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Mint

Zomato share are down by -0.02%, Nifty up by 0.55%

Zomato Share Price Today on 19-09-2024: On the last trading day, Zomato's stock opened at ₹276.25 and closed slightly lower at ₹275.70. The stock reached a high of ₹280.85 and a low of ₹275.20 during the day. Overall, the stock experienced a modest decline by the end of the trading session.

The Economic Times

Paytm shares double in 4 months despite regulatory trouble. What is the road ahead?

Paytm Share Price: The company was in headlines on selling its ticketing business to Zomato and also on the reports of SEBI issuing show-cause notices to Vijay Shekhar Sharma, the founder of the company.

Business Line

Stocks that will see action today: September 19, 2024

Buzzing stocks: IREDA, MTNL, PNB, GE T&D, NTPC, Zomato, Macrotech, Nazara, Restaurant Brands, SpiceJet, Aditya Birla Capital, Pudumjee Paper, BL Kashyap, Garde Reach

Business Standard

Zomato receives fresh GST demand, penalty order amounting to Rs 17.7 cr

Online food delivery aggregator Zomato on Wednesday said it has received a GST demand order along with interest and penalty amounting to Rs 17.7 crore from the Assistant Commissioner of Revenue, West Bengal. The demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty thereon. "We believe that we have a strong case on merits and the Company will be filing an appeal against the order before the appropriate authority," Zomato said in a regulatory filing. The order is for the period April 2021 to March 2022 passed by Assistant Commissioner of Revenue, Government of West Bengal confirming demand of GST of Rs 11,12,79,712 with interest of Rs 5,46,81,021 and penalty of Rs 1,11,27,971. "The Company in its response to the show cause notice had clarified on the issue along with relevant documents and judicial precedents, which appears to not have been appreciated by the authorities while passing the order," Zomato ...

The Economic Times

Zomato gets fresh GST demand, penalty order of Rs 17.7 crore

The demand order, received by the company on Tuesday, is with respect to non- payment of GST on delivery charges and interest, penalty thereon.

The Economic Times

In the next 10 years, listed digital platforms can see huge value creation like US tech stocks last decade: Ashi Anand

Ashi Anand, Founder & CEO of IME Capital, believes that new-age companies like Zomato and Policybazaar will see significant profitability and value creation in the coming decade. Despite current high valuations, Anand argues these companies are solving customer needs more efficiently than traditional businesses, indicating strong growth and profitability ahead.

The Economic Times

Why Fed rate cuts could boost India's growth stocks? Sunil Subramaniam explains

These businesses take time to build core potential. When they launched, there was a lot of hype, but the reality lagged behind. Now, the world is changing, and companies like Zomato and Nykaa are gaining traction at the ground level.

The Economic Times

Zomato shares fall 1.89% as Nifty gains

The stock quoted a 52-week high price of Rs 286.5 and a 52-week low of Rs 97.81.

The Economic Times

Paytm, Zomato among four stocks that crossed above VWAP on September 16

When the closing price rises above the VWAP, it indicates that the closing price is higher than the average price at which the stock was traded throughout the day, with this average weighted by trading volume.

The Economic Times

Bajaj Housing Finance: Is it time to hold or wait for a correction? Devang Mehta answers

​​The apprehension that the people earlier had when the IPO of Zomato had come and you saw the seesaw that happened on the stock price, both on the upside as well as on the downside, that was because, yes, India still more or less values companies on profits rather than on revenues.

The Economic Times

Quick-commerce players scaling up 24x7 deliveries as festive season sets in

Quick-commerce platforms are expanding their 24x7 delivery services during the festive season to meet consumer demand, especially for late-night orders. Companies like Swiggy Instamart and Zomato are scaling up operations across multiple cities, focusing on impulse categories and essential items. This trend is driven by a rise in nighttime consumer behavior.

Mint

‘Remember that platform fee you pay:’ Porsche, Lamborghini & BMW parked at Zomato office draw social media attention

An Instagram reel featuring luxury cars outside Zomato and Blinkit offices has gone viral, gaining 1.2 million views.

Hindustan Times

This Indian CEO, worth crores, claims she still uses Zomato coupons: ‘I get excited about 40 rupees’

Radhika Gupta, CEO of Edelweiss Asset Management, says that she still uses Zomato coupons to get the best deals.

The Economic Times

Zomato shares rise 0.6 per cent in Monday's trading session

The Relative Strength Index of the stock stood at 62.42 on Monday.

Business Standard

Zomato bans AI-generated images from food menus to preserve authenticity

Effective from Monday (September 16), restaurants that fail to comply with the new rule against AI images will be removed from Zomato

Mint

Zomato share are down by -0.77%, Nifty up by 0.15%

Zomato Share Price Today : On the last trading day, Zomato opened at ₹275 and closed at ₹270.8. The stock reached a high of ₹275.7 and a low of ₹269.5 during the trading session.

The Economic Times

Softbank-backed Swiggy said to eye India IPO filing this week

Swiggy Ltd., an Indian food-delivery platform, is planning to file for its domestic IPO soon, aiming to raise over $1 billion. The company is awaiting approval from India's Securities and Exchange Board. Swiggy competes with Zomato, Amazon India, and Tata Group's BigBasket in the food delivery market.

Mint

New-Age Tech Stocks | Paytm, Zomato outperform Nifty 50 this week, CarTrade biggest gainer; Nykaa reduced to ‘sell’

New-Age Tech Stocks | CarTrade Tech emerged as the biggest weekly gainer among new-age stocks, rising over 11 per cent in the last five days, followed by Brainbees Solutions (First Cry) and C.E. Info Systems.

Business Standard

Zomato teams up with IRCTC to offer food delivery service on trains

This collaboration aims to transform train journeys, enabling passengers to enjoy a variety of dishes from the comfort of their train seats

The Economic Times

Bernstein hikes Zomato target price, projects 16% upside amid quick-commerce boom

Brokerage firm Bernstein has upheld its 'Outperform' rating on Zomato and adjusted its target price to Rs 330, indicating a potential increase of 16% from the previous day's closing price of Rs 283.9. The firm attributes this revised outlook to the rapid expansion of the quick commerce (QC) sector. Bernstein notes that initial assumptions about QC—such as its focus on small 'top-up' orders, its appeal being limited to metropolitan areas, and its catering mainly to affluent consumers—have been consistently updated each quarter.

The Economic Times

Zomato shares down 3.66% as Nifty falls

The stock quoted a 52-week high price of Rs 286.5 and low of Rs 97.07.

CNBC TV18

Zomato shares off record high, here’s why Bernstein has raised target price

Bernstein is of the view that Zomato is prioritising long-term leadership over short-term profitability.

Mint

Breakout stock: Zomato share price sees range breakout; analysts expect up to 18% upside

Zomato stock price has rallied over 7% in one week and has surged more than 50% in the past three months. The stock has witnessed a technical breakout above the consolidation zone and analysts expect the medium-term uptrend in Zomato shares will continue.

Mint

Zomato share are down by -2.04%, Nifty down by -0.08%

Zomato Share Price Today : On the last trading day, Zomato opened at ₹285.7 and closed at ₹278.1. The stock reached a high of ₹286.5 and a low of ₹277.7 during the day.

The Economic Times

Zomato shares soar 126% this year: Still time to catch the bull run?

Zomato Share Price: Zomato shares have surged by 126% this year, driven by strong growth in food delivery and quick commerce. Analysts remain optimistic about the company's future, citing improved margins and strategic acquisitions. Major brokerage firms like UBS, Jefferies, and JP Morgan have given positive ratings, further boosting investor confidence.

Mint

Zomato share price at a fresh record high, up nearly 193% from its 1-year low; is it still buy-worthy? Experts weigh in

Zomato shares rose over 5 per cent to ₹285.95, marking a new high on September 12. The stock has gained nearly 193 per cent from its 52-week low and delivered 274 per cent returns since its 2021 debut. Analysts attribute the surge to positive sentiment and strategic acquisitions.

Mint

Zomato share are up by 3.75%, Nifty up by 0.33%

Zomato Share Price Today : On the last trading day, Zomato opened at ₹276 and closed at ₹281.9. The stock reached a high of ₹283.5 and a low of ₹274.5 during the day.

The Economic Times

Zomato shares zoom 4% to fresh all-time high as UBS reaffirms buy rating

Zomato Share Price: Shares of Zomato surged 4% to a new high of Rs 283.60 after UBS maintained a buy rating with a target price of Rs 320. The growth optimism follows Zomato's acquisition of Paytm's ticketing business and positive outlooks from Jefferies and JP Morgan. The stock has risen 15.6% over six days.

CNBC TV18

Zomato shares hit all-time high even as analyst says firm trailed Swiggy in August order growth

UBS has given Zomato a buy rating with a target price of ₹320, implying a potential upside of 17.5% from the closing price of September 11.

The Economic Times

Hot Stocks: Brokerages on Nykaa, Zomato, Adani Ports and Cholamandalam Investment

Kotak Securities has downgraded Nykaa to "Sell" from "Add" and lowered the target price to Rs 190 from Rs 195. While Nykaa's portal excels in product discovery, Q-commerce portals are expanding their BPC product range. Nykaa needs to invest in faster delivery. Kotak Securities also reduced FY25-27 EBITDA estimates by 3-7% due to lower margins, leading to the downgrade amid a sharp stock price increase.

The Economic Times

Technical Breakout Stocks: How to trade Shoppers Stop, Bajaj Auto and Zomato on Thursday

The S&P BSE Sensex dropped by nearly 400 points, while the Nifty50 managed to stay above the 24,900 mark.

Mint

Zomato share are up by 2.77%, Nifty up by 0.15%

Zomato Share Price Today : On the last trading day, Zomato opened at ₹268.5 and closed at ₹275. The stock reached a high of ₹281.4 and a low of ₹268.05 during the day.

Business Standard

Zomato rallies 5% to hit record high; stock has zoomed 127% so far this yr

Last week, JP Morgan maintained an overweight rating on Zomato, with a target price of Rs 340 per share.

The Economic Times

Zomato shares gain 15%, remain unbeaten for 5 sessions

Zomato Share Price: Zomato shares surged 15.5% to a record high of Rs 280.60, driven by a Paytm deal, positive broker ratings, and strong earnings growth. Jefferies targets Rs 335, predicting significant delivery revenue growth.

Mint

Zomato share are down by -0.42%, Nifty up by 0.1%

Zomato Share Price Today : On the last trading day, Zomato opened at ?265.65 and closed at ?262.1. The stock reached a high of ?266.1 and a low of ?259.6 during the day.

The Economic Times

Swiggy plans to raise Rs 5,000 crore in upcoming IPO via fresh issue

Swiggy is planning to raise Rs 5,000 crore from its upcoming IPO, seeking shareholder approval at an EGM on October 3. The company reported a 36% growth in operating revenue and reduced net loss by 44% for the year ended March 31, 2024. Swiggy competes with Zomato in food delivery and quick commerce.

Mint

Zomato CEO Deepinder Goyal is not Gurugram's richest person. Check out who it is

Nirmal Kumar Minda, chairman of UNO Minda, is Gurugram's richest with ₹30,800 crore, surpassing Zomato CEO Deepinder Goyal, who has ₹9,300 crore. Minda is also the 91st richest person in India.

Mint

Stock market today: Trade setup for Nifty 50 to India VIX, five stocks to buy or sell on Monday — Sept 9

Regarding shares to buy today, stock market experts — Sumeet Bagadia, Executive Director at Choice Broking and Ganesh Dongre, Senior Manager of Technical Research at Anand Rathi — recommended these five shares: Inox Wind, Max Health, Sonata Software Ltd, Zomato, and MTAR Technologies Ltd.

Mint

Buy or sell: HUL, ITC & Zomato — Ganesh Dongre recommends three stocks for Monday

Buy or sell: Ganesh Dongre, Senior Manager - Technical Research at Anand Rathi believes that individual stocks within the Nifty continue to show signs of bullish sentiment, contributing to overall market optimism

Mint

New-Age Tech Stocks | CarTrade Tech biggest weekly gainer, Zomato up 6%; D-Street experts pick Paytm for short-term

New-Age Tech Stocks: CarTrade Tech emerged as the biggest weekly gainer among new-age stocks, rising eight per cent in the last five days, followed by Zomato and Mamaearth.