Tiger Global trims stake in Zomato after Uber’s exit; stock edges higher
Tiger Global sold 18 crore shares of Zomato after the one-year lock-in period ended last month; shareholding in the company reduced to 2.77%.
zomato
August 2022
July 2022
June 2022
Zomato share dives 10% on Uber stake sale report
Uber plans to sell its entire 7.8% shares in Zomato at ₹48-₹54 apiece, a discount of 2.8-13.6% to Tuesday’s closing price of ₹55.60 on the BSE.
Zomato shares jump 9% as Q1 loss narrows
Zomato share price currently trades 70% lower than its life-time high of ₹169.10 touched in November last year
Zomato Q1 net loss narrows to ₹186 cr, revenue jumps 67%
Zomato saw its food delivery business reach adjusted EBITDA break-even during the June quarter, continues to aim for revenue growth along with reducing losses.
Aswath Damodaran values Zomato at ₹35 per share
Zomato's ₹4,447 cr acquisition of quick commerce startup Blinkit raises questions about whether this growth is coming at a reasonable cost, says NYU professor.
Zomato stock rises 4.3% after falling 21% in 2 days; here’s why
Foodtech company Zomato Ltd approves allotment of 4.6 cr shares to employees at ₹1 apiece; Jefferies says ‘great case’ to buy
Zomato cracks 12% to all-time low, Jefferies says 'great case' to buy
Jefferies has a 'buy' rating on Zomato with a target price of ₹100.
Zomato shares tank 11%; here’s why
Zomato stock has been highly volatile today with an intraday volatility of 9.53%; the share has fallen 26.88% in the past month
Zomato share halts four-session losing streak; rises 4%
Zomato share price has fallen 25% in the four sessions starting Monday after it announced the acquisition of instant grocery delivery firm Blinkit.
What's behind Zomato’s Blinkit acquisition?
Revenue growth in food delivery is tapering out. How do you continue growing? Quick commerce opens up a new market as the grocery market is much larger than the food delivery market, says an analyst
