Monday’s trading saw a 6.19 percent increase in Zomato Ltd. shares, which reached a new one-year high of Rs 158.70. After a year of steep increases, the multibagger stock has gained over 200 percent. Zomato shares, The online food aggregator posted a consolidated net profit of Rs 138 crore for the third quarter of FY24,…
Read More “Zomato shares increase, rising 6% to reach a new one-year high” »
Zomato Ltd.’s shares jumped during Friday’s trading session to reach a new 52-week high of Rs 151.45 following the company’s announcement of better-than-expected results for the December 2023 quarter. Following the announcement of its results, which were made available after market hours on Thursday, brokerage firms are largely optimistic. Zomato’s net profit for the December…
Read More “Zomato shares rise 5% to reach a 52-week high; brokers predict a 67% increase.” »
Zomato reportedly made an approach to acquire B2B logistics start-up Shiprocket, but Jefferies believes the deal is “unlikely.” The firm forecasts a 32% price upside and has a buy call on the stock. According to a report by Bloomberg, Zomato has made an offer to buy Bigfoot Retail Solutions, an Indian e-commerce logistics start-up better…
Read More “Zomato may not acquire Shiprocket; deal may weaken shares.” »
