Yesterday, on 4th April 2025, Zomato (Eternal) witnessed a slight dip in its share prices. Analysts and market experts attributed the cause to market sentiment and investor confidence in the quick commerce business.
In March 2025, a few brokerage firms and analysts, including Bofa Securities, downgraded Zomato’s stock from ‘buy’ to ‘neutral’ and reduced the target price to Rs. 250.
Zomato Share Price Performance In the Market
Yesterday, Zomato’s (Eternal) shares opened to the market at Rs. 211.84, slightly down from Thursday’s close of Rs. 210.90. It recorded a day-high of and a day-low of Rs. 205.67, a 3% fall from 3rd April’s close.
At 15:59, when the market closed, Zomato’s share price stood at Rs. 210.53. It was nearly 0.6% lower than the opening rate. And 0.18% lower than its previous close. According to the reports and estimates on Money Control, the current market capitalization was 203,168 cores; the UC Limit was 231.99, and the LC Limit was 189.81.
Company Financials
During the third quarter of FY 2024–2025, Zomato’s (Eternal) net profits fell by 57%. In contrast to the Rs. 138 crores it made in the previous year’s third quarter, the food commerce company posted gains of Rs. 59 crores. According to the company’s records, operating revenue rose 64% to Rs. 5,405 crores from Rs. 3,288 crores in the same quarter the previous year. The food delivery segment had a 21.5% increase in revenue to Rs. 2,072 crores, while its subsidiary, Blinkit, saw a 117% gain in revenue to Rs. 1,399 crores.
Recent News About Zomato (Eternal)
- Zomato has been making significant investments to grow Blinkit, its rapid commerce platform, to have 2,000 locations by December 2025.
- The increasing quarterly losses due to these expedited investments have impacted the overall profitability.
Zomato Share Price Target
Based on market experts’ calculations, Trendlyne reported that Eternal Ltd. has an average target of 271.33. The consensus estimated an upside of 28.88% from the last price of 210.53.
Should You Buy, Sell, Or Hold?
Most analysts on Trendlyne and TradingView strongly supported buying the shares. But, before investing in Eternal/Zomato, consider its long-term performance and consult your analyst to make the perfect move.
