Zomato stock plunges 5% after Jefferies downgrade to 'hold' as …

Jan 7, 2025 · Global brokerage firm Jefferies has downgraded shares of Zomato to a 'hold' call, citing the sharp run-up in the stock through 2024 and concerns over rising competition in the …

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Zomato Stock Plunges 5% After Jefferies Downgrade To 'hold' As …

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Jan 7, 2025 · Global brokerage firm Jefferies has downgraded shares of Zomato to a 'hold' call, citing the sharp run-up in the stock through 2024 and concerns over rising competition in the …

moneycontrol.com

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Zomato Shares Fall 5% As Quick Commerce Concerns Prompt …

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Jan 7, 2025 · Food delivery aggregator and Quick Commerce service provider Zomato Ltd. has been downgraded by Jefferies to "hold" from its earlier rating of "buy" and also cut its price …

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Zomato: Jefferies Downgrades To Hold On Quick Commerce ... - MSN

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Zomato’s shares slid about 5% on Tuesday following the Jefferies downgrade, still, they were sitting on a 124% rally through 2024, as the food delivery firm rode a sharp increase in …

msn.com

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Zomato Stock Price Is Falling Sharply- Here’s Why…

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Jan 7, 2025 · Zomato shares fell 5% to an intra-day low of Rs 251.55 after the brokerage house Jefferies downgraded the stock to a ‘Hold’ rating from ‘Buy’, with a target price of Rs 275.

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Zomato Shares Fall 5% Following Jefferies Downgrade; Check

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Jan 7, 2025 · Shares of Zomato plunged by as much as 4.8% on Tuesday, dropping to Rs 252.05 on the BSE, after Jefferies downgraded the stock from “buy" to “hold." The revised target price …

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Zomato Shares Down Over 4%, Extend Fall To 20% In Three Weeks …

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2 days ago · Jefferies downgraded shares of Zomato to 'hold' last week, citing the sharp run-up in the stock through 2024 and concerns over rising competition in the quick commerce space.

moneycontrol.com

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Zomato Shares Fall 4.44%, Jefferies Downgrades “Overweight” …

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Jan 7, 2025 · Consequently, Jefferies has lowered its earnings projections for Zomato’s quick commerce arm, BlinkIt, and trimmed its overall earnings estimates. In contrast, Morgan …

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Zomato Shares Dip 5% After Jefferies Downgrade To ‘Hold’

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Jan 7, 2025 · Zomato’s YTD return dropped by 8.55% and the five day return was down by the same percentage. In its reasoning for the bearish outlook, Jefferies sighted rising competition …

startupnews.fyi

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Zomato Faces Market Challenges Amid Jefferies’ Downgrade

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Jan 7, 2025 · Jefferies recently downgraded Zomato’s stock rating from a ‘buy’ to a ‘hold,’ reducing its target price by 18%, from ₹335 to ₹275. This cautious stance stems from …

efiletax.in

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Zomato Shares Dip 5% After Jefferies Downgrade To ‘Hold’

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Jan 7, 2025 · Shares of Zomato dipped as much as 4.9% from yesterday’s close to INR 251.60 during the intraday trading today due to a bearish outlook presented by brokerage firm Jefferies

inc42.com

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Zomato: Jefferies Downgrades To Hold On Quick Commerce …

2 weeks from now

Jan 7, 2025 · Zomato’s shares slid about 5% on Tuesday following the Jefferies downgrade, still, they were sitting on a 124% rally through 2024, as the food delivery firm rode a sharp increase …

investing.com

FAQs about Zomato stock plunges 5% after Jefferies downgrade to 'hold' as … Coupon?

Why did Jefferies downgrade Zomato shares?

New Delhi: Global brokerage firm Jefferies has downgraded Zomato's shares to 'hold' as it revised the target lower, citing increasing competition as a threat to the online food aggregator’s profitability. ...

Will Jefferies cut Zomato's price target?

Food delivery aggregator and Quick Commerce service provider Zomato Ltd. has been downgraded by Jefferies to "hold" from its earlier rating of "buy" and also cut its price target. Jefferies has cut its price target on Zomato to ₹275 from ₹335 earlier, an 18% cut. The revised price target is nearly at par with Zomato's closing price on Monday. ...

Is Zomato a 'overweight' stock?

In a contrasting move, Morgan Stanley reiterated its 'overweight' rating on Zomato, maintaining a price target of Rs 335 for the stock. Global brokerage firm Jefferies has downgraded shares of Zomato to a 'hold' call, citing the sharp run-up in the stock through 2024 and concerns over rising competition in the quick commerce space. ...

Is Jefferies 'worried on the rise in quick Commerce competition'?

Although valuations appear reasonable considering Zomato's strong execution and growth opportunities, Jefferies is "worried on the rise in quick commerce competition." Jefferies has set a target price of Rs 275 per share from Rs 335 apiece earlier, as analysts expect a year of consolidation for the stock after it doubled in value in 2024. ...

Should Jefferies buy zomatos?

Stay informed on all the latest news, real-time breaking news updates, and follow all the important headlines in india news and world News on Zee News. Although valuations appear reasonable considering Zomatos strong execution and growth opportunities, Jefferies is worried on the rise in quick commerce competition. ...

Is Zomato a 'buy' or 'hold' stock?

Food delivery major which is also in the quick commerce (QC) space- Zomato tumbled over 5 per cent in Tuesday's session to the day's low price of Rs 251.7 apiece on the BSE. The stock has been downgraded by global brokerage firm Jefferies to 'hold' from the earlier 'buy' call. ...