Zomato shares increased 7.7 percent in early morning trading today to ₹261.60 a share, following a slight decline in recent sessions. This increase followed the major brokerage company JP Morgan’s ₹208 to ₹340 share target price increase for the stock. This is Zomato’s second-highest target price after CLSA revised it up to ₹353 per share…
Paytm share price increased by nearly 5% after announcing a sale of its entertainment and ticketing division to meal delivery service Zomato for ₹2,048 crore. Paytm shares increased 5.47% to ₹604.45, while Zomato shares increased 2.71% to ₹267.00 on the BSE. One 97 Communications, the parent company of finance giant Paytm, has agreed to sell…
On August 20, Zomato shares worth ₹5,438.50 crore were sold in a block sale, as reported by Moneycontrol. The seller is thought to be Antfin Singapore Holding, an Alibaba Group unit. The transaction, 21 crore shares were exchanged, representing a 2.4% interest in the online meal delivery company. The purchase was concluded at a floor…
Zomato Shares Reach New Highs Zomato shares rose 2% on Thursday, reaching a record 52-week high of Rs 234 per share and a total market valuation of Rs 2.05 lakh billion. The stock’s value has increased thrice since its 52-week low. Zomato, a food delivery company, is slated to disclose its quarterly results for the…
Zomato shares: A day after the meal delivery aggregator announced it was raising its platform fee to ₹6 from ₹5, Zomato’s share price soared over 4% to reach a 52-week high on Monday’s session. The expected outcome of the new platform fees, which are set to be introduced in certain cities such as Bengaluru and…
On Tuesday, July 9, the Zomato share price jumped about 3% to a new all-time high in intraday trading on the BSE. Zomato shares opened at ₹208.65 against its previous closing of ₹207.90 and shortly surged over 3% to achieve a new all-time high of ₹214. If the stock closes higher, it will be up…
Zomato shares: Zomato’s stock experienced a 6% decline today following the company’s Q4 earnings announcement. In the fourth quarter of FY24, Zomato reported a consolidated net profit of ₹175 crore, a notable turnaround from the ₹188 crore loss recorded in the same period last year. This represents a 27% increase from the ₹138 crore profit…
