Zomato Share Price Overview
Detail | Current Value |
Latest Price | ₹252.34 (as of Oct 15, 2024) |
52-Week Range | ₹96.50 – ₹280.90 |
Market Cap | ₹68,000 Crores |
P/E Ratio | 155.41 |
Dividend Yield | Nil |
Symbol | ZOMT (NSE) |
Zomato trades on the National Stock Exchange (NSE) under the symbol ZOMT. The stock has demonstrated strong volatility, driven by market sentiment around food-tech innovations and quarterly financial results.
Recent Stock Performance and Trends
The stock has seen considerable movement recently, peaking at ₹280.90 within the last 52 weeks, reflecting growing investor confidence. However, it is important to monitor trends since Zomato operates in a high-growth but competitive sector, subject to changes in consumer behavior and operational challenges.
Key factors influencing the stock include:
Revenue Growth: 40.6% YoY revenue growth in recent quarters.
Profit Trends: Positive turnaround with ₹470 Cr net profit in June 2024, showing improvement after multiple years of operating losses
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Debt-Free Status: Zomato holds zero debt, which gives it financial flexibility
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Financial Summary
Quarter | Revenue (₹ Cr) | Profit (₹ Cr) | EPS (₹) |
June 2023 | 1,420 | 276 | 0.33 |
Sep 2023 | 1,596 | 315 | 0.37 |
Dec 2023 | 1,782 | 384 | 0.45 |
Mar 2024 | 1,824 | 396 | 0.46 |
June 2024 | 2,048 | 470 | 0.54 |
This upward trend in earnings indicates improved operational efficiency and better margins in the food delivery segment.
Is Zomato a Good Buy?
Zomato’s recent profitability and zero-debt status make it attractive to investors. However, the high P/E ratio of 155.41 signals that the stock is relatively overvalued compared to industry peers, which could pose risks in case of market corrections
Finology Ticker
. Analysts suggest keeping an eye on quarterly earnings reports and sector developments before making any significant investment.
Conclusion and Investment Tips
Zomato’s share price reflects both growth potential and market risks. With improving financial performance but a high valuation, it is essential for investors to monitor short-term trends and assess market conditions. Those looking to invest should diversify and consider entry points carefully.
FAQs
What is the Zomato stock symbol?Zomato trades under the symbol ZOMT on the NSE.
What is the 52-week high for Zomato stock?The 52-week high is ₹280.90.
Does Zomato pay dividends?Currently, Zomato does not offer any dividends.
How has Zomato performed financially?Zomato turned profitable in recent quarters, with ₹470 Cr net profit reported in June 2024.
What are the risks of investing in Zomato?The high valuation and competitive food-tech space present risks, so investors should tread carefully.
For real-time updates on Zomato’s stock price and detailed financial data, visit sources like Investing.com or TickerTape.
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