Zomato share price

Breakout stock: Zomato share price sees range breakout; analysts expect up to 18% upside

by
Breakout stock: Zomato share price sees range breakout; analysts expect up to 18% upside

Zomato share price hit its record high level of ₹286.50 apiece in early deals on Friday, extending gains for the seventh straight session. However, Zomato shares cooled off from the high levels and declined over 2%. Zomato stock price has rallied over 7% in one week and has surged more than 50% in the past … Read more

Zomato stock price up 112% in 2024; should investors buy now?

by
Zomato stock price up 112% in 2024; should investors buy now?

Global brokerage firm Nomura has increased its target price for Zomato to ₹280 from ₹225 while maintaining a ‘buy’ recommendation. This new target suggests a potential upside of over 9 percent. This comes after strong quarterly results for Q1FY25. Nomura highlighted Zomato’s significant growth potential and improving profitability in both its food delivery (FD) and … Read more