Zomato first startup in Sensex 30
2 weeks, 2 days ago

Zomato first startup in Sensex 30

Deccan Chronicle  

Chennai: Food tech giant Zomato has made history as the first Indian startup to join the Bombay Stock Exchange Sensex 30, replacing JSW Steel in the benchmark index of India’s top 30 companies. Zomato’s total market capitalization of Rs 2.7 lakh crore surpassed JSW Steel's Rs 2.24 lakh crore. However, on Monday, following its inclusion in the Sensex 30, Zomato's stock declined by 3.15 per cent to Rs 273.90 on the Bombay Stock Exchange. During the second quarter of the ongoing fiscal year, Zomato achieved a remarkable 68.5 per cent quarter-on-quarter growth in operating revenue, reaching Rs 4,799 crore from Rs 2,848 crore in Q2 FY24.

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History of this topic

Zomato’s losing steam and the Blinkit drag
Trending News
22 hours, 23 minutes ago

Zomato’s losing steam and the Blinkit drag

Live Mint  

Zomato has been a poster child of startup success. For perspective, Zomato’s food-delivery business turned profitable as early as the second quarter of FY23, but owing to the drag by Blinkit, Zomato as a whole turned profitable only in FY24. Food delivery: From strength to strength Even as Blinkit grows as a share of Zomato’s business, food-delivery has remained the …

Zomato share price tumbles 3% today as poor market run continues. What's next?
Trending News
1 day, 6 hours ago

Zomato share price tumbles 3% today as poor market run continues. What's next?

India Today  

Shares of food delivery giant Zomato extended their decline for the fourth consecutive session, falling over 3% in early trade on Wednesday. The ongoing slide in Zomato’s stock was triggered by a downgrade from foreign brokerage Jefferies, which changed its rating from “buy” to “hold.” The brokerage also slashed its target price by 18% to Rs 275, down from Rs …

Zomato shares drop 5% after Jefferies downgrades stock, cuts target price by 18% to ₹275
1 day, 23 hours ago

Zomato shares drop 5% after Jefferies downgrades stock, cuts target price by 18% to ₹275

Live Mint  

Shares of food aggregator Zomato fell 5 per cent on Tuesday, January 7 after global brokerage Jefferies downgraded the stock to 'Hold', according to media reports. The brokerage also reduced its target price for Zomato by 18 per cent from ₹335 to ₹275, indicating just over 9 per cent upside potential. In response to these challenges, Jefferies significantly lowered its …

Is Zomato's dream stock market run over?
2 days, 6 hours ago

Is Zomato's dream stock market run over?

India Today  

Shares of Zomato fell over 5% in early trade on Tuesday, extending its weak market run after a period of strong gains. The brokerage also reduced its target price for the food delivery giant by 18% to Rs 275, down from Rs 335, reflecting concerns over intensified competition in the quick commerce segment. Jefferies cited heightened competition from Swiggy’s Instamart, …

Zomato share price falls after Jefferies downgrades stock, cuts target price to Rs 275
2 days, 6 hours ago

Zomato share price falls after Jefferies downgrades stock, cuts target price to Rs 275

India Today  

Foreign brokerage Jefferies has downgraded Zomato from a ‘Buy’ to a ‘Hold’ rating, slashing its target price to Rs 275 from Rs 335, citing increased competition in the quick commerce segment. It initiated coverage on both Zomato and Swiggy with ‘Buy’ ratings, setting 12-month target prices of Rs 385 and Rs 705, respectively. ZOMATO VS SWIGGY While Zomato leads in …

Bears Back in Action, Sensex Tumbles 720 Pts, Nifty Down 200 Pts
5 days, 11 hours ago

Bears Back in Action, Sensex Tumbles 720 Pts, Nifty Down 200 Pts

Deccan Chronicle  

Mumbai: The Indian benchmark indices broke its two-day run to end lower on Friday, the third trading day of 2025. The benchmark BSE Sensex lost 720.60 points or 0.90 per cent to close at 79,223.11, while the broader Nifty 50 index closed at 24,004.75, lower by 183.90 points or 0.76 per cent as investors sold banking and IT stocks ahead …

Zomato shares unexpectedly in the red after Sensex entry
2 weeks, 3 days ago

Zomato shares unexpectedly in the red after Sensex entry

Hindustan Times  

Zomato Ltd shares saw an unexpected drop after the food delivery giant got included in the Bombay Stock Exchange's Sensex index comprising of the top 30 stocks in the country. Zomato got included on the Sensex on Monday, December 23, 2024, replacing JSW Steel Ltd. Zomato's inclusion comes at a time when the food delivery giant's shares rallied nearly 43% …

Zomato debuts on Sensex, inflows worth over ₹4,300 crore expected
Top News
2 weeks, 3 days ago

Zomato debuts on Sensex, inflows worth over ₹4,300 crore expected

Hindustan Times  

Food delivery giant Zomato Ltd is debuting on the Bombay Stock Exchange's benchmark Sensex index on Monday, December 23, 2024, making it the first startup or newer company to do so. 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 …

Zomato shares to be in focus today. Here's why
Trending News
2 weeks, 3 days 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
2 weeks, 4 days 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
2 weeks, 4 days 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 QIP, Swiggy IPO to Reliance Industries: Where did mutual funds invest most in November?
3 weeks, 6 days ago

Zomato QIP, Swiggy IPO to Reliance Industries: Where did mutual funds invest most in November?

Live Mint  

New-age stocks caught the attention of mutual fund investors in November, with food delivery giants Zomato and Swiggy receiving the largest share of investor money. According to a recent report by Nuvama Institutional Equities, mutual funds invested ₹26,400 crore in stocks last month, with ₹5,600 crore allocated to Zomato’s Qualified Institutional Placement and ₹5,300 crore invested in its biggest competitor, …

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

Zomato shares climb over 6% to record high, end 18 of last 21 months in green with 500% gain
1 month ago

Zomato shares climb over 6% to record high, end 18 of last 21 months in green with 500% gain

Live Mint  

Stock Market Today: Shares of Zomato, the food delivery aggregator, achieved a new milestone in Thursday's trade on December 5, crossing the ₹300 mark for the first time in intraday trade to touch a fresh record high of ₹304.65, gaining 6.4 per cent and surpassing its previous all-time high of ₹298.25, which was recorded in September. Global brokerage firm CLSA …

Zomato raises ₹8,500 crore via QIP at ₹252.62 per share to bulk up cash reserves
1 month, 1 week ago

Zomato raises ₹8,500 crore via QIP at ₹252.62 per share to bulk up cash reserves

Live Mint  

Bengaluru: Food and grocery delivery player Zomato has raised ₹8,500 crore through its qualified institutional placement, allocating 33.64 crore shares at ₹252.62 apiece, it said in a filing with the stock exchanges on Friday. The Gurugram-based company’s cash balance fell to ₹10,800 crore in the September quarter of FY25 from ₹14,400 crore when it launched an initial public offering in …

BSE revises price band of Zomato, Paytm, Adani Total Gas, and 52 other stocks from November 29
1 month, 1 week ago

BSE revises price band of Zomato, Paytm, Adani Total Gas, and 52 other stocks from November 29

Live Mint  

The Bombay Stock Exchange on Friday, November 28, announced that it has revised the price band of Zomato, Paytm, Adani Total Gas, and 52 other stocks, effective Friday, November 29, according to the official exchange filing. Stocks with 10% price revision According to the official notice, there are 46 company stocks for which the price band has been revised to …

Zomato Share Price Today on 27-11-2024: Zomato share price are up by 2.45%, Nifty up by 0.02%
1 month, 1 week 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?
1 month, 1 week 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
1 month, 1 week 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%
1 month, 2 weeks 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
1 month, 2 weeks 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%
1 month, 2 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
1 month, 2 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 shares jump 7%, inclusion on BSE replacing JSW Steel soon
1 month, 2 weeks ago

Zomato shares jump 7%, inclusion on BSE replacing JSW Steel soon

India Today  

Zomato's shares surged 7% in early trade today, reaching a high of Rs 282.85 on the BSE. This rally follows the announcement of its inclusion in the BSE Sensex, replacing JSW Steel. On Friday, BSE's subsidiary Asia Index Private Ltd announced changes in multiple indices, including the BSE Sensex, BSE 100, BSE Sensex 50, and BSE Sensex Next 50. Zomato’s …

Zomato, RVNL, Zee, HDFC, HCL, Cochin Shipyard: Stocks to watch today
1 month, 2 weeks ago

Zomato, RVNL, Zee, HDFC, HCL, Cochin Shipyard: Stocks to watch today

India Today  

Results for the assembly elections in Maharashtra, the financial capital of India, were announced on Saturday, and the win is expected to influence market sentiment positively when trading resumes on Monday. STOCKS TO WATCH TODAY As markets reopen, several stocks are likely to be in focus due to specific developments and announcements: Indian Bank The Financial Services Institutions Bureau has …

BSE Sensex Rejig: New-age tech giant Zomato to replace JSW Steel on BSE Sensex index from December 23
1 month, 2 weeks ago

BSE Sensex Rejig: New-age tech giant Zomato to replace JSW Steel on BSE Sensex index from December 23

Live Mint  

BSE Sensex Rejig: Food delivery giant Zomato will replace JSW Steel in the BSE Sensex index from December 23, 2024, as part of a periodic rebalancing of constituents. Reconstitution of BSE indices On Friday, BSE's wholly-owned subsidiary Asia Index Private also announced the reconstitution of several indices, including BSE 100, BSE Sensex 50, and BSE Sensex Next 50. BSE Sensex …

Zomato Share Price Today on 22-11-2024: Zomato share price are down by -0.99%, Nifty up by 1.21%
1 month, 2 weeks 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, 2 weeks 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, 2 weeks 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, 2 weeks 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 …

Swiggy and Zomato: What should be your strategy for these two new age tech stocks?
1 month, 3 weeks ago

Swiggy and Zomato: What should be your strategy for these two new age tech stocks?

Live Mint  

Swiggy and Zomato: The focus on food delivery companies has intensified over the past few weeks, particularly with Swiggy making its debut on the Indian stock market. “While on an absolute basis Swiggy offers decent upside, we would prefer Zomato if asked to pick only one due to its superior execution in the past and market leadership across key segments. …

Stocks to Watch: Zomato, Nykaa, Hero MotoCorp, RIL, Godrej Properties, and more
1 month, 3 weeks 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 Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut
1 month, 3 weeks ago

Zomato Welcomes Swiggy to Stock Market With Warm Post as it Makes Debut

Deccan Chronicle  

Hyderabad: Food delivery giant Zomato on Wednesday shared a post welcoming its rival Swiggy as it made its stock market debut. Couldn't have asked for a better company to serve India with," he wrote on X. Swiggy got listed at Rs 420 on the NSE, a 7.69 per cent jump from the issue price. According to a report by PTI, …

Zomato Share Price Today on 13-11-2024: Zomato share price are down by -0.94%, Nifty down by -1.36%
1 month, 3 weeks 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, 3 weeks 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 …

'You and I…': Zomato welcomes Swiggy on Dalal Street after stock market listing
1 month, 3 weeks ago

'You and I…': Zomato welcomes Swiggy on Dalal Street after stock market listing

India Today  

Food delivery giant Zomato welcomed Swiggy stock market debut on Tuesday with a warm social media post. The post was accompanied by an image of Swiggy and Zomato delivery persons standing in front of the Bombay Stock Exchange building. Swiggy’s IPO was oversubscribed by 3.59 times, but non-institutional investors showed lower interest, with subscriptions at 0.41 times. Meanwhile, markets remained …

Zomato Share Price Today on 12-11-2024: Zomato share price are up by 0.97%, Nifty down by -1.07%
1 month, 4 weeks 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, 4 weeks 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%
2 months 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%
2 months 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
2 months 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's Stock Recovers After Volatility, but Analysts Remain Cautious
2 months, 2 weeks 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 …

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

Stocks to Watch: Zomato, Bajaj Auto, ABFRL, TCNS Clothing, IndusInd Bank, Hindustan Copper, Torrent Power
4 months, 2 weeks ago

Stocks to Watch: Zomato, Bajaj Auto, ABFRL, TCNS Clothing, IndusInd Bank, Hindustan Copper, Torrent Power

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Torrent Power: Torrent Power has approached the National Company Law Appellate Tribunal to challenge the National Company Law Tribunal order that approved Sarda Energy and Mining's resolution plan for the debt-laden SKS Power Generation. Despite Torrent Power's objections, which claimed the selection process was discriminatory and …

Antfin to sell shares in Zomato worth Rs 3,400 cr
4 months, 2 weeks 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?
5 months 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 Shares Zooms Over 12%, Hit 52-Week High After Reporting Significant Profit Jump
5 months 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%
5 months, 1 week 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. …

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