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Food safety department finds multiple health violations after it raids Zomato-owned Blinkit warehouse in Hyderabad

In the process of growing, firms like Blinkit do not have basic hygiene checks in place, as per the food safety department.

Zomato stock drops 5% as Macquarie sees nearly 50% downside due to fierce competition

Macquarie cautioned that rising competitive intensity in the quick commerce segment, especially with the entry of Jio Mart's 30-min grocery delivery, may hurt Blinkit, Zomato's quick commerce arm.

Summer scorcher: Delivery platforms talk of cold drinks, fans; workers say even water is a luxury

While e-commerce and quick commerce companies say they are offering cold drinks, have set up rest points and have medical help at hand, delivery persons doing the rounds in this sweltering heat tell a different story

Buy Zomato; target of Rs 300: ICICI Securities

ICICI Securities is bullish on Zomato has recommended buy rating on the stock with a target price of Rs 300 in its research report dated May 14, 2024.

Buy Zomato; target of Rs 230: Emkay

Emkay is bullish on Zomato has recommended buy rating on the stock with a target price of Rs 230 in its research report dated May 14, 2024.

Buy Zomato; target of Rs 220: Geojit Financial Services

Geojit Financial Services is bullish on Zomato has recommended buy rating on the stock with a target price of Rs 220 in its research report dated May 16, 2024.

Zomato's in-line Q4 results prompt multiple target price hikes; 26% upside seen

Zomato’s path to profitability could be quicker than anticipated with improving contribution margins, according to Nuvama. Brokerages see up to 26 percent upside in the stock from the previous close.

Zomato seeks shareholder approval for ESOP plan of 18.2 cr shares worth over Rs 3,500 cr

Zomato’s ESOP cost almost doubled to Rs 161 crore in the March quarter, compared to Rs 84 crore in the year-ago period.

Chartist talks: REC, PFC look overbought, but no sign of trend reversal for Zomato, says Ashish Kyal

For the coming week, one can use a pullback on the Nifty to sell weekly Call options for a strike of 23,050, as it will not be easy for the index to break above 23,000 unless strong momentum is witnessed across the sector, says Ashish Kyal.

ICICI Securities is bullish on Zomato has recommended buy rating on the stock with a target price of Rs 300 in its research report dated April 26, 2024.

Zomato Ltd. engages in the business of operating as an internet portal. It operates through the following segments: India Food Ordering and Delivery; Hyperpure Supplies; Quick Commerce Business; and All Other. The company was founded by Pankaj Chaddah, Gunjan Patidar, Mohit Gupta, Deepinder Goyal, and Gaurav Gupta in 2008 and is headquartered in Gurgaon, India.

Volume	35.69M
52-Wk High	232.00
52-Wk Low	81.60

ZOMATO.NSE Zomato Ltd.

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