Zomato shares fall 5% following Jefferies downgrade, target price ...
2 days ago · Zomato share price: Shares of Zomato fell by 4.8% following Jefferies' downgrade of the stock from 'buy' to 'hold' and a 18% cut in the target price. Concerns over intensifying competition in the quick commerce segment and the impact on profitability were cited. Earnings estimates for Blinkit and overall EBITDA projections have been significantly reduced.
Zomato stock plunges 5% after Jefferies downgrade to 'hold' as …
2 days ago · After Zomato’s shares more than doubled in value in 2024, analysts at Jefferies predict that 2025 could be a breather year, with the stock likely shifting gears into a phase of price consolidation.
Zomato News: Zomato latest news and recent zomato updates
In today's trade, shares of RIL, NTPC Green, IndusInd Bank, Zomato and Vedanta will be in focus due to various news developments. Zomato shares are in focus on Monday as the food delivery giant becomes the first new-age tech company to join the BSE Sensex’s 30-share frontline index.
Zomato shares drop 10% in a week. Is the worst over?
1 day ago · In summary, Zomato shares are at a crucial juncture where a ‘wait and watch’ approach is likely to help traders avoid getting into any incorrect entries in the stock. Zomato shares were trading 2.9% lower at Rs 245.20 on the BSE around 1:15 pm today. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are ...
Zomato shares in 'bear' grip with 20% fall from peak; stock nears …
1 day ago · Home / Markets / News / Zomato shares in 'bear' grip with 20% fall from peak; stock nears 200-DMA. Zomato shares in 'bear' grip with 20% fall from peak; stock nears 200-DMA Zomato share: Including today's decline, Zomato shares have tumbled 14.2 per cent over the past four sessions. The stock has cracked 19.7 per cent from its 52-week high ...
Is Zomato’s dream stock market run over? - India Today
2 days ago · News Business Is Zomato’s dream stock market run over? Is Zomato's dream stock market run over? Zomato's share price has declined over 9% in the past 5 trading sessions and over 14% in a month. At around 12:05 pm, shares of the company were trading 4.38% lower at Rs 253.05. Listen to Story.
Zomato shares fall 5% as Quick Commerce concerns prompt
2 days ago · Food delivery aggregator and Quick Commerce service provider Zomato Ltd. has been downgraded by Jefferies to "hold" from its earlier rating of "buy" and also cut its price target. Jefferies has cut its price target on Zomato to ₹275 from ₹335 earlier, an 18% cut. The revised price target is nearly at par with Zomato's closing price on Monday.
Zomato enters 15-minute delivery race, taking on Swiggy Bolt, …
1 day ago · Zomato’s move into 15-minute delivery marks its entry into a fiercely competitive space, where rapid delivery times are becoming a key differentiator. This comes shortly after the launch of Zomato’s quick commerce unit, Blinkit, which is set to introduce 'Bistro' - a service promising to deliver healthy juices, snacks, and meals within minutes.
Zomato’s losing steam and the Blinkit drag | Stock Market News
1 day ago · Zomato's remarkable growth trajectory is now at a crossroads as it battles profitability issues and fierce competition. With Blinkit becoming a significant part of its revenue, the pressure to ...
Zomato News: Zomato Latest News, Zomato Today news, Zomato …
Dec 19, 2024 · Zomato News: Check here latest news and updates about Zomato in India. Read top headlines and breaking news today in India about Zomato on financialexpress.com.
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