy, sell or hold?

Live Mint  

Stock market today: Zinka Logistics Solutions shares had a positive listing on the BSE and NSE, but the newly listed stock came under sharp selling pressure and slipped below the upper price band of the public offer. Zinka Logistics Solutions share price opened on the BSE at ₹279.05 apiece and touched an intraday low of ₹260.10 per share. Likewise, Zinka …

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’
1 month ago

Zomato CEO Deepinder Goyal’s advice to Swiggy: ‘Competent people can’t recognise they are complacent, don’t…’

Live Mint  

Swiggy, a direct competitor to Zomato and one of India's leading food delivery aggregators made its highly anticipated stock market debut on November 13. Interestingly, just weeks before Swiggy's IPO, Zomato CEO Deepinder Goyal had some advice for Swiggy's employees, reflecting on his company's own experience of going public in 2021, the Times of India reported. Speaking at the ET …

Zomato share price: Experts see 45% upside in this Multibagger stock. Should you buy?
1 month ago

Zomato share price: Experts see 45% upside in this Multibagger stock. Should you buy?

Live Mint  

Zomato share price: With 118% returns year to date and more than 130% in last one year Zomato Stock has given Multibagger returns to investors. Strong Q2 Results Zomato has seen strong Q2 performance, Zomato Ltd's Q2FY25 net profit increased by 389% to ₹176 crore from ₹36 crore the previous year. Analyst views Post Q2 Analysts at Axis Securities said …

Zomato eyes 30 per cent annual growth in food delivery business in next 5 years: Report
1 month ago

Zomato eyes 30 per cent annual growth in food delivery business in next 5 years: Report

India TV News  

Zomato, an Indian food delivery major reportedly expects its key meal delivery business to grow at an annual rate of 30 per cent over the next 5 years, a top executive stated, hailing the listing of SoftBank-backed peer Swiggy as a boost for the sector. It was on Monday when Rakesh Ranjan, Zomato's food delivery CEO said, "The food delivery …

Stocks to Watch: Zomato, Nykaa, Hero MotoCorp, RIL, Godrej Properties, and more
1 month ago

Stocks to Watch: Zomato, Nykaa, Hero MotoCorp, RIL, Godrej Properties, and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Grasim Industries: Grasim reported a 66% decline in consolidated net profit to ₹390 crore for Q2FY25, down from ₹1,164 crore in the same quarter last year. PTC Industries: PTC Industries posted a net profit of ₹17.31 crore for Q2FY25, more than doubling the ₹8.14 crore reported …

Zomato Share Price Today on 13-11-2024: Zomato share price are down by -0.94%, Nifty down by -1.36%
1 month, 1 week ago

Zomato Share Price Today on 13-11-2024: Zomato share price are down by -0.94%, Nifty down by -1.36%

Live Mint  

Zomato Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Zomato shares are trading at price ₹258.55, -0.94% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Swiggy or Zomato: Which stock will deliver better returns to investors?
1 month, 1 week ago

Swiggy or Zomato: Which stock will deliver better returns to investors?

India Today  

Swiggy’s stock market debut has set off a fresh wave of interest in the food delivery sector. "Despite a strong potential growth runway and an improving margin profile, we believe Swiggy still has a long and winding road to profitability,” the brokerage stated in a research note, adding that, while Zomato remains the more efficient operator, “we prefer Swiggy over …

Zomato Share Price Today on 12-11-2024: Zomato share price are up by 0.97%, Nifty down by -1.07%
1 month, 1 week ago

Zomato Share Price Today on 12-11-2024: Zomato share price are up by 0.97%, Nifty down by -1.07%

Live Mint  

Zomato Share Price Today on 12-11-2024: At 12 Nov 16:01 today, Zomato shares are trading at price ₹261, 0.97% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Zomato Share Price Today on 11-11-2024: Zomato share price are up by 3.77%, Nifty down by -0.03%
1 month, 1 week ago

Zomato Share Price Today on 11-11-2024: Zomato share price are up by 3.77%, Nifty down by -0.03%

Live Mint  

Zomato Share Price Today on 11-11-2024: At 11 Nov 16:01 today, Zomato shares are trading at price ₹258.5, 3.77% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20,100,300 days SMA & lower than the 50 day SMA. The stock will have support at 5,10,20,100,300 days SMA & face resistance at 50 days …

Zomato Share Price Today on 07-11-2024: Zomato share price are up by 0.08%, Nifty down by -1.16%
1 month, 2 weeks ago

Zomato Share Price Today on 07-11-2024: Zomato share price are up by 0.08%, Nifty down by -1.16%

Live Mint  

Zomato Share Price Today on 07-11-2024: At 07 Nov 16:01 today, Zomato shares are trading at price ₹255.15, 0.08% up from the previous closing price. On the technical front, the stock is trading above the 5,10,100,300 days SMA & lower than the 20,50 day SMA. The stock will have support at 5,10,100,300 days SMA & face resistance at 20,50 days …

Zomato Share Price Today on 06-11-2024: Zomato share price are up by 5.29%, Nifty up by 1.12%
1 month, 2 weeks ago

Zomato Share Price Today on 06-11-2024: Zomato share price are up by 5.29%, Nifty up by 1.12%

Live Mint  

Zomato Share Price Today on 06-11-2024: At 06 Nov 16:02 today, Zomato shares are trading at price ₹254.95, 5.29% up from the previous closing price. On the technical front, the stock is trading above the 5,10,100,300 days SMA & lower than the 20,50 day SMA. The stock will have support at 5,10,100,300 days SMA & face resistance at 20,50 days …

Swiggy vs Zomato: Should you apply for Swiggy IPO or buy rival Zomato shares? Analysts weigh in
1 month, 2 weeks ago

Swiggy vs Zomato: Should you apply for Swiggy IPO or buy rival Zomato shares? Analysts weigh in

Live Mint  

The highly-anticipated initial public offering of online food and grocery delivery giant Swiggy is set to hit Dalal Street on November 6, aiming to raise approximately ₹11,327.43 crore from the primary market. Investors now wonder whether they should apply for the Swiggy IPO or buy Zomato shares, which have shown a decent performance. Echoing similar views, Anshul Jain, Head of …

Zomato Q2 Results Preview: Strong Revenue and Profit Outlook
Trending News
2 months ago

Zomato Q2 Results Preview: Strong Revenue and Profit Outlook

Live Mint  

Zomato is expected to announce significant revenue and net profit growth for the September quarter of FY 2024-25, driven by the expansion of its food delivery operations. Analysts predict a 63 per cent YoY revenue growth, with a significant contribution from the Hyperpure and Blinkit divisions. The company is also expected to report an 18.2 per cent YoY growth in …

Multibagger Stock: Zomato Rises 4% To Hit All-Time High; Share Zooms 186% In One Year
3 months, 1 week ago

Multibagger Stock: Zomato Rises 4% To Hit All-Time High; Share Zooms 186% In One Year

News 18  

Zomato Share Price Today: Shares of Zomato rose 4 per cent on Thursday to reach a new all-time high of Rs 283.60 after global brokerage firm UBS maintained a buy rating on the stock with a target price of Rs 320, driven by optimism about the company’s growth. The competitive dynamic between Zomato and Swiggy continued into Q2FY25, and UBS …

Zomato share are up by 2.1%, Nifty down by -0.96%
3 months, 2 weeks ago

Zomato share are up by 2.1%, Nifty down by -0.96%

Live Mint  

At 06 Sep 11:02 today, Zomato shares are trading at price ₹260.25, 2.1% up from the previous closing price. On the technical front, the stock is trading above the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. The SMA values for the stock are given …

Zomato Surges 8% After JPMorgan Hikes Target Price; Check Details
3 months, 2 weeks ago

Zomato Surges 8% After JPMorgan Hikes Target Price; Check Details

News 18  

Shares of food delivery platform Zomato surged 8 per cent to Rs 261.50 on the BSE in Thursday’s intra-day trade amid heavy volumes in an otherwise lacklustre market. For Blinkit, the company’s quick commerce arm, revenues surged 145 per cent year-on-year to Rs 942 crore, though adjusted EBITDA for the same period stood at Rs -3 crore. The gross order …

Antfin to sell shares in Zomato worth Rs 3,400 cr
4 months ago

Antfin to sell shares in Zomato worth Rs 3,400 cr

New Indian Express  

NEW DELHI: Antfin Singapore is reportedly looking to sell Zomato shares worth $408 million or about Rs 3,400 crore. Antfin sold 9.7 crore shares of Zomato in March for Rs 2,827 crore. Antfin Singapore Holding held 37.38 Cr shares, or a 4.3% stake, in Zomato at the end of the June quarter of 2024, according to exchange data. The fresh …

Zomato stock price up 112% in 2024; should investors buy now?
4 months, 2 weeks ago

Zomato stock price up 112% in 2024; should investors buy now?

Live Mint  

Global brokerage firm Nomura has increased its target price for Zomato to ₹280 from ₹225 while maintaining a ‘buy’ recommendation. Q1 Earnings Zomato’s consolidated net profit for Q1FY25 skyrocketed to ₹253 crore, up from ₹2 crore a year ago, driven by increased gross order value across its food delivery, quick commerce, and going-out verticals. Investment Rationale Food Delivery Growth: Nomura …

Zomato collected ₹83 crore in platform fee from customers till March
4 months, 2 weeks ago

Zomato collected ₹83 crore in platform fee from customers till March

The Hindu  

Food delivery aggregator Zomato, which began charging platform fee on orders from last August, collected ₹83 crore through the new levy till March, the company's annual report has revealed. Platform fee has been cited as one of the three key factors driving Zomato's Adjusted Revenue, which grew 27% year-on-year to ₹7,792 crore in FY24. "Adjusted Revenue as a percentage of …

Zomato Shares Zooms Over 12%, Hit 52-Week High After Reporting Significant Profit Jump
4 months, 3 weeks ago

Zomato Shares Zooms Over 12%, Hit 52-Week High After Reporting Significant Profit Jump

ABP News  

Shares of Zomato soared more than 12 per cent on Friday following the food delivery aggregator's announcement of a substantial increase in consolidated net profit, reaching Rs 253 crore for the June quarter. On the NSE, Zomato's stock surged 12.14 per cent to trade at Rs 262.50 per share. Zomato's impressive performance for the April-June period of FY25 was highlighted …

Zomato Q1 results: Zomato net profit up 126 times to ₹253 crore in April-June quarter; revenue rises 74%
4 months, 3 weeks ago

Zomato Q1 results: Zomato net profit up 126 times to ₹253 crore in April-June quarter; revenue rises 74%

The Hindu  

Food delivery aggregator Zomato on Thursday reported a multifold jump in consolidated net profit to ₹253 crore for the April-June quarter of 2024-25 compared to ₹2 crore in the year-ago period. In a letter to shareholders, Zomato Chief Financial Officer Akshant Goyal shared that the gross order value growth across its B2C businesses accelerated to 53% YoY to ₹15,455 crore. …

Zomato Q1 Result: Food Delivery Platform's Net Profit Surges To Rs 253 Crore
4 months, 3 weeks ago

Zomato Q1 Result: Food Delivery Platform's Net Profit Surges To Rs 253 Crore

ABP News  

Zomato Q1 Result: Food delivery platform Zomato announced a beyond-expected rise in quarterly profit, driven by robust demand for its food and grocery delivery services. On Thursday, the company reported a consolidated net profit surged to Rs 253 crore for the April-June quarter of the fiscal year 2024-25, up from Rs 2 crore in the same period last year. The …

Zomato Q1 results: Profit jumps to ₹253 crore; revenue soars 74% YoY
4 months, 3 weeks ago

Zomato Q1 results: Profit jumps to ₹253 crore; revenue soars 74% YoY

Hindustan Times  

Zomato Q1 results: Online food delivery giant Zomato reported multifold year-on-year growth in its consolidated net profit to ₹253 crore for the quarter ended June 30, 2024. The company's net profit jumped 126.5 times in the April-June quarter, compared to the year ago period. Zomato Q1 results: The logo of Indian food delivery company Zomato is seen on its app …

Zomato Q4 results today: Expect net profit to rise 58% to ₹218 crore, revenue growth seen at 6% QoQ
7 months, 1 week ago

Zomato Q4 results today: Expect net profit to rise 58% to ₹218 crore, revenue growth seen at 6% QoQ

Live Mint  

Zomato is estimated to deliver a strong earnings growth during the fourth quarter of FY24 led by healthy food delivery and hyperpure business. The online food delivery platform Zomato is expected to report 6% sequential consolidated revenue growth at ₹3,486.8 crore for the quarter ended March 2024, as per average estimates. In Food Delivery business, JM Financial forecasts sequential Gross …

Zomato hikes platform fee for customers by 25%: How costly will your orders be?
8 months ago

Zomato hikes platform fee for customers by 25%: How costly will your orders be?

Hindustan Times  

Zomato has increased its platform fee on customers by 25 per cent. Zomato platform fee: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed. In case, you opt for Zomato Gold loyalty programme, you don't need to pay the delivery charges although you will have to pay the platform fees. Zomato …

Zomato share price rises for sixth straight session to a record high. Here's why
8 months, 1 week ago

Zomato share price rises for sixth straight session to a record high. Here's why

Hindustan Times  

Zomato share price: The share price of Zomato rose over one percent today as the stock extended gains for the sixth straight session. Zomato share price: The logo of Indian food delivery company Zomato is seen on its app on a mobile phone displayed in front of its company website. Zomato share price: What JM Financial said on the stock? …

Zomato gets tax demand order of Rs 23.26 crore, online food delivery platform to appeal against it
8 months, 3 weeks ago

Zomato gets tax demand order of Rs 23.26 crore, online food delivery platform to appeal against it

India TV News  

Zomato on Sunday stated that it has been issued a tax demand, along with interest and penalty, amounting to Rs 23.26 crore by the Assistant Commissioner of Commercial Taxes in Karnataka. Zomato's regulatory filing In a regulatory filing to the BSE, the company said it has "received an order for FY 2018-19 pursuant to the audit of GST returns and …

Zomato shares hit new record high: Major reasons pushing the stock upwards including IPL effect
8 months, 3 weeks ago

Zomato shares hit new record high: Major reasons pushing the stock upwards including IPL effect

Hindustan Times  

Zomato share price: Shares of Zomato Ltd hit an all-time high today as the market resumed for the last trading week of FY24 after Holi. This comes after e-commerce arm of Zomato Blinkit hiked its delivery charges by ₹11-35 in certain areas in the National Capital Region and Mumbai Metropolitan Region which are likely to boost Zomato's topline and profitability. …

Zomato share price falls 3% after ₹3,112-crore block deal: What's happening
9 months, 2 weeks ago

Zomato share price falls 3% after ₹3,112-crore block deal: What's happening

Hindustan Times  

Zomato share price: Shares of Zomato fell 3 percent in opening deals today. This comes after around 19 crore shares, which accounted for a 2.1 per cent stake in the company, changed hands in a ₹3,112-crore block deal. Zomato share price: Zomato share price fell 3 per cent on March 6. Zomato share price: Zomato reported block deal This comes …

Zomato share price hits 52-week high, here’s what driving the rally
10 months, 1 week ago

Zomato share price hits 52-week high, here’s what driving the rally

Live Mint  

Zomato shares experienced a notable surge of 6 percent during morning trading on February 12, reaching a fresh 52-week pinnacle of ₹158.80 on the National Stock Exchange. The upswing follows Zomato's impressive financial performance, with the Gurugram-based food aggregator reporting a consolidated net profit of ₹138 crore for Q3FY24, a significant turnaround from the net loss of ₹347 crore in …

Zomato: Delivering profit and robust growth
10 months, 1 week ago

Zomato: Delivering profit and robust growth

New Indian Express  

NEW DELHI: Back in June 2022 when Zomato announced its decision to acquire loss-making quick commerce firm Blinkit, there was wide scepticism that this purchase would delay the company’s path to profitability. Zomato on Thursday reported a profit after tax of R138 crore in the December quarter, helped by sharp growth in its quick commerce business and resilience shown by …

Zomato surges over 5 per cent after posting third straight quarter of profit at Rs 138 crore
10 months, 2 weeks ago

Zomato surges over 5 per cent after posting third straight quarter of profit at Rs 138 crore

India TV News  

Shares of online food delivery firm Zomato Ltd surged over 5 per cent on Friday following the company's announcement of a consolidated net profit of Rs 138 crore for the third quarter ended December 31, 2023. Zomato Ltd's revenue surged by 69 per cent year-on-year to reach Rs 3,288 crore, contrasting with the challenges faced by the broader e-commerce sector …

Zomato gets RBI approval to operate as online payment aggregator
10 months, 4 weeks ago

Zomato gets RBI approval to operate as online payment aggregator

Hindustan Times  

Online food delivery platform Zomato on Thursday announced that it has received authorisation by the Reserve Bank of India as an ‘Online Payment Aggregator’. “Pursuant to our earlier disclosure dated August 4, 2021 regarding the incorporation of Zomato Payments Private Limited, a wholly owned subsidiary of Zomato Limited to carry out the business, inter alia, as payment aggregator and issuer …

Zomato soups in new controversy as it retracts from ₹1.6 cr salary job offer
1 year ago

Zomato soups in new controversy as it retracts from ₹1.6 cr salary job offer

Live Mint  

Online food delivery platform Zomato is once again facing the ire of the netizens as on the student of Indian Institute of Technology Delhi took to social to say how the online firm has gone back on its words regarding the placement. Hrithik Talwar, who is a research intern in IIT-Delhi wote on X “Zomato came to the campus, offered …

Analysts remain bullish on Zomato as stock recovers 155% from 52-week low
1 year ago

Analysts remain bullish on Zomato as stock recovers 155% from 52-week low

News 18  

Shares of food delivery firm Zomato have recovered more than 155% from its last 52-week low and brokerages see an upward movement in the stock. The stock closed at Rs 113.2 apiece, up 0.22%, on BSE on Friday, registering a 155.24% gain from its last 52-week low. However, despite recovering significantly from the last 52-week low level the stock is …

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