Zomato stock price is seeing positive momentum as of today. The share price stands at ₹252.34, with minor fluctuations during the day ranging between ₹248.51 and ₹256.35. Zomato has shown impressive growth over the past year, with the stock surging over 160% during this period and 105% year-to-date. This growth has been driven by multiple factors, including strong financial performance and investor confidence.
One of the key contributors to Zomato recent rise is the company’s expansion into quick commerce through its acquisition of Blinkit. This segment has experienced a significant 145% year-on-year growth, with revenues reaching ₹942 crore. The company’s overall gross order value (GOV) across its segments grew 53% year-on-year, contributing to a robust financial outlook. Zomato’s consolidated net profit for the June quarter stood at ₹253 crore.
Additionally, JPMorgan recently upgraded Zomato target price to ₹340, reflecting optimism about future revenue growth. The brokerage firm expects Zomato revenues to grow by 15-41% between 2025 and 2027. This positive forecast has attracted further interest from investors, especially as Zomato continues to diversify its business through strategic acquisitions and innovations.
Zomato’s strong fundamentals, including a solid cash position and rising market cap, make it a stock to watch, although market fluctuations are expected in the short term.
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