Mon, Mar 18, 2024
Food delivery platform Zomato received a penalty notice from Gujarat tax authorities for an alleged GST error in 2018-19. Zomato claims a mistake was made and will fight the penalty.
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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.
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.
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?
Fri, Feb 10, 2023
The stock of Zomato succumbed to selling pressure on Feb 10, a day after the food delivery firm reported a set of financial results for the quarter ended December 2022 that exceeded analysts' estimates.
Tue, Nov 29, 2022
Shares of Zomato traded under pressure on November 29, even as brokerage firm Morgan Stanley tagged 'Overweight' rating on the counter.
Mon, Jul 25, 2022
The Zomato IPO was listed on the stock exchanges on July 23 last year and the one year lock in has expired.
Wed, Mar 23, 2022
Food delivery company Zomato will now deliver food at your doorstep in just 10 minutes. The company is all set to launch Zomato Instant soon. Watch the video for more.
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