India's Zomato hits record high, bucking internet stocks ... - Nasdaq

Mar 1, 2024 · Zomato is the most-valuable internet stock in Asia's third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, its shares rose nearly 5% to ...

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Apr 16, 2024 · BENGALURU - Zomato is the most-valuable internet stock in Asia's third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, …

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FAQs about India's Zomato hits record high, bucking internet stocks ... - Nasdaq Coupon?

Why did Zomato stock hit a record high on Friday?

BENGALURU: Shares of food delivery platform Zomato hit a record high on Friday, as improving profitability paves the way for future growth, triggering a turnaround in investor sentiment. Zomato is the most-valuable internet stock in Asia's third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). ...

Is Zomato India's most valuable Internet stock?

Zomato's shares hit a record high as its profitability improves, making it India's most valuable internet stock. Investor sentiment has reversed, and Zomato dominates the food delivery market. Blinkit, its quick commerce business, is expected to drive further growth. ...

Is Zomato a good stock to buy in Asia?

Zomato is the most-valuable internet stock in Asia's third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, its shares rose nearly 5% to 173.5 rupees. ...

Is blinkit a good stock to buy in Asia?

Blinkit, its quick commerce business, is expected to drive further growth. Zomato is the most-valuable internet stock in Asia's third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). On Friday, its shares rose nearly 5% to 173.5 rupees. ...

Should you buy Zomato & blinkit?

Investor sentiment has reversed, and Zomato dominates the food delivery market. Blinkit, its quick commerce business, is expected to drive further growth. Zomato is the most-valuable internet stock in Asia's third-largest economy, with a market capitalisation of more than 1.51 trillion rupees ($18 billion). ...

Will Zomato's blinkit turn EBITDA positive next fiscal year?

Blinkit - Zomato's quick commerce business, which it acquired in 2022 - is expected to turn EBITDA-positive next fiscal year and is viewed by investors as the next lever of growth for the firm. India Business News: Shares of Zomato surged to a record high as improving profitability boosted investor sentiment. ...