Zomato Share Prices are in the news as it dropped by 3.20% yesterday. Also, recently, CEO Deepinder Goyal has rubbished claims of market loss, after a Reddit post went viral. Analysts are also showing concern over intense competition in the quick commerce segment.
Zomato Share Price in Today’s Market (Eternal Share Price)
Yesterday, Zmato Share Price closed at Rs 228.81, which is 3.20% down. The stock opened at Rs 235.90 and touched a high of Rs 239.0. The current UC limit is at Rs 260.01, and the LC limit is at Rs 212.74. The total market capitalization of the company stands at Rs 2,20,809 crore.
Company Financials
The fourth quarter financial results are yet to come. In Q3 FY25, revenue surged by 64% to Rs 5,405 crore. But net profits declined to Rs 59 Crores due to investment in Blinkit’s rapid expansion. While Blinkit faced a loss of Rs 103 Crore in Q3 due to aggressive expansions.
Recent News About Zomato
- Recently, an anonymous post claimed Zomato is losing market share to rivals like Zepto Cafe and Swiggy and alleged employees were mandated to place at least 7 orders per month on Zomato with internal tracking. Even in office premises, ordering from Swiggy is banned. The CEO reacted on Twitter about this post and said, It’s utter nonsense.
- Multiple analysts have downgraded Zomato due to probable risks in the food delivery and quick commerce segments.
Zomato Share Price Target
As the competition in the quick commerce segment increases, analysts have changed their targets. According to FIG,W shares can touch up to Rs 357.10, that is 75% upside. On the other hand. JM Financial has maintained a price target of Rs 280.
Recommendation on Buy or Sell
According to the moneycontrol website, 55% of 29 analysts suggest Buy for Zomato shares. The rest 7% suggest holding, and 10% suggest selling. On the other hand, in Trendlyne, Consensus suggests a Buy with a target price of Rs 277.21.
Disclaimer: All the information shared above is for informational purposes only. Investors are strongly advised to consult certified experts before making any investment-related decision. Indiahood does not recommend buying or selling any shares.
