Zomato’s Maiden Profitable Quarter Fuels New-Age Tech Stocks …

Aug 6, 2023 · Foodtech giant Zomato reported its first net profitable quarter this week and triggered a surge in investor confidence in Indian new-age tech stocks. 11 out of 15 such …

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Zomato’s $1-billion Fundraise; Paytm’s First Quarterly Profit

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Oct 22, 2024 · It added 152 new dark stores during the quarter under review, taking the total to 791. ... Paytm posts maiden profit helped by ticketing biz sale to Zomato; revenue down 34% …

indiatimes.com

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Year In Review | Zomato In 2024: A Year Of Milestones, Momentum …

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Dec 27, 2024 · Zomato posted a net profit of Rs 351 crore in fiscal year 2024. Gross order value (GOV) growth across the B2C businesses improved to 55% year on year ... Zomato became …

indiatimes.com

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Zomato Becomes First New-age Tech Firm To Join Sensex: What’s The ...

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Dec 23, 2024 · Zomato's inclusion in the 30-stock benchmark index is driven by a remarkable rally in its stock. Shares of the Deepinder Goyal-led company have surged 45% over the past six …

indiatimes.com

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5 New-age Tech Stocks Soar Up To 85% In FY24. Can They Rally More?

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Aug 30, 2023 · In the prior year, four out of five prominent new-age technology stocks showed negative performance. However, in the current fiscal year, these stocks not only exhibited …

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FAQs about Zomato’s Maiden Profitable Quarter Fuels New-Age Tech Stocks … Coupon?

Is Zomato a good stock to buy in 2023?

While 2023 has turned out to be a remarkable year for new-age tech startup stocks, Zomato has shone the brightest so far this year. Not to mention, players like Paytm, RateGain, Delhivery, and PB Fintech, too, have witnessed their fair share of rallies after the bloodbath of 2022. Note: We at Inc42 take our ethics very seriously. ...

How has Zomato's financial turnaround impacted its stock performance?

Zomato’s financial turnaround has been the key driver of its stock performance. It became profitable in the first quarter of FY24, and has posted a net profit in every quarter since then. In the July-September period, consolidated revenue from operations jumped 68% to Rs 4,799 crore, and net profit increased fivefold year-on-year to Rs 176 crore. ...

Which New-Age tech stocks have gained 3% & 17% this week?

Eleven of the 25 new-age tech stocks under Inc42’s coverage gained in a range of over 3% to 17%. Zomato emerged as the top gainer this week, buoyed by its strong Q1 show. Nazara Technologies, Nykaa, and Delhivery were also among the gainers this week. ...

How did Zomato's net profit perform in 2024?

However, the company's net profit skyrocketed, jumping by 389% YoY. For the quarter ended September 30, 2024, Zomato's net profit stood at Rs 176 crore, significantly up from the Rs 36 crore level in the year-ago period. ...

Are New-Age tech stocks making a comeback in 2023?

New-age tech stocks have made a comeback in 2023, with stocks like Zomato, PB Fintech, CarTrade Tech, Paytm, Nykaa, and Delhivery yielding positive returns. (REUTERS) New-age tech stocks have made a comeback in 2023, with stocks like Zomato, PB Fintech, CarTrade Tech, Paytm, Nykaa, and Delhivery yielding positive returns. ...

Will Zomato be a game-changer in 2023?

Besides, Zomato has launched a new courier service, which is also expected to be a game-changer,” he said. While 2023 has turned out to be a remarkable year for new-age tech startup stocks, Zomato has shone the brightest so far this year. ...