๐ Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. ๐ฅ
โ
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator โ
Log In
News on Medial
Zomato Extends Gains: Shares Jump Over 6% To Touch Fresh 52-Week High
Inc42
ยท
1y ago
Medial
Shares of foodtech major Zomato jumped over 6% to touch a fresh 52-week high on the BSE following its strong Q3 FY24 earnings. The company reported its third straight profitable quarter, with consolidated profit after tax (PAT) nearly quadrupling to INR 138 crore. Zomato's quick commerce business, Blinkit, witnessed a strong growth momentum, contributing to its overall profitability. Various brokerages, including Jefferies, HSBC, and Kotak, have increased their price targets on Zomato, reflecting positive sentiment. The stock has already gained 25% year to date.
View Source
Related News
Zomato shares rally 6% to hit a fresh all-time high
Inshorts
ยท
8m ago
Medial
Zomato shares extended gains for second consecutive day and jumped over 6% during the intraday trading session till (December 5) to hit a fresh all-time high at โน304.50 apiece on the BSE. The surge of stock price came on the back of heavy volumes, with over 5.84 crore equity shares worth โน1,770.06 crore on the BSE and NSE.
View Source
PB Fintech shares touch all time high
Inc42
ยท
1y ago
Medial
Shares of PB Fintech surged 10.6% to touch a record high at โน1,544.15 during the intraday trading on the BSE on Monday (July 1). The shares of the parent entity of insurtech major PolicyBazaar have been on an uptrend since last week. On June 27, PB Fintech shares touched a 52-week high at โน1,415 on the BSE.
View Source
New-Age Tech Stocksโ Winning Streak Ends; Yudiz Biggest Loser This Week
Inc42
ยท
1y ago
Medial
Indian new-age tech stocks experienced a mixed performance this week, with some stocks declining while others registered gains. Among the losers were Yudiz, PB Fintech, Nazara Technologies, Delhivery, Paytm, and RateGain. On the other hand, DroneAcharya emerged as the biggest gainer, followed by Nykaa, Zomato, ideaForge, and EaseMyTrip. The broader market saw a positive trend, with benchmark index Nifty 50 gaining 1.88% and Sensex rallying 1.86%. Paytm shares fell 2.3%, while Zomato continued its rally, touching another 52-week high. DroneAcharya gained 14.5% after launching the BHUJANG drone.
View Source
Zomato Gains Over 4% To Touch New 52-Week High
Inc42
ยท
1y ago
Medial
Zomato shares surged over 4% to reach a new 52-week high, following strong Q3 earnings. The company's consolidated profit after tax almost quadrupled, driven by growth in its quick commerce business. Zomato's food delivery business saw a 6.3% sequential growth in gross order value, while its Hyperpure vertical experienced over 2x YoY revenue growth. Brokerages such as Jefferies, Nuvama, HSBC, and Kotak have also increased their price targets on Zomato.
View Source
Swiggy shares surge 11.35% to reach an all-time high
Inshorts
ยท
8m ago
Medial
Shares of Swiggy surged to 11.35% during the intraday trading session on (December 5) to reach an all-time high at โน576.95 on the BSE. This marks the fresh 52-week high for the stock. The company market capitalisation stood at โน1,26,472 crore by 11:30 pm and as many as 26.6 crore Swiggy shares traded hands by then.
View Source
Paytm shares hit 52-week high as UBS sets โน1,000 target price
Inshorts
ยท
8m ago
Medial
Paytm-parent One97 Communications' shares jumped to a 52-week high of โน949.95 on Thursday before paring some gains and ending at โน927.50. The surge comes after UBS raised the target price for the shares from โน490 to โน1,000. The brokerage firm, however, retained its 'neutral' rating for the stock. Earlier, Bernstein also raised its target price for Paytm shares to โน1,000.
View Source
Zomato shares hit 52-week high after reporting first-ever profit
Inshorts
ยท
2y ago
Medial
Zomato's shares experienced a 14% surge, reaching a one-year peak on Friday following its inaugural profit announcement. Zomato achieved a consolidated net profit of โน2 crore for the April-June quarter, in contrast to a โน186 crore net loss in the same period last year. The company's shares hit a 52-week high of โน98.40 during early trading on Friday.
View Source
Zomato Gains Over 2% To 52-Week High After HSBC Raises Target To INR 150
Inc42
ยท
1y ago
Medial
Shares of Zomato surged by 2.5% to a 52-week high of INR 138 per share on BSE, following a target price increase by HSBC to INR 150. The brokerage firm holds a positive long-term outlook for Zomato, despite predicting subdued growth in 2024. Another analyst, Elara Securities, recommended buying Zomato stock after the platform fee for food delivery services was raised by 33%. Zomato's profitability in the food delivery business is expected to be driven by increased convenience fees, advertising income, and restaurant commissions. At the close of Thursday's session, Zomato shares were trading at INR 137.
View Source
Zomato Shares Hit Fresh All-Time High At INR 285.95 Amid Rally In Broader Markets
Inc42
ยท
11m ago
Medial
Shares of Zomato reached a new all-time high at INR 285.95 apiece, resulting in a 5% jump during intraday trading on the BSE. This surge in share prices aligned with the Sensex surpassing 83,000 points for the first time. Among the new-age tech stocks covered by Inc42, 15 out of 28 saw gains ranging from 0.51% to 7.61%, with Zaggle experiencing the highest increase.
View Source
Zomato stock hits 52-week high, market cap nears $10.7 billion
Economic Times
ยท
1y ago
Medial
Shares of online food and grocery delivery platform Zomato reached a 52-week high of Rs 105 per share as its market capitalization approaches $10.7 billion. The stock has experienced significant growth over the past six months and was one of the top buys for domestic fund houses in August. Zomato reported a surprise net profit of Rs 2 crore for the June quarter, attributed to strong revenue growth and improved margins. The company expects to remain profitable and deliver 40%+ year-on-year revenue growth for the next couple of years.
View Source
Trackers
Active Indian VCโs
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
June 2025
Buddy
Helping your parents when you are miles away
BiteStop
The Pit Stop Your Cravings Deserve
Bloomer
The next generation E-commerce platform
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything thatโs happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in