zomato share price target Since its listing, bond prices have been on an uptrend, setting record highs over the past three trading days, nearly double the IPO price of Rs 76 per share. Share price of Zomato on both BSE and National Stock Exchange (NSE) rose nearly 5% in early trade on Tuesday, hitting a record high of Rs 147.80 per share. After the listing of MSCI India Index, Zomato share price rose 9% to hit a 52-week high of Rs 153 on BSE.
Zomato Share Price Target 2022, 2023, 2024, 2025 and 2030
Share trading volume of Zomato also rose to 1.02 crore shares from the two-week average of 19.39 million shares on BSE. Shares of Zomato are up 88.4% from its IPO price of Rs 76 in the two months since its 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 a significant increase in the overall profit from Zomatos. ICICI Securities noted that Zomato’s revenue growth in Q2 of FY22 was incredibly strong (+21% QoQ and 140% YoY) and far exceeded our expectations (+10% QoQ). Brokerage firm ICICI Securities has an estimated price of 220 shares for Zomato shares as the company’s revenue growth in Q2 of FY22 was incredibly strong and exceeded its expectations.
Despite the fact that Zomato reported heavy losses, its share on the exchanges maintained its momentum. After 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 over 45% from its IPO price of Rs 76, 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 great potential and can register a growth of around 70% with a target of Rs 220 per share. Goldman Sachs supported a buy offer for the share with a target price of Rs 185 per share. In this regard, Goldman Sachs said the company is well positioned to increase its $155 billion stake in TAM’s restaurant services by FY30.
Local brokerage ICICI Securities, influenced by Zomato’s investment path, has rated it 55x P/E in its 25 financial years. However, he sees a growth outlook of Rs 270 and a downside outlook of Rs 90 per share for the stock.
The views and recommendations given above are those of an individual analyst or brokerage firm and not that of Mint. We will bring new information and ideas about the stock market, stock market trends, market opinion and technical analysis every day to help you. Friends, in this article, while doing technical analysis of Zomato and looking at the earnings data of the company, information was given about the target of Zomato’s share price in the next round.
JP Morgan started hedging the downgraded Zomato with a target price of Rs 112 per share, which is 9% lower than the current price. Zomato’s premium valuation cannot be justified without significant gains on the stock, which has extended coverage of the food delivery giant’s title, according to global research and brokerage firm JP Morgan. The brokerage firm started hedging the downgraded Zomato with a target price of Rs 112 per share, citing four main reasons for the negative outlook.
Currently, Zomato’s average check is Rs 460 (1.6 times the pre-Covid level) and it is ahead of Swiggy. Short Term Volume Weighted Average Price (VWAP) is 152.1 and Zomato (ZOMATO) is trading above that level.
This is the sales area. According to this indicator, the pace of buying in Zomato’s stock is increasing. MACD generated a buy signal for Zomato in the near term, and the buy signal was strong. The Ichimoku cloud is red, and the price is within or above the red cloud. Looks like the price is going down. CCI generated SELL signal for Zomato in short term but SELL signal was weak.
The price has risen this week, but there has not been a significant increase in trading volume. Target: Broker retains the previous recommendation, but reduces the target price. We value the stock to reach its target price of Rs 1,200 with a PSG ratio of 0.5 to Annual Sales in December 2023, which means a decline of 44%.
Our analyst suggestion for AI stocks is that it will happen in future and this stock can be useful for making money. Analysts see greater potential for the stock due to the company’s leadership in a rapidly growing underdeveloped market, a strong business model, and ability to add new near-term segments.
Credit Suisse launched its coverage of Zomato with a high rating and a target price of Rs 185. According to a report by PTI, it is also the first among online food aggregators in India.
As part of its long-term strategy to focus on core business, Zomato announced three major investments in startups CureFit, MagicPin and ShipRocket. Share price of Zomato Ltd rose 6% on Thursday, hitting an all-time high of Rs 144 on BSE, after the company announced its earnings for the quarter ended September 2021.
Analysts said this time period is one year when Zomato Ltd. Prices may increase to reach the target set. Established in 2010, Zomato Ltd. is a short stock operating in service industry (market capitalization is Rs 109,910.97).
The core products/revenue divisions of Zomato Limited 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 recorded a growth of total revenue of Rs 916.60, a growth of 22.08% as compared to Rs 750.80 and 223.32% in the previous quarter. compared to the same period last year. Rs 283.50
The share price has more than doubled from its IPO price of Rs 76 per share and is up more than 31 per cent from the listing price of Rs 116. With a market capitalization of over Rs 1.15,000 crore, the shares have expiry dates higher than 5-day, 20-day, 50-day, 100-day and 200-day moving averages. NSE and Nifty quotes are also available in real time and are licensed by National Stock Exchange.
After Kotak Institutions, another local brokerage firm ICICI Securities also completed the acquisition of Zomato stock with a target price of Rs 220. However, the 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.
Shares of Paytm’s parent company One97 Communications on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) fell over 25% after a weak opening on Dalal Street. The BSE stock of the company was trading at Rs 127.90, up Rs 51.90 or 68.29% from Rs 76 per share mentioned during the IPO.
- Yes Bank share price target 2022, 2023, 2024, 2025 and 2030
- Vedanta Share Price Targets 2022, 2023, 2024, 2025 and 2030
- Paytm Share Price Target 2022, 2023, 2024, 2025 and 2030
- Maruti Share Price Target 2022, 2023, 2024, 2025, 2030
- Tata Power Share Price Target 2022, 2023, 2024, 2025, 2030
- Fino Payment Bank Share Price Target 2022, 2023, 2024, 2025, 2030
- Adani Enterprises Share Price Target 2022, 2023, 2024 and 2025
- Adani Gas Share Price Targets 2022, 2023, 2024, 2025 and 2030
- Policybazaar Share Price Targets 2022, 2023, 2024, 2025 and 2030
- Sigachi Share Price Target 2022, 2023, 2024, 2025, 2030
- Nykaa Share Price Target 2022, 2023,2024, 2025, 2030
- Tata Motors Share Price Target 2022, 2023, 2024, 2025, 2030
- ICICI Bank Share Price Target 2022, 2023, 2025, 2030
- Infosys Share Price Target 2022, 2023, 2024, 2025, 2030