|
18 Sep 2025 |
Eternal
|
Consensus Share Price Target
|
337.85 |
325.55 |
- |
-3.64 |
buy
|
|
|
|
|
17 Feb 2023
|
Eternal
|
Geojit BNP Paribas
|
337.85
|
60.00
|
51.80
(552.22%)
|
Target met |
Buy
|
|
|
|
|
10 Feb 2023
|
Eternal
|
ICICI Securities Limited
|
337.85
|
65.00
|
53.30
(533.86%)
|
Target met |
Buy
|
|
|
We note Zomato’s focus shifting to increasing its power users vs penetration-led gains in food delivery. This, we think augurs well for profitable growth. Company has exited 225 cities, which contributed 0.3% of GOV in Q3FY23, which in our view indicates disenchantment with a long tail of sub-scale operations.
|
|
11 Nov 2022
|
Eternal
|
ICICI Securities Limited
|
337.85
|
65.00
|
63.95
(428.30%)
|
Target met |
Hold
|
|
|
Food delivery GOV growth slows as contribution margin improves. Zomato’s food delivery gross order value grew 3.1% QoQ and 22.6% YoY in Q2FY23.
|
|
17 Oct 2022
|
Eternal
|
ICICI Securities Limited
|
337.85
|
65.00
|
61.90
(445.80%)
|
Target met |
Hold
|
|
|
We reinitiate coverage on Zomato with a HOLD rating and target price of Rs65.
|
|
11 Aug 2022
|
Eternal
|
Geojit BNP Paribas
|
337.85
|
69.00
|
61.75
(447.13%)
|
Target met |
Buy
|
|
|
|
|
07 Jun 2022
|
Eternal
|
Geojit BNP Paribas
|
337.85
|
84.00
|
69.00
(389.64%)
|
|
Buy
|
|
|
|
|
23 Mar 2022
|
Eternal
|
Geojit BNP Paribas
|
337.85
|
105.00
|
80.60
(319.17%)
|
|
Buy
|
|
|
Zomato's stock has seen drastic correction owing to macro-economic factors and global volatility. Keeping in view the growth prospects, we feel the stock is available at significant discount and reiterate our BUY rating with a revised target price of Rs. 105 based on 15x FY23E P/Sales....
|
|
17 Nov 2021
|
Eternal
|
Geojit BNP Paribas
|
337.85
|
183.00
|
154.70
(118.39%)
|
|
Buy
|
|
|
The mainstay food ordering and delivery business is expected to drive shareholder value creation going forward. The management believes that the food delivery market in India is still nascent, and there is an opportunity to grow the market at least 10x over the next few years. Maintaining a positive outlook, we reiterate our BUY rating on the stock with a target price of Rs. 183 based on 23x FY23E P/Sales. Setting new highs for online food delivery In Q2FY22, as the COVID-19 situation improved significantly in India, overall revenue...
|
|
20 Oct 2021
|
Eternal
|
Geojit BNP Paribas
|
337.85
|
170.00
|
137.75
(145.26%)
|
|
Buy
|
|
|
We hereby initiate our coverage on this stock and assign a BUY rating on the stock with a target price of Rs. 170 based on 25x FY23E P/Sales. Market leader in the food aggregator space in India As a first mover into online food delivery, Zomato has been at the forefront of the race and has managed to maintain a leadership position in the domestic market. Backed by analytics driven and user-friendly technology and operating primarily through its app, the company has witnessed robust engagement with its customer base as well as its network of partner restaurants, which has thereby translated to a steady rise in orders...
|
|
13 Jul 2021
|
Eternal
|
HDFC Securities
|
337.85
|
|
|
|
IPO Note
|
|
|
Zomato Limited IPO Note Issue Open: July 14 July 16 2021 Price Band: Rs. 72 76 *Issue Size: 1,233,552,632 eq shares (Fresh Issue of 9000 cr + Offer for sale of 375 cr) Issue Size: Rs.9375.0 cr Reservation for: QIB atleast 75% eq sh Non Institutional Upto 15% eq sh Retail Upto 10% eq sh
|