Zomato's Stock Surge Above ₹300: Key Insights Into Its Bullish …

Dec 6, 2024 · Zomato Ltd operating in the food delivery market of India has shown great performance in 2024. Its stock has a YTD return of 144.38%. On December 6th 2024, Zomato …

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Zomato's Stock Surge Above ₹300: Key Insights Into Its Bullish …

4 weeks from now

Dec 6, 2024 · Zomato Ltd operating in the food delivery market of India has shown great performance in 2024. Its stock has a YTD return of 144.38%. On December 6th 2024, Zomato …

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Zomato Shares Soar 140% YTD, Cross ₹300 Mark In Market Rally

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Dec 5, 2024 · Zomato, led by billionaire Deepinder Goyal, witnessed a surge of 6.42%, pushing its share price beyond the ₹300 threshold. This impressive rally has provided investors with a …

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Zomato Breaks Rs 300 Barrier, Sets New Record High

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Dec 5, 2024 · Zomato jumped 4.51% to Rs 299.20, driven by strong investor sentiment and positive industry trends. The stock hit a record high of Rs 304.50 today, buoyed by investor …

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The Rise Of Zomato: Shares Soar To ₹304, Up 500% Since 2023!

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Dec 5, 2024 · Zomato’s shares soared to a new record on December 5, crossing the ₹300 mark for the first time and touching an all-time high of ₹304.65 during intraday trading.This …

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Zomato Share Price Good Time Arrived. Stock Zoomed 5 Percent …

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Oct 8, 2024 · Zomato Stock price Today: Zomato’s stock saw a 5% surge today after opening at ₹265.05, rebounding from a 5% drop on the previous day. The stock reached an intraday high …

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Rising STAR! Zomato Is Bigger Than Giants Tata Motors

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Dec 20, 2024 · Zomato, the online food delivery giant, has seen an exponential 130% rise in its stock prices this year so far, becoming one of the standout performers in the stock market. …

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Zomato Shares Surge 7% As Company Set To Join BSE Sensex On …

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Nov 26, 2024 · Zomato's Impressive Financial Performance Drives Stock Surge. Zomato's strong financial performance in recent quarters has played a key role in driving its stock price higher. …

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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’s 260% Stock Surge Has Analysts Scrambling To Catch Up

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Apr 15, 2024 · The Indian market, where Zomato’s biggest competitor is unlisted Zepto, is expected to grow at a compound annual rate of 29% to reach $36 billion by March 2033, …

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Zomato Shares Cross ₹300; Swiggy Hits New Highs But ... - CNBCTV18

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Dec 5, 2024 · Shares of food delivery and quick commerce aggregators Zomato Ltd. and Swiggy Ltd. hit new highs on Thursday, December 5. Zomato shares surged as much as 6.5% on …

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Zomato Shares Set To Soar: Jefferies Predicts Massive 29% Upside …

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Sep 11, 2024 · Zomato is positioned as a key player in India’s fast-growing food services industry, with just 20 million active monthly users. ... of 20% from FY24 to FY27, further enhancing its …

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FAQs about Zomato's Stock Surge Above ₹300: Key Insights Into Its Bullish … Coupon?

Why did Zomato share price hit a record high?

Zomato shares opened higher at Rs 288.10 against the previous close of Rs 286.30. The stock surged 4.52% intra day to a record of Rs 299.25. Shares of Zomato hit a record high on Thursday after brokerage Bernstein assigned an outperform stance on the online food delivery firm. ...

What is the target price for Zomato shares?

Zomato shares price target, outlook: The brokerage sees a 20% upside to the stock with a target price of Rs 335. Bernstein said Zomato has a wider city presence compared to Swiggy. Zomato shares opened higher at Rs 288.10 against the previous close of Rs 286.30. The stock surged 4.52% intra day to a record of Rs 299.25. ...

What is Zomato stock price?

From its initial listing price of Rs. 76, Zomato's stock price has soared to Rs. 300, exerting its dominance in the Indian e-commerce and food delivery sector. When Zomato made its debut on the Indian stock market in 2021, its IPO was priced at Rs.76 per share. ...

Will Zomato cross Rs 3 lakh crore market capitalization mark?

With this surge, Zomato is on the brink of crossing the Rs 3 lakh crore market capitalization mark. Positive financial results from rival Swiggy have strengthened investor optimism in the entire food delivery sector, benefiting Zomato as well. The stock is set to be included in the BSE Sensex from the end of December. ...

Is Zomato a 'outperform' stock?

Meanwhile, a leading global brokerage firm reaffirmed its 'outperform' rating on Zomato, with a target price of Rs 370. The firm cited the company's strong position in the quick commerce segment and its dominant market share as key drivers. Zomato connects customers, restaurant partners and delivery partners. ...

Is Zomato a 'overweight' stock?

CLSA notes that while the gap between Swiggy and Zomato has stopped widening, Zomato remains 81 percent larger in quick commerce GOV. Another global brokerage Morgan Stanley has an 'overweight' stance on Zomato with a revised price target of Rs 355 from an earlier value of Rs 288 per share. ...