Zomato Ltd. shares have been a hot topic among investors, now as the company has reported its first-ever consolidated net profit during the June quarter the interest is all the more increased.
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The food delivery giant’s net profits stood at ₹2 crore for the June quarter, a significant turnaround from a loss of ₹186 crore in the same quarter last year. The company’s revenue from operations also saw a substantial increase, going up 71% to ₹2,416 crore, compared to ₹1,414 crore in the year-ago period.
The Investment: If you were to invest ₹10,000 in Zomato today, with the stock price at ₹96, you would own approximately 104 shares of the company. Now, if the stock were to reach its all-time high of ₹169, your investment would be worth approximately ₹17,576, a significant increase from your initial investment.
The Risk: However, investing in stocks is not without risks, and Zomato is no exception. Zomato’s journey on the stock market has been marked by unpredictability and volatility. While the recent performance and analyst ratings of Zomato appear promising, it is important to recognise that there is no assurance that the stock will reach its previous all-time high.
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Investing in the stock market requires careful consideration and thorough research.
Latest Analyst Calls
| Analyst | Rating | Price Target |
|---|---|---|
| Jefferies | Buy | ₹130 |
| HSBC | Buy | ₹102 |
| UBS | Buy | ₹90 |
| JP Morgan | Overweight | ₹100 |
| Nomura | Reduce | ₹60 |
Price Action: Zomato share price was up 10.86% to trade at ₹95.95 in the late hours of trading on Friday.
