Why brokerages are bullish on Zomato post Q2 | Fortune India

Oct 23, 2024 · Why brokerages are bullish on Zomato post Q2 Zomato continues to remain one of the preferred stocks among new age companies, say brokerages. By Chitranjan Kumar ...

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Fortune India | Why Brokerages Are Bullish On Zomato Post Q2 …

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Oct 23, 2024 · 0 likes, 0 comments - fortune.india on October 23, 2024: "Why brokerages are bullish on Zomato post Q2 Zomato shares rose nearly 3% on Wednesday as investors …

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Zomato Stock May Gain Upward Momentum As Major Brokerages …

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Oct 23, 2024 · Zomato stock may gain upward momentum as major brokerages revise targets post-Q2 earnings; CLSA sees 45% potential gains Zomato's stock has skyrocketed 135 …

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Zomato Shares Recover After Falling 5% After Q2 Results ... - India …

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Oct 23, 2024 · News Business Zomato shares recover after falling 5% after Q2 results. Should you buy? ... The brokerage predicts Zomato’s profit margins will improve in the coming years, …

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Zomato Shares Surge 3% As Brokerages See Continued …

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Oct 8, 2024 · Shares of food delivery giant Zomato were soaring by more than 3% in the exchanges on Tuesday as brokerages appeared bullish about the firm’s performance and see …

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Zomato Shares Jump 7% On Sensex Inclusion; JSW Steel Down 2%

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Nov 25, 2024 · Why brokerages are bullish on Zomato post Q2 For the second quarter ended September 30, 2024, Zomato reported multifold growth in its consolidated net profit to ₹176 …

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Zomato Rises 4% As Brokerages Show Higher Appetite For Stock …

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Nov 6, 2023 · Zomato posted a Rs 36-crore profit after tax (PAT) against the estimates of Rs 5-crore loss by ETNow poll. The company had posted a surprise profit of Rs 2 crore in the …

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Zomato Shares Plunge 4% As Q2 Profit Misses Street Estimates: …

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The brokerage said that Zomato delivered another strong performance in the September quarter, with revenues reaching ₹4,800 crore, reflecting a 14% quarter-on-quarter (QoQ) growth, in line …

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Zomato Shares Fall 2%: Here's What Brokerage Firm CLSA Says

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Oct 24, 2024 · The brokerage firm raised its target price for Zomato's stock from Rs 353 to Rs 370. According to CLSA, quick commerce plays a crucial role in Zomato’s business model. …

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Zomato Shares Plunge 4% As Q2 Profit Misses Street Estimates: …

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Oct 23, 2024 · Shares of food delivery firm Zomato tanked over 4% on Wednesday after the company’s second quarter net profit, despite increasing multifold, failed to meet analysts’ …

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Zomato Shares Hit Fresh 52-week High On Strong Q2; Zoom 170

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Nov 6, 2023 · Zomato shares surge 4.8% to touch a new 52-week high of ₹121.95 on the BSE Image: Fortune India Advertisement Shares of Zomato have turned multi-bagger in the …

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FAQs about Why brokerages are bullish on Zomato post Q2 | Fortune India Coupon?

Why are brokers bullish on Zomato?

Brokerages have been bullish on Zomato as it continues to push the paddle of growth across its business. Zomato’s board has also approved raising up to ₹8,500 crore via QIP. The food delivery platform today tapped its platform fee ahead of the festive season, according to an app notification. ...

Should you buy Zomato shares after Q2 results?

Zomato shares recover after falling 5% after Q2 results. Should you buy? Zomato share price: The early selloff was driven by mixed brokerage insights, despite an overall bullish outlook on the stock. Zomato shares recovered after falling nearly 5% in early trade. ...

Why did Zomato shares surge in Q2?

Zomato shares surge as bullish brokerages highlight strong Q2 results, with Motilal Oswal seeing 28% upside potential. ...

What happened to Zomato shares on the BSE today?

Cheering the news, Zomato shares jumped as much as 7% to hit a high of ₹282.85 on the BSE today. Snapping two sessions of losing streak, the foodtech stock opened 3.3% higher at ₹273 against the previous closing price of ₹264.15. At the time of reporting, the shares of Zomato were up 6% at ₹279.95, with a market capitalisation of ₹2.47 lakh crore. ...

Why did Zomato stock sell off?

Revenue rose by 68% to Rs 4,799 crore, driven by improved margins in the food delivery segment and the rapid expansion of its quick-commerce business, Blinkit. The early selloff in Zomato's shares was driven by mixed brokerage insights, despite an overall bullish outlook on the stock. Why do smokers have the urge to smoke after every meal? ...

Is Zomato a good stock to buy?

Zomato continues to remain one of the preferred stocks among new age companies, say brokerages. Zomato shares rose 3% to ₹263.90 on Wednesday as investors cheered its September quarter earnings report, which came broadly in line with Street expectations. ...