Zomato Shares jumps by 2.75%, shares up 59% in 6 months, will it give more returns in future?

Zomato Shares: Zomato Shares Price on NSE/BSE

Zomato shares saw a fall up to 6% on Tuesday and closed at Rs 187.30. But Zomato stock has shown good performance in Q4 results as its revenue has increased by 13%. Tuesday’s fall was the last fall after Q4 earnings, but today Zomato shares have performed well. The shares started the day at Rs 188.80 and currently the shares are trading at Rs 192.35. Till now there has been an increase of 2.67%. In the last 6 months, Zomato shares have given returns of up to 59% which is a very good performance and it is expected to give more returns to its investors in the same manner.

Zomato shares started the day at Rs 188.80 and touched an intraday high of Rs 193.20 and touched an intraday low of Rs 183.15. The market capitalization of Zomato stock is 1.68LCr. Its 52-week high is 207.20 and 52-week low is 183.15. Currently Zomato is providing no dividend yield but it is providing sector dividend yield of 0.23%.

The company’s PE ratio is at 483.35 and sector PE ratio is at 69.02 and on the other hand PB ratio is 8.72 on the other hand Zomato share sector PB ratio is 11.43. Zomato Limited is an Indian based service provider company which provides food related information such as menus, discount offers on food, quality of service and food and contacts through an internet portal or also provides delivery services.

Zomato Shares Q4 Results of FY24 highlights

• Zomato, which is a food delivery service provider platform, on Monday declared the result of net profit of Rs 175 crore for the quarter ended March 31, 2024 against last year’s profit of Rs 188 crore.
• The company’s revenue from operations is Rs 3,562 crore in the quarter which was Rs 2,056 crore in the last financial year.
• India’s food ordering and delivery provided business company Zomato has reported revenue of Rs 1,739 crore in Q4FY24 compared to Rs 1,172 crore reported last year.
• The EBITDA of the company was Rs 194 crore last year, which after improvement has increased to Rs 369 crore.

Peer comparison of Zomato Stock

This peer comparison is between Zomato Stock and its other competitive service provider sectors and stocks. In this we can see the performance of Zomato and other service provider stocks based on its last year performance, its PE ratio and experts’ view on stocks. Before making any financial investment consult with your financial expert.

Financial History of Zomato Shares

Zomato shares listed on both National Stock Exchange (NSE) and BSE (Bombay stock Exchange). If we see financial growth history of Zomato stock, it has grown with the return rate of 52.86% in the last 5 years and it has grown with the return rate of 202.43% in the last 1 year. In the last 6 months, Zomato Ltd stock has shown return rate of 59.96% to its shareholders and now if we check its performance in this Financial Year 24, it has performed well in the last 1 month and has given return rate of 3.19%.

Zomato shares have shown good performance in the last 5 years, its revenue growth rate was very good. In the last 5 years, Zomato shares revenue growth has been increase than industry growth. The industry revenue growth rate was 25.89% and Zomato revenue growth rate was 73.97% and Zomato market share has also increased from 6.12% to 30.1%.

About Zomato Limited

Zomato Limited is an Indian based service provider company which provides food related information such as menus, discount offers on food, quality of service and food and contacts through an internet portal or also provides delivery services. Zomato Limited was launched in 2010. The main goal of Zomato Limited is to connect customers, restaurant partners or delivery partners through service provider technology platform and fulfil their needs. Through the platform, customers research and discover restaurants, write reviews, upload photos, order food delivery, book tables, etc.

Zomato Share Price Target for 2024

Share price target also keeps changing according to the market trend. Zomato shares have performed well in the last 6 months. If the market turns bullish then there are chances of the share price target going up in the future also.

Share price target of Zomato for 2024 could be predicted as Rs 290.00. This is not a fixed price, it keeps changing according to the market trend.

Zomato Share Price Target for 2025

Share price target of Zomato for 2024 could be predicted as Rs 385.00.

Zomato Share Price Target for 2026

Share price target of Zomato for 2024 could be predicted as 470.00. This share price target  could be goes up or decline from the predicted estimation.

Zomato Share Price Target for 2030

Share price target of Zomato for 2024 could be predicted as 915.00. Consult with your financial expert before making any investment.

Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.

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