Why brokerages are bullish on Zomato post Q2
Zomato continues to remain one of the preferred stocks among new age companies, say brokerages.
Zomato continues to remain one of the preferred stocks among new age companies, say brokerages.
Segment-wise, the company’s food ordering and delivery business grew 30% from ₹1,546 crore to ₹2,012 crore, while the Hyperpure B2B business nearly doubled its revenue from ₹745 crore to ₹1,473 crore.
The highest-selling by mutual funds was observed in HDFC Bank, RIL, Apollo Hospitals and Infosys shares.
Market lauds new-age firms’ role in the country’s digital transformation, boosting promoter wealth.
Zomato shuts down 'Legends' after two years of trying and not finding a product market fit, says Deepinder Goyal.
Acquisition of Paytm's movie and events ticketing business will allow Zomato to expand in 'going-out' segment, while Paytm to shift focus on core financial services
As part of the deal, Paytm will transfer its ticketing businesses, TicketNew and Insider, along with 280 existing employees, to Zomato.
As many as 20.14 crore shares, representing around 2.2% stake in the restaurant aggregator, were sold in the block deal at a floor price of ₹258 apiece.
Zomato’s quick commerce unit Blinkit plans to increase its stores to 2,000 by the end of 2026.
Share surges as food-tech company reportedly raises platform fee to ₹6 per order in metro cities; Zomato rival Swiggy also follows suit