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Zomato launches 'book now, sell anytime’ feature for event ticketing; details inside

Zomato launches 'book now, sell anytime’ feature for event ticketing; details inside

Tue, Aug 27, 2024

Zomato's 'book now, sell anytime’ feature: Through this, the users can book a ticket for an event in advance and sell them later in case they don't want to use it, and if another customer purchases the listed ticket, the seller's ticket will be cancelled.

Online food delivery firm Zomato restarts 'Intercity Legends' service, increases minimum order value; check details

Online food delivery firm Zomato restarts 'Intercity Legends' service, increases minimum order value; check details

Thu, Jul 04, 2024

Zomato Legends: Previously, Zomato delivered orders to select eateries on the same day, suggesting it had stock of particular foods. This practice has been abandoned, and all dishes are now delivered cold, depending solely on requests.

Zomato Shares Drop 4.6% Amid Block Deal | Stock Market News

Zomato Shares Drop 4.6% Amid Block Deal | Stock Market News

Wed, Mar 06, 2024

Zomato's shares plunged 4.6% to Rs 158.25 after a significant block deal involving 19 crore shares worth Rs 3,112 crore. The transaction, representing 2.2% of the company's equity, occurred without immediate disclosure of the parties involved.

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Zomato Shares Hit All-Time High, Up 200% in a Year | Stock Market News

Zomato Shares Hit All-Time High, Up 200% in a Year | Stock Market News

Fri, Mar 01, 2024

Zomato's stock surged 4.8% on March 1, reaching an all-time high of Rs 173.45 on the Bombay Stock Exchange (BSE). Over the past year, Zomato shares have soared by over 200%, outperforming the Nifty 50 index. In the third quarter of the fiscal year, Zomato reported a consolidated net profit of Rs 138 crore, with consolidated revenue reaching Rs 3,288 crore.

Zomato Shares Up 4% After Q3 Profit, Hits Fresh 52-Week High | Stock Market News

Zomato Shares Up 4% After Q3 Profit, Hits Fresh 52-Week High | Stock Market News

Fri, Feb 09, 2024

Zomato's share price surged over 4% in early Friday trading, reaching a new 52-week peak following robust Q3 results driven by food delivery growth. The online food delivery platform reported a significant jump in net profit and revenue, with promising prospects for continued growth in gross order value. Analysts at Emkay Global Financial Services praised Zomato's performance across segments, particularly highlighting its food delivery contribution margin improvement and Blinkit's positive trajectory. Zomato shares have soared over 121% in the past year and were trading higher on the BSE.

Zomato Shares Dip as GST Authorities Issue Rs 402 Crore Show-Cause Notice

Zomato Shares Dip as GST Authorities Issue Rs 402 Crore Show-Cause Notice

Thu, Dec 28, 2023

Zomato shares fell 2% on Dec 28 following a Rs 402 crore show-cause notice from GST authorities regarding alleged unpaid taxes on delivery charges. The company claims it's not liable, citing delivery partners as service providers. Zomato plans to contest the notice but acknowledges the substantial amount in question, over 10 times its recent quarterly profit.

Zomato Shares Rise Post Shiprocket Acquisition Denial | Stock Market News

Zomato Shares Rise Post Shiprocket Acquisition Denial | Stock Market News

Fri, Dec 22, 2023

Zomato clarifies it has no plans for a $2 billion acquisition of Shiprocket, responding to recent media reports. The denial led to a rise in Zomato's share price on Friday, reaching close to its 52-week high. While Jefferies maintains a "buy" rating with a Rs 165 target, they consider the acquisition unlikely due to Zomato's current focus on its core business and Quick Commerce operations.

Zomato Shares Surge Amid Alipay Stake Sale Via Block Deal | Stock Market News

Zomato Shares Surge Amid Alipay Stake Sale Via Block Deal | Stock Market News

Wed, Nov 29, 2023

Zomato Ltd shares surged 4% on November 29, driven by a massive block deal. A total of 29 crore shares were traded at Rs 112 per share, amounting to Rs 3,248 crore. Alipay Singapore Holding Pte Ltd was the likely seller, offloading its entire 3.44% stake in the company. The block deal was executed at a 2.2% discount to Nov 28's closing price of Rs 113.80. Zomato's stock has gained nearly 90% year-to-date.

Zomato Shares Hit 52-Week High – Check What Brokerages Recommend | Stock Market News

Zomato Shares Hit 52-Week High – Check What Brokerages Recommend | Stock Market News

Mon, Nov 06, 2023

Zomato shares hit a fresh 52-week high on Monday, November 6, after CLSA upgraded the food aggregator and delivery company to outperform from buy rating. The brokerage cited acceleration in gross order value (GOV) and improvement in profitability as reasons for the upgrade. Zomato reported Rs 36 crore as net profit in Q2 FY24, against Rs 251 crore loss in Q2 FY23. GOV grew 20% YoY in food delivery and 86% in quick commerce in Q2 FY24. Monthly transacting customers (MTC) and use frequency also increased.

Zomato Shares Soar as Swiggy Delivery Workers Strike in Mumbai | Stock Market News

Zomato Shares Soar as Swiggy Delivery Workers Strike in Mumbai | Stock Market News

Tue, Oct 10, 2023

Zomato shares rose as much as 4% on Tuesday after Swiggy delivery workers went on strike in Mumbai. The strike caused disruption in food delivery services in the city, and analysts believe that this could benefit Zomato. The company's revenue and profit increased in Q1FY24, and FIIs have been paring their stake in the company, while mutual funds have increased their holdings.

Zomato Shares Jump Over 5% Amid Block Deal Buzz: What's the Trend in DIIs' Ownership of Zomato?

Zomato Shares Jump Over 5% Amid Block Deal Buzz: What's the Trend in DIIs' Ownership of Zomato?

Wed, Aug 30, 2023

Big block deal happened in Zomato today: SoftBank sold a big stake today. Who has sold his share so far? Zomato: What is the trend of DIIs' share, know complete details in this video

"Zomato's Future Revealed: Morgan Stanley Report Analysis | Business Growth Forecast"

"Zomato's Future Revealed: Morgan Stanley Report Analysis | Business Growth Forecast"

Mon, Aug 28, 2023

Morgan Stanley report on Zomato: What is special about Morgan Stanley's report? What is the view of brokerages on Zomato? Know how will be the growth of business in future?

Zomato share price rallies 5% on block deal news

Zomato share price rallies 5% on block deal news

Mon, Aug 28, 2023

Zomato share price rallied over 5% in early morning trade on August 28 amid reports of a block deal. The stock jumped as much as 5.56% to a high of Rs 96.00 apiece on the BSE. According to media reports, around 3.2 crore Zomato shares worth Rs 288 crore changed hands in the block deal window at Rs 90.10 per share.

Zomato shares: What makes this stock a 'good buy'? Brokerage sees over 30% upside— key factors

Zomato shares: What makes this stock a 'good buy'? Brokerage sees over 30% upside— key factors

Mon, Aug 29, 2022

Zomato share price: Shares of Zomato declined over six per cent in early trade on Monday as the market opened two per cent lower amid weak global cues.

Zomato share price jumps nearly 18% post Q1 results, gains 30% in 5 days; brokerages see huge return in food delivery firm stock- Check TPs

Zomato share price jumps nearly 18% post Q1 results, gains 30% in 5 days; brokerages see huge return in food delivery firm stock- Check TPs

Tue, Aug 02, 2022

Zomato share price: Shares of Zomato rose over 17% in Tuesday's intraday trade after the food aggregator company's consolidated net loss almost halved to Rs 186 crore in the April-June quarter against a net loss of Rs 360.7 crore in the same quarter of the previous year

Zomato stock price falls nearly 20% in two sessions, drops 75% on 52-week high but Jefferies says buy for massive target—Here is why!

Zomato stock price falls nearly 20% in two sessions, drops 75% on 52-week high but Jefferies says buy for massive target—Here is why!

Tue, Jul 26, 2022

Zomato share price target: Shares of Zomato dropped over 12% in BSE intraday day trade on Tuesday.

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