Zomato IPO this week: Should you subscribe? What brokerages say
3 years, 5 months ago

Zomato IPO this week: Should you subscribe? What brokerages say

Live Mint  

India’s largest online food ordering platform is looking to raise as much as ₹9,375 crore in the public issue. As per market observers, Zomato grey market premium has seen a dip as it is trading in the range of ₹7.75-8.25, which is around 10% over upper end of the IPO price band of ₹76. The grey market is an unofficial platform, wherein trading starts after the announcement of IPO price band till the listing of IPO shares. Brokerage views on the IPO - Motilal Oswal: Zomato with first mover advantage is placed in a sweet spot as the online food delivery market is at the cusp of evolution. The company has certain positivities like asset light scalable business model, expanded target market post the pandemic, first mover advantage in food delivery business etc.

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History of this topic

Zomato shares to be in focus today. Here's why
1 day, 17 hours 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 upends tradition with Sensex entry
2 days, 16 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 …

Mobikwik IPO Allotment Today: Check GMP, Listing Status And Other Details
1 week, 1 day ago

Mobikwik IPO Allotment Today: Check GMP, Listing Status And Other Details

ABP News  

The final allotment of the Mobikwik maiden offer will be completed today. Investors who placed bids for the initial public offering will find out the allotment status of their application on December 16, 2024. Retail individual investors subscribed 134.67 times their reserved quota, while Qualified Institutional Buyers placed 119.50 times bids their reserved quota. Investors can check the allotment status …

Mobikwik IPO: GMP, subscription status, allotment date, listing date in focus. How to check allotment status online
1 week, 3 days ago

Mobikwik IPO: GMP, subscription status, allotment date, listing date in focus. How to check allotment status online

Live Mint  

Mobikwik IPO: After three bids for the initial public offering of One Mobikwik Systems Limited, applicants eagerly await the announcement of share allotment. Bidding for the Mobikwik IPO ended on 13th December 2024, and the Mobikwik IPO allotment date is likely on 14th December 2024, i.e., today. Mobikwik IPO GMP today As mentioned above, the Mobikwik IPO GMP today is …

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 …

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?
1 week, 4 days ago

Mobikwik IPO listing: Does GMP suggest strong market debut amid heavy demand?

India Today  

Today is the last day to bid for the initial public offering of Mobikwik IPO after it opened for subscription on Wednesday aiming to raise Rs 572 crore. Mobikwik IPO has seen very strong demand among investors and was fully booked within the first hour of opening for subscription. The Mobikwik IPO has been oversubscribed by 63.09 times, reflecting strong …

Mobikwik IPO open for bidding: Subscribe or skip? Check latest GMP
1 week, 6 days ago

Mobikwik IPO open for bidding: Subscribe or skip? Check latest GMP

India Today  

The initial public offering of Mobikwik Systems opened for bidding on Wednesday to raise Rs 572 crore, with the public issue being entirely a fresh issue of 2.05 crore shares. The price band for the Mobikwik IPO is set between Rs 265 and Rs 279 per share. SBI Capital Markets Limited and Dam Capital Advisors Ltd are acting as the …

Mobikwik IPO Opens Tomorrow: Check Key Dates, GMP, And Other Important Details Here
2 weeks ago

Mobikwik IPO Opens Tomorrow: Check Key Dates, GMP, And Other Important Details Here

ABP News  

Mobikwik Systems Limited's initial public offering will open for subscription tomorrow, December 11, 2024. Mobikwik IPO Details Mobikwik IPO GMP Today: As per stock market observers, Mobikwik shares were trading at a grey market premium of Rs 132 on Tuesday. Mobikwik IPO Opening Date: The Mobikwik IPO will open for subscription from December 11 to 13, 2024. Mobikwik IPO Price …

Mobikwik IPO: GMP, price band, other key details of upcoming IPO
Trending News
2 weeks, 1 day ago

Mobikwik IPO: GMP, price band, other key details of upcoming IPO

Live Mint  

The initial public offering of fintech company One Mobikwik Systems will open for public subscription this week. Here’s what Mobikwik IPO grey market premium signals ahead of issue opening on Wednesday: Mobikwik IPO GMP The trend for Mobikwik shares in the unlisted market remains bullish. According to stock market observers, Mobikwik IPO grey market premium has remained in the positive …

Mobikwik IPO GMP rises ahead of issue opening next week; Check dates, price band, other key details
Top News
2 weeks, 2 days ago

Mobikwik IPO GMP rises ahead of issue opening next week; Check dates, price band, other key details

Live Mint  

Fintech company One Mobikwik Systems is set to launch its initial public offering next week to raise ₹572 crore from the primary market. Mobikwik IPO price band has been set at ₹265 to ₹279 per share and the public issue is entirely a fresh issue of 2.05 crore equity shares. Here’s what Mobikwik IPO grey market premium signals ahead of …

Zomato Share Price Today on 27-11-2024: Zomato share price are up by 2.45%, Nifty up by 0.02%
3 weeks, 6 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, 6 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
4 weeks 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%
4 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
4 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%
4 weeks, 1 day 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, 1 day 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 IPO listing date today. Here’s what GMP, experts signal
1 month ago

Zinka Logistics Solutions IPO listing date today. Here’s what GMP, experts signal

Live Mint  

Zinka Logistics Solutions IPO: Zinka Logistics Solutions, which operates the BlackBuck app - a digital platform designed for truck operators - is set to make its stock market debut today. Let us check what Zinka Logistics Solutions IPO GMP today indicates about the share listing price. Zinka Logistics Solutions IPO GMP Today Zinka Logistics Solutions shares are showing a muted …

Zinka Logistics Solution IPO: What GMP signals ahead of share listing date
Trending News
1 month ago

Zinka Logistics Solution IPO: What GMP signals ahead of share listing date

Live Mint  

Zinka Logistics Solutions IPO: The initial public offering of Zinka Logistics Solutions Ltd saw decent demand during its bidding period and the IPO allotment has also been finalised. Let us check what Zinka Logistics Solutions IPO GMP today indicates about the share listing price. Zinka Logistics Solutions IPO GMP Today The trends for Zinka Logistics Solutions shares in the unlisted …

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 …

Zinka Logistics IPO listing preview: What to expect? Check latest GMP
1 month ago

Zinka Logistics IPO listing preview: What to expect? Check latest GMP

India Today  

Shares of Zinka Logistics Solution Limited are set to list on the stock exchanges after the allotment was completed on Tuesday. The IPO of Zinka Logistics Solutions, held from November 13-18, offered shares at a price band of Rs 259-273 per share with a lot size of 54 shares. PRE-LISTING VIEW OF ZINKA LOGISTICS Shivani Nyati, Head of Wealth at …

Zinka Logistics Solutions IPO allotment date likely today. GMP, steps to check allotment status online
1 month ago

Zinka Logistics Solutions IPO allotment date likely today. GMP, steps to check allotment status online

Live Mint  

Zinka Logistics Solutions IPO Allotment: The initial public offering of Zinka Logistics Solutions Ltd closed with decent subscription. Investors can check Zinka Logistics Solutions IPO allotment status online through the websites of BSE and NSE and also on the official portal of the IPO registrar. Zinka Logistics Solutions IPO Allotment Status on BSE Step 1] Visit BSE website on this …

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 …

Zinka Logistics Solutions IPO subscribed 1.86 times on Day 3; Check GMP, subscription status, other details
1 month ago

Zinka Logistics Solutions IPO subscribed 1.86 times on Day 3; Check GMP, subscription status, other details

Live Mint  

Zinka Logistics Solutions IPO: The Flipkart-backed initial public offering of Zinka Logistics Solutions Limited opened for subscription on Wednesday, November 13, and closed after the market session on Monday, November 18. Zinka Logistics Solutions set the price band for the public issue at the range of ₹259 to ₹273 per equity share, with a face value of Re 1 per …

IPO: Zinka Logistics To Close Maiden Offer Today, Check GMP Before Subscribing
1 month ago

IPO: Zinka Logistics To Close Maiden Offer Today, Check GMP Before Subscribing

ABP News  

Zinka Logistics Solution Limited closes its maiden offer for the public on November 18, 2024. Stock market experts noted that the shares of Zinka Logistics Solution were trading at neither premium nor discount in the grey market, reported Livemint. A premium in the grey market means the investors expect the issue to make a strong debut in the stock market, …

Zinka Logistics Solution IPO day 3: GMP, subscription status to review. Apply or not?
1 month ago

Zinka Logistics Solution IPO day 3: GMP, subscription status to review. Apply or not?

Live Mint  

Zinka Logistics Solution IPO: The initial public offering of Zinka Logistics Solution Limited hit the Indian primary market on 13th November 2024 and will remain open until 18th November 2024. Observers said that weak sentiments on Dalal Street and weak global cues have weighed the grey market sentiments regarding Zinka Logistics Solution IPO. They said that par listing should not …

Zinka Logistics Solutions IPO: What GMP, subscription status suggests ahead of final day of bidding
1 month, 1 week ago

Zinka Logistics Solutions IPO: What GMP, subscription status suggests ahead of final day of bidding

Live Mint  

Zinka Logistics Solutions IPO: The initial public offering of Zinka Logistics Solutions Ltd, known for managing India's largest digital platform for truck operators via its BlackBuck App, has shown relatively subdued demand thus far. Zinka Logistics Solutions IPO GMP Shares of Zinka Logistics Solutions are currently exhibiting a muted trend in the unlisted market, reflected by a subdued grey market …

Zinka Logistics Solution IPO day 2: GMP, review to subscription status. Buy or not?
1 month, 1 week ago

Zinka Logistics Solution IPO day 2: GMP, review to subscription status. Buy or not?

Live Mint  

Zinka Logistics Solution IPO: The initial public offering of Zinka Logistics Solution Limited hit the Indian primary market on 13th November 2024 and will remain open until 18th November 2024. Currently, the company's shares are trading at par, and the grey market is predicting Zinka Logistics Solution IPO listing price to be at par with the upper price band of …

Zinka Logistics IPO: 10 key risks investors should know before investing to the issue
1 month, 1 week ago

Zinka Logistics IPO: 10 key risks investors should know before investing to the issue

Live Mint  

Zinka Logistics IPO: The initial public offering for Zinka Logistics Solutions Ltd, a digital platform catering to truck operators, has commenced subscription today. Zinka Logistics IPO - Key Risks Here are some of the key risks listed by the company in its Red-Herring Prospectus : The company and its subsidiary, TZF Logistics Solutions Private Limited, have experienced losses and have …

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 …

Zinka Logistics Solution IPO: GMP, subscription status, review, other details. Apply or not?
1 month, 1 week ago

Zinka Logistics Solution IPO: GMP, subscription status, review, other details. Apply or not?

Live Mint  

Zinka Logistics Solution IPO: The initial public offering of the BlackBuck App brand owner Zinka Logistics Solutions Limited has opened today. Zinka Logistics Solution IPO subscription status By 3:15 PM on day 1 of bidding, the book build issue had been subscribed 0.23 times, the retail portion 0.45 times, and the NII segment 0.01 times. Zinka Logistics Solution IPO details …

Zinka Logistics Solution IPO opens for bidding: Should you subscribe?
1 month, 1 week ago

Zinka Logistics Solution IPO opens for bidding: Should you subscribe?

India Today  

The initial public offering of Zinka Logistics Solution Limited opened for bidding on Wednesday, aiming to raise Rs 1,114.72 crore. Zinka Logistics Solutions Ltd is India’s largest digital platform for truck operators, with 963,345 truck operators in the country transacting on its platform in FY24, which comprises 27.52% of India’s truck operators. An IPO report from Anand Rathi Research Team …

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

Zinka Logistics Solutions IPO: 10 things to know before subscribing
1 month, 1 week ago

Zinka Logistics Solutions IPO: 10 things to know before subscribing

India Today  

The initial public offering of Zinka Logistics Solutions Limited is set to open for bidding from November 13, 2024, looking to raise Rs 1,114.72 crore. 10 THINGS TO KNOW BEFORE SUBSCRIBING TO WAAREE ENERGIES IPO Subscription period: The IPO of Zinka Logistics Solutions will be open for subscription from November 13 till November 18, 2024. Price band: The price band …

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 launches new feature to tackle food waste due to cancelled orders
Trending News
1 month, 1 week ago

Zomato launches new feature to tackle food waste due to cancelled orders

Hindustan Times  

Food delivery firm Zomato on Sunday launched a new “food rescue” feature to tackle with food waste arising out of cancelled orders. Now, customers living near restaurants will be able to purchase cancelled food orders at “unbeatable prices”, announced the company's CEO Deepinder Goyal. The CEO said that customers cancel more than 4 lakh “perfectly good orders” on a daily …

Zinka Logistics IPO: Price band, latest GMP, 10 things to know before public issue opens
1 month, 2 weeks ago

Zinka Logistics IPO: Price band, latest GMP, 10 things to know before public issue opens

Live Mint  

Zinka Logistics Solution Limited's initial public offering will open for public bidding on Wednesday, November 13, and close on Monday, November 18. Zinka Logistics Solution IPO Price Band: The payments provider has set the IPO's price band in the range of ₹259 to ₹273 per share, with a lot size of 54 shares per lot. Zinka Logistics Solution IPO Anchor …

Swiggy's $1.4 bn IPO fully sold, institutional portion 131% subscribed
1 month, 2 weeks ago

Swiggy's $1.4 bn IPO fully sold, institutional portion 131% subscribed

Firstpost  

Swiggy’s $1.4 billion IPO was fully subscribed on Friday. The portion reserved for institutional investors was subscribed 131 per cent, while the shares earmarked for retail investors were 97 per cent subscribed Food and grocery delivery firm Swiggy’s $1.4 billion initial public offering was fully subscribed on Friday, as institutional investors rushed in with orders on the final day of …

Zinka Logistics IPO: Price band set at ₹259-273 apiece; check issue details, key dates, more
1 month, 2 weeks ago

Zinka Logistics IPO: Price band set at ₹259-273 apiece; check issue details, key dates, more

Live Mint  

Zinka Logistics IPO price band: The Zinka Logistics Solution Limited IPO price band has been fixed in the range of ₹259 to ₹273 per equity share of the face value of ₹1 each. The Zinka Logistics IPO lot size is 54 equity shares and in multiples of 54 equity shares thereafter. Zinka Logistics IPO details Zinka Logistics Solution IPO consists …

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'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 …

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 …

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report
4 months ago

Swiggy Eyes $15 Billion Valuation For IPO, Aiming To Raise $1.2 Billion: Report

ABP News  

Swiggy IPO: Indian food delivery giant Swiggy, backed by SoftBank, is gearing up for a major initial public offering, targeting a valuation of approximately $15 billion, sources privy to the matter told news agency Reuters. Zomato, Swiggy's main competitor, has seen its shares more than double since going public in 2021, with a market valuation now reaching $28 billion. According …

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 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 …

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