Zomato Share prices are again in the news. Today it started at Rs 226 and initially saw 1.5% upward movement. But prices fall again to Rs 226.27 which is 1.23% down. How will the shares perform? Let’s check expert analysts, recent news, and recommendations.
Zomato Share Price in Today’s Market
Currently, Zomato Shares are trading at Rs 229.04 which is 1.51% up from the opening of Rs 226. Yesterday the stocks closed at Rs 225.63. As of 9.15 am the highest it touched is Rs 229.74 and Lowest is Rs 225.05. The Upper Limit for Zomato Share today is Rs 251.94 and the Lower Circuit limit is Rs 206.13.
Company Financials
The current market capitalization of the company stands at Rs 2,18,966. The stock’s 52-week high was Rs 304.70 and 52-week low was Rs 144.30. As per Q3 reports company’s consolidated net profit dropped by 57% to Rs 59 Crore. The amount was Rs 138 Crore in the same period last year. However, revenue from operations has significantly increased by 64.4% to Rs 5,405 Crore. This represents strong growth and expansions of the company.
Recent News on Zomato
Zomato is in the spotting for its developments. It has invested more than rs 1500 crore in the quick commerce platform Blinkit. The company aims to reach 2000 stores by the end of this year. Recently brokerage firm Bernstein reaffirmed a positive outlook for the company. Stock prices are also projected to grow by 39.2%.
Zomato Share Target Price
Zomato has somewhat mixed views from different analysts. Some suggest a target of Rs 245.54 to Rs 336.85 within 2025. IIFL Securities set a target price of Rs 250. Consnsus put target price at Rs 291.54.
Recommendation on Buy or Sell
As per moneycontrol website, 59% of analysts out of 29 are recommending buying Zomato Shares. 3% suggest Hold and 10% suggest selling. Analyst Consensus also suggest to Buy Zomato shares with a target price of Rs 291.54.
