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Zomato shares hit 52-week high of ₹121.90

Money Control

Money Control · 1y ago

Zomato shares hit 52-week high of ₹121.90

Food delivery platform Zomato saw its shares surge by 5% and hit a 52-week high after posting its second consecutive profitable quarter. Zomato reported a net profit of Rs 36 crore and revenue growth of 71% YoY to Rs 2,848 crore. The positive results prompted multiple brokerages to raise their price targets for the stock and express confidence in Zomato's ability to maintain its lead in the food delivery market. The company expects moderate growth in food delivery for the next quarter but remains focused on long-term prospects.

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Zomato shares hit 52-week high after reporting first-ever profit

Inshorts · 2y ago

Zomato shares hit 52-week high after reporting first-ever profit

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 ₹2 crore for the April-June quarter, in contrast to a ₹186 crore net loss in the same period last year. The company's shares hit a 52-week high of ₹98.40 during early trading on Friday.

Tata Motors shares hit fresh 52-week low; is there more pain left?

Business Today

Business Today · 5m ago

Tata Motors shares hit fresh 52-week low; is there more pain left?

Tata Motors shares have hit a new 52-week low, declining by 2.31% to Rs 606.20. The stock was last trading down 0.45% at Rs 617.75. Over the past six months, the shares have plummeted by 43.09%.

Zomato Gains Over 2% To 52-Week High After HSBC Raises Target To INR 150

Inc42 · 1y ago

Zomato Gains Over 2% To 52-Week High After HSBC Raises Target To INR 150

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.

Zomato shares rise 58% from 52-week low, can they breach record high?

Business Today

Business Today · 5m ago

Zomato shares rise 58% from 52-week low, can they breach record high?

Shares of Zomato have risen 58% from a 52-week low of Rs 144.30, hitting a record high of Rs 304.50. In 2024, the stock soared 125%, but has decreased 17% this year. Analysts' target prices include Rs 310 (Bernstein), Rs 240 (Anand Rathi), and Rs 330 (Motilal Oswal), with a stop loss at Rs 196. Zomato aims for 1,000 Blinkit dark stores by FY25, with growing PAT margins projected through FY27.

Zomato Gains Over 4% To Touch New 52-Week High

Inc42 · 1y ago

Zomato Gains Over 4% To Touch New 52-Week High

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.

PB Fintech shares touch all time high

Inc42 · 1y ago

PB Fintech shares touch all time high

Shares of PB Fintech surged 10.6% to touch a record high at ₹1,544.15 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 ₹1,415 on the BSE.

Gensol shares continue to slide; hit new lower circuit limit

YourStory

YourStory · 3m ago

Gensol shares continue to slide; hit new lower circuit limit

Shares of Gensol Engineering fell 5% after promoters Anmol Singh Jaggi and Puneet Singh Jaggi resigned following SEBI's interim order, which barred them over fund diversion and governance lapses. The stock hit a 52-week low, down 95.39% from its high, continuing to slide for 23 sessions, dropping 68.28%. SEBI also halted Gensol's planned stock split. The Jaggi brothers resigned as directors effective May 12, 2025, amid regulatory scrutiny.

New-Age Tech Stocks’ Winning Streak Ends; Yudiz Biggest Loser This Week

Inc42 · 1y ago

New-Age Tech Stocks’ Winning Streak Ends; Yudiz Biggest Loser This Week

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.

Zomato Extends Gains: Shares Jump Over 6% To Touch Fresh 52-Week High

Inc42 · 1y ago

Zomato Extends Gains: Shares Jump Over 6% To Touch Fresh 52-Week High

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.

Zomato stock hits 52-week high, market cap nears $10.7 billion

Economic Times

Economic Times · 1y ago

Zomato stock hits 52-week high, market cap nears $10.7 billion

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.

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