Zomato share price target 2024: Stock jumps 3% ahead of Q4FY20 results; time to buy?


Updated May 11, 2024 | 04:22 PM IST

zomato 3

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Zomato share price target 2024.

zomato share price target 2024: Food Tech Company zomato is all set to declare its financial results for the quarter and year ending March 31, 2024 on Monday, May 13, 2024.

In a BSE exchange filing dated May 07, 2024, the company informed of the upcoming board meeting to consider and approve the financial results (standalone and consolidated) of the company for the quarter and financial year ending March 31, 2024.

Ahead of important financial statements, what should investors do about Zomato stock? Should they keep, sell or buy?

zomato share price target 2024

Kotak Institutional Equities in its May 10 report has given a 'buy' rating to Zomato at a CMP of Rs 195. It sets the target price at Rs 230 with an upside of 18%.

zomato share price today

The current market price of Zomato stock on BSE is Rs 201.40. The stock saw a rise of 3.12% during the session on Friday, May 10, from the previous day's closing of Rs 195.30. The stock opened at Rs 196.05, hit a high of Rs 205 and a low of Rs 189.75.

zomato market cap

According to BSE Analytics, the market cap of Zomato is Rs 1.20 lakh crore. The 52-week move of the stock indicates high of Rs 205 and low of Rs 61.61.

The face value of the stock is Rs 1.

Zomato's Q-Commerce Blinkit

If we look at the latest report of Goldman Sachs, in terms of valuation, Zomato's Q-commerce Blinkit has left its parent company behind. Zomato acquired Blinkit in 2022 at a cost of $568 million (approximately Rs 4,745 crore). According to the investment giant, Blinkit's valuation has reached around $13 billion (Rs 10,861 crore).

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(Disclaimer: The above article is for informational purposes only, and should not be construed as any investment advice. ET Now Digital suggests its readers/viewers to consult their financial advisors before taking any money related decisions.) Is.)

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