Zomato Share Prices: A Quick Overview
Introduction
Zomato, the popular food delivery and restaurant discovery platform, has been making waves in the stock market. Let’s dive into its recent performance and what experts are saying.
Recent Performance
- Q4 FY24 Results: Zomato reported a consolidated net profit of ₹175 crore in Q4 FY24, a significant improvement from the loss of ₹188 crore in the same period last year. The net profit grew by 27% compared to the previous quarter1.
- Stock Price: As of the latest update, Zomato’s stock price stands at ₹189.95 per share2. It’s essential to note that the stock has seen both highs and lows over the past year, with a 52-week range of ₹61.8 to ₹207.22.
Expert Opinions
- Bullish Outlook: Morgan Stanley and CLSA are optimistic about Zomato’s prospects after its solid Q4 performance. Keep an eye on their target prices3.
- Market Sentiment: Despite strong results, Zomato’s shares fell by 6% in early trade. Analysts attribute this to various factors, so it’s crucial to stay informed4.
Conclusion
Zomato’s journey in the stock market continues to be dynamic. Whether you’re a seasoned investor or a curious observer, keep track of its performance and expert opinions to make informed decisions.