Zomato Shares Surge 19% to Hit All-time High, Brokerages Project …

Aug 2, 2024 · The Deepinder Goyal-led food aggregator’s net profit in the June quarter of the current fiscal rose multi-fold to Rs 253 crore compared to Rs 2 crore in the year-ago quarter. …

19%
OFF

Zomato Shares Surge 19% To Hit All-time High, Brokerages Project …

1 week from now

Aug 2, 2024 · The Deepinder Goyal-led food aggregator’s net profit in the June quarter of the current fiscal rose multi-fold to Rs 253 crore compared to Rs 2 crore in the year-ago quarter. …

outlookbusiness.com

19%
OFF

Zomato Shares Soar 19% To Record After Q1 Net Profit Rises

1 week from now

Aug 2, 2024 · Shares of Zomato Ltd. rose to life high after the company's first quarter net profit rose, beating analyst estimates. Brokerages were optimistic on both the food delivery business …

ndtvprofit.com

12%
OFF

Zomato Shares Zoom Over 12% After Strong Q1 Results - The …

1 week from now

Aug 2, 2024 · Shares of Zomato zoomed more than 12% on Friday after the food delivery aggregator reported a multi-fold jump in consolidated net profit to Rs 253 crore for the June …

indiatimes.com

16%
OFF

ITC Slumps On Margin Concerns; Brokerages See Long-term Growth …

1 week from now

Zomato zooms 16% after multi-fold jump in profit; brokerages give a thumbs up The cigarette segment’s net revenue increased by 7% year-on-year, despite a slight dip in margins due to …

msn.com

4%
OFF

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

1 week from now

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’ …

benzinga.com

42%
OFF

Rs 10,200 Crore Food Bill! Zomato Most Bought Stock Of Mutual …

1 week from now

1 day ago · Mutual funds invested Rs 10,200 crore in Zomato shares in Q3, making it the most bought stock. Mutual fund holdings increased to 16.42%, while foreign investors reduced their …

indiatimes.com

30%
OFF

Zomato Q2 FY25 Net Profit Falls 30% But Revenue Up 14%

1 week from now

Oct 23, 2024 · Zomato Q2 Results Show 30% Profit Decline and 14% Revenue Jump in 6th Consecutive Profitable Quarter; Check Details ... Zomato Q2 Results: Zomato Ltd’s net profit …

aliceblueonline.com

2%
OFF

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

1 week from now

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. …

indiatoday.in

17%
OFF

Zomato Share Price Zooms On Positive Quarterly Numbers

1 week from now

Aug 2, 2024 · The share price of Zomato rose as much as 17% on Friday, a day after it announced market-beating financial results for the first quarter of FY25, even as the stock …

yourstory.com

6%
OFF

Zomato Share Price: Zomato Shares Rally 6% To Fresh High After …

1 week from now

Aug 19, 2024 · Zomato Share Price: Zomato's shares surged 6% to a new 52-week high of Rs 280 on BSE on Monday after UBS raised its target price from Rs 260 to Rs 320. The …

indiatimes.com

389%
OFF

Zomato's Profits Soared 389% - But Is The Best Yet To Come?

1 week from now

Oct 24, 2024 · Then, the Hyperpure B2B segment, catering to restaurant partners, also registered a 98% year-on-year (YoY) revenue jump. Overall, Zomato's adjusted revenue soared by 58% …

marketbrew.in

FAQs about Zomato Shares Surge 19% to Hit All-time High, Brokerages Project … Coupon?

Which company has the highest target price on Zomato?

CLSA has the highest target price on Zomato - Rs 350. On the other hand, Motilal's target is Rs 300, Nomura's Rs 280, and Bernstein's Rs 275. In the June quarter, Zomato reported a multi-fold jump in Q1 profit from Rs 2 crore in the corresponding quarter of last year to Rs 253 crore in Q1. ...

Is Zomato a 'overweight' stock?

Zomato shares jumped over 7% on Thursday, climbing to an intraday high of Rs 261.50 after global brokerage firm JPMorgan raised the company’s target price to Rs 340 from Rs 208, maintaining an "overweight" rating. This marked a significant vote of confidence for the food delivery giant, which has been steadily expanding its market footprint. ...

How much did mutual funds spend on Zomato shares in December?

With quick commerce becoming mainstream in top metros and cities, mutual funds are estimated to have spent Rs 10,200 crore on buying Zomato shares in the last 3 months to make it the most bought stock in the December quarter. Last month alone, MFs spent about Rs 24,000 crore to buy 145 crore shares of Zomato. ...

How has Zomato's financial performance fueled investor interest?

Zomato's financial performance has also helped fuel investor interest. For the quarter ending June 30, 2024, the company reported a consolidated net profit of Rs 253 crore, a sharp rise compared to the previous year. Blinkit, Zomato’s quick commerce arm, contributed to this growth with a 145% year-on-year surge in revenue, reaching Rs 942 crore. ...

Why have Zomato shares surged in 2024?

Zomato share price: The food delivery giant's shares have surged in 2024, fuelled by optimistic brokerage outlooks, particularly for its quick commerce unit, Blinkit. Zomato shares have already gained over 100% this year. ...

How did Zomato perform in the second quarter 2024?

For the second quarter ended September 30, 2024, Zomato reported multifold growth in its consolidated net profit to ₹176 crore, compared to ₹36 crore in the year ago period. ...