Zomato shares fall 5% following Jefferies downgrade, target price ...
3 days ago · Zomato share price: Shares of Zomato fell by 4.8% following Jefferies' downgrade of the stock from 'buy' to 'hold' and a 18% cut in the target price. Concerns over intensifying competition in the quick commerce segment and the impact on profitability were cited. Earnings estimates for Blinkit and overall EBITDA projections have been significantly reduced.
Zomato stock plunges 5% after Jefferies downgrade to 'hold' as …
3 days ago · After Zomato’s shares more than doubled in value in 2024, analysts at Jefferies predict that 2025 could be a breather year, with the stock likely shifting gears into a phase of price consolidation.
NRAI to sue Zomato and Swiggy for attempting to monopolise …
14 hours ago · In Zomato via Blinkit's separate Bistro app and Swiggy launching Snacc for quick food delivery.” ... Desk is a vigilant and dedicated team of journalists committed to delivering the latest and ...
Zomato shares fall 5% as Quick Commerce concerns prompt
3 days ago · Food delivery aggregator and Quick Commerce service provider Zomato Ltd. has been downgraded by Jefferies to "hold" from its earlier rating of "buy" and also cut its price target. Jefferies has cut its price target on Zomato to ₹275 from ₹335 earlier, an 18% cut. The revised price target is nearly at par with Zomato's closing price on Monday.
Zomato News: Zomato latest news and recent zomato updates
In today's trade, shares of RIL, NTPC Green, IndusInd Bank, Zomato and Vedanta will be in focus due to various news developments. Zomato shares are in focus on Monday as the food delivery giant becomes the first new-age tech company to join the BSE Sensex’s 30-share frontline index.
NRAI to file complaint against Zomato, Swiggy over ‘pvt labelling ...
14 hours ago · News; Business; NRAI to file complaint against Zomato, Swiggy over 'pvt labelling', food delivery via separate apps; ... Opposing “private labelling” by Zomato and Swiggy and their recent foray into quick commerce food delivery via separate apps, restaurant body NRAI on Thursday said it will file complaints with “relevant regulatory ...
zomato shares: Zomato shares may rise 22% backed by food …
1 day ago · Kotak Institutional Equities has maintained a ‘buy rating on Zomato with a target price of Rs 305, expecting a 22.3% upside. The brokerage forecasts a 19% YoY growth in Zomatos food delivery GMV and a 114% growth in Blinkit GMV. While Blinkit's expansion may lead to widening EBITDA losses, its strong unit economics continue to support long-term growth potential.
Is Zomato’s dream stock market run over? - India Today
3 days ago · News Business Is Zomato’s dream stock market run over? Is Zomato's dream stock market run over? Zomato's share price has declined over 9% in the past 5 trading sessions and over 14% in a month. At around 12:05 pm, shares of the company were trading 4.38% lower at Rs 253.05. Listen to Story.
Zomato News: Zomato Latest News, Zomato Today news, Zomato …
Dec 19, 2024 · Zomato News: Check here latest news and updates about Zomato in India. Read top headlines and breaking news today in India about Zomato on financialexpress.com.
Zomato’s 260% Stock Surge Has Analysts Scrambling to Catch Up
Apr 15, 2024 · Zomato Ltd. has outpaced gains in all the world’s major delivery stocks over the past year, sending analysts scrambling to boost their outlooks for the Indian company as its profitability...
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