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HomeINVESTMENT₹190 Share Reach All-time High, Strong Results Are Expected; Know The Huge...

₹190 Share Reach All-time High, Strong Results Are Expected; Know The Huge Target

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Today, in this post we’ll discuss about Zomato latest news, fundamentals, potential growth areas, and all sorts of information regarding this company to gain a better understanding. We hope our analysis will provide you better insight about the company.

The shares of the online food delivery service Zomato (NSE: ZOMATO) reached an all-time high during the final trading day of this week. 

Zomato’s stock hit 192 rupees during the day and was closed at Rs 191 which is a stock rising by two percent.

The Q4 results season will begin in the coming week. Kotak Institutional believes that its performance during the March quarter is going to be impressive.

This stock has provided an annual return of 270 percent within a year.

Expected Q4 Performance To Be Exceptional

Kotak Securities has increased the price target of Zomato shares from Rs 190 to Rs 210. Expectations for strong performance during this quarter’s March quarter. 

An annual increase of 25% could be likely for Blinkit’s GMV for food deliveries during the fourth quarter of this year. 

The gross merchandise value of Blinkit could also increase by a factor of two. Blinkit will gain a lot from opening new stores.

1st January Zomato announced an increase in the fees for its platform. Its benefits will also be evident in the results for this quarter. 

There is a great chance to boost the market share of the company. In light of these aspects, brokerage firm has increased the price target from Rs 190 to Rs 210.

Share Price History Of Zomato

Zomato’s shares have witnessed the value of their shares increasing over an extended period. 

The share was trading at Rs 191. The stock has risen by 15 percent in just one month.

It has increased by 43 percent over three months, 55 percent in the first three months of this year, and the 270 percent mark in just one year.

The year 2024 saw this stock was at a value of 121 as of the 18th of January. On January 20, 2023, the amount was the amount of Rs 44.

About Zomato Ltd Company 

Zomato Ltd is an online food service platform established in the year 2010. It’s a technology platform that connects restaurants, and delivery partners to meet their diverse requirements. 

It provides the ability to search for restaurants and discover them through an app and website, offering comprehensive information about restaurants. 

Customers use the app to find, and rate restaurants and establish their foodie network for dependable recommendations. 

It’s been extended to include Online Ordering Table Reservations, the Whitelabel Platform, and the Point-of-Sale option. 

The company’s authorized capital is ₹1,517.37 crore, and it has ₹871.09 crore paid-up capital.

Fundamental Analysis of Zomato Ltd

Market Cap₹ 1,68,017 Cr.
Current Price₹ 190
52-wk High₹ 192
52-wk Low₹51.8
Stock P/E
Book Value₹ 22.9
Dividend0.00 %
ROCE-5.79 %
ROE-5.91 %
Face Value₹ 1.00
P/B Value8.30
OPM-2.55 %
EPS₹ -0.02
Debt₹ 521 Cr.
Debt to Equity0.03

Zomato Ltd Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 165₹ 200
2025₹ 210₹ 245
2026₹ 265₹ 285
2027₹ 305₹ 315
2028₹ 326₹ 355
2029₹ 385₹ 405
2030₹ 415₹ 454
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Zomato Ltd Shareholding Pattern

FII Holding
Dec 202256.74%
Mar 202354.61%
June 202354.43%
Sept 202354.72%
Dec 202354.88%
DII Holding
Dec 20227.43%
Mar 20238.04%
June 20239.93%
Sept 202313.04%
Dec 202315.47%
Public Holding
Dec 202233.57%
Mar 202335.15%
June 202333.56%
Sept 202330.42%
Dec 202327.98%
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Others Holding
Dec 20222.26%
Mar 20232.22%
June 20232.09%
Sept 20231.82%
Dec 20231.66%

Zomato Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 1,313 Cr
2020₹ 2,605 Cr
2021₹ 1,994 Cr
2022₹ 4,192 Cr
2023₹ 10,608 Cr

Last 5 Years’ Net Profit:

2019₹ -1,010 Cr
2020₹ -2,386 Cr
2021₹ -816 Cr
2022₹ -1,222 Cr
2023₹ -12 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190
20200
20210
20220
20230

Last 10 Years’ Profit Growth:

10 Years:
5 Years:
3 Years:16%
Current Year:99%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:-21%
3 Years:-9%
Last Year:-6%

Sales Growth Over 10 Years:

10 Years:
5 Years:72%
3 Years:40%
Current Year:70%

Conclusion

This article is a complete guide about Zomato Ltd Share.

These information and forecasts are based on our analysis, research, company fundamentals and history, experiences, and various technical analyses. 

Also, We have talked in detail about the share’s future prospects and growth potential.

Hopefully, these informations will help you in your further investment. 

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Disclaimer: The information on this site is only for informational and educational purposes and shouldn’t be considered financial advice or stock recommendations. We are here to provide timely updates about the stock market and financial products to help you make better investment choices.

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