Zomato Share Price Target Since its listing, bond prices have been bullish, setting record highs in the past three trading days, nearly double the IPO price of 76 rupees per share. Zomato’s share price rose about 5% on Tuesday, setting a record high of 147.80 rupees per share in both the BSE and the National Stock Exchange (NSE) in early trading. After the listing of the MSCI India Index, Zomato’s share price rose 9%, reaching a 52-week high of 153 rupees on the BSE.
Zomato Share Price Target 2022 , 2023 , 2024 , 2025 & 2030
Zomato share trading volume also jumped to 1.02 crore on the BSE, up from a two-week average of 19.39 million shares. Zomato shares are up 88.4% from an IPO price of Rs 76 in the two months following their July 23 listing. Earlier this month, Kotak Institutional Equities launched Zomato coverage with a buy rating and a target price of Rs 175.
The broker also expects significant growth in total profit from Zomatos. ICICI Securities noted that Zomatos’ revenue growth in the second quarter of fiscal 22 was incredibly strong (+ 21% QoQ and 140% YoY) and far exceeded our expectations (+ 10% QoQ). Brokerage firm ICICI Securities has an estimated price of Rs 220 shares for Zomato shares as the company’s revenue growth in the second quarter of fiscal year 22 was incredibly strong and far exceeded its expectations.
Despite the fact that Zomato reported huge losses, its share on exchanges maintained its momentum. Following its stellar debut, Zomato has a market cap of around Rs 1 crore. Zomato, which began trading on Indian stock exchanges in July, is up more than 45% from its IPO price of Rs 76 each, with the stock currently trading at around Rs 139 per share.
National brokerage ICICI Securities said in a statement last week that the food delivery platform has huge potential and could record about 70% growth with a target of Rs 220 per share. Goldman Sachs supported a Buy offer for the stock with a target price of Rs 185 per share. In that regard, Goldman Sachs said the company is well positioned to increase its $ 155 billion share in TAM’s restaurant services by FY30.
Local brokerage ICICI Securities, impressed by Zomatos’ investment path, has rated it 55x P / E over its 25 fiscal year. However, he sees a growth scenario for the stock at Rs 270, and a downside scenario at Rs 90 per share.
The views and recommendations above are those of the individual analyst or brokerage firm and not of Mint. We’ll be coming every day with new information and ideas about the stock market, stock market trends, market opinions and technical analysis to help you. Friends, in this article, while doing a technical analysis of Zomato and looking at the company’s earnings data, information was provided about the target of Zomato’s share price in the next period.
JP Morgan began hedging the downgraded Zomato with a target price of Rs 112 per share, 9% below the current price. According to global research and brokerage firm JP Morgan, Zomatos’s premium valuation cannot be justified without significant leverage on the stock, which has sparked coverage of the food delivery giant’s title. The brokerage firm began hedging the downgraded Zomato with a target price of Rs 112 per share, citing four main reasons for the negative outlook.
Currently, the average check for Zomato is Rs 460 (1.6x the pre-covid level) and is ahead of Swiggy. The Short Term Volume Weighted Average Price (VWAP) is 152.1 and Zomato (ZOMATO) is trading above that level.
This is the sell zone. According to this indicator, Zomato stock is gaining buying momentum. MACD generated a buy signal for Zomato in the short term, and the buy signal was strong. The Ichimoku cloud is red, and the price is within or above the red cloud. The price seems to be falling. CCI produced a SELL signal for Zomato in the short term, but the SELL signal was weak.
The price has risen this week, but the transaction volume has not increased significantly. Target: The broker maintains the previous recommendation, but lowered the target price. We value the stock with a PSG ratio of 0.5 for annualized sales in December 2023 to reach our target price of Rs 1,200, which means a 44% drop.
Our analyst for Ai stocks suggests that this will happen in the future and that stocks can be useful for making money. Analysts see greater upside potential for the stock due to the company’s leadership in a fast-growing underdeveloped market, a strong business model and the ability to add new contiguous territories.
Credit Suisse started its coverage of Zomato with a higher rating and a target price of Rs 185. It is also the first among India’s online food aggregators, according to a PTI report.
As part of a long-term strategy to focus on core business, Zomato announced three key investments in startups Curefit, Magicpin and Shiprocket. After the company announced its earnings for the quarter ending September 2021, Zomato Limited’s share price rose 6% on Thursday, reaching an intraday high of Rs 144 at the BSE.
Analysts said that this time period is a year when Zomato Ltd. prices can rise to reach the set target. Established in 2010, Zomato Ltd. is a small stock operating in the service industry (market capitalization is 109,910.97 rupees).
The main product/revenue divisions of Zomato Ltd. include service income, other operating income and royalty income for the year ended March 31, 2021. For the quarter ended June 30, 2021, the company reported consolidated total revenue of 916.60 rupees, an increase of 22.08% over the previous quarter’s 750.80 rupees and 223.32%. Compared with the same period last year. 283.50 rupees
The share price has doubled from the IPO price of Rs 76 per share and is up more than 31 percent from the listing price of Rs 116. With a market capitalization of more than Rs 1.15,000 crores, the shares have expiration dates of more than 5 days, 20-day, 50-day, 100-day and 200-day moving averages. NSE and Nifty quotes are also available in real time and licensed by the National Stock Exchange.
Following Kotak Institutions, another local brokerage firm ICICI Securities also completed the acquisition of Zomato stock at a target price of 220 rupees. However, IPO payment companies have not received much response, such as Zomato, Nykaa and other smaller companies, which have achieved good results in the stock market.
Paytms’ parent company One97 Communications’ shares on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) fell more than 25% after their weak debut on Dalal Street. The company’s BSE stock traded at 127.90 rupees, an increase of 51.90 rupees, or 68.29%, from the 76 rupees per share mentioned during the IPO.
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