Zomato is a very popular Indian Food Delivery, which is quite popular in the share market. It has a strong sentiment with customer so investors keep a close eye on the stock’s performance. On 10th February zomato share price fell by 2.87%. It opened at Rs 233.85 and closed at Rs 227.15. What’s next? Let’s find out experts opinion and recommendations.
Zomato Share Price in Today’s Market
On 10th February Zomato Share Price started at Rs 233.85. But as time goes share fluctuated around Rs 231.20 and dropped by Rs 6.7 and finally closed at Rs 227.15. This is a 12.53% dip in last 6 months. The current P/E ratio is standing at Rs 8.97.
Company Financials
As per Moneycontrol’s report, Zomato has estimated EBITDA cut of 12% in FY26 and 15% by FY25. Profitability has also reduced by 17% for FY26 and is estimated to be 18% in FY27. Zomato’s rival Swiggi is also seeing a drop by 1.77%. Total market capitalization is standing at Rs 2,25,721.70 Crore.
Recent News about Zomato
Zomato has rebranded itself as Eternal Ltd. on 6th Feb CEO Deepinder Goyal made the announcement. The stock ticker for zomato will also be changed to ETERNAL. This will be combine four major business – Zomato, Blinkit, District and Hypersure.
it has maintained a dominant position against rival food delivery app Swiggy. Reports say Zomato has a 58% market share whereas swiggy has 42%. Recently zomato has announced
Zomato Share Price Target
The median price target is set at Rs 300 which is more than 28% higher than the current market rate. Also higher target price is set at Rs 400. The analyst also suggests putting a stop loss at Rs 130.
Recommendation on Buy, Hold or Sell?
Planning to buy Zomato shares but not confident? Here’s what market analysts are saying. Consensus set a share price target at Rs 291.54 and puts a BUY tag for Zomato Shares. As per INDmoney 82.76% analyst recommends to BUY zomato shares. 17.79% recommend selling and 3.45% suggest HOLD.
