Fri, Apr 26, 2024
Blinkit's valuation is higher than Zomato - Why does Goldman Sachs like Blinkit? What is Goldman Sachs' target on Zomato? Big growth expected in Blinkit? Is re-rating of Zomato possible - know complete details in this video..
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Mon, Apr 22, 2024
How much did Zomato increase the platform fees? When did Zomato increase the platform fees? Zomato increased the fees, how much benefit?
Zomato has increased its platform fee by 25% to Rs 5 per order. This is the fourth fee increase since the company introduced it in August 2023. Analysts believe the hike will help offset the impact of GST on delivery charges. Zomato's stock price has been rising on the back of rising profitability and growth in its Blinkit business.
Thu, Dec 28, 2023
Zomato shares fell 2% on Dec 28 following a Rs 402 crore show-cause notice from GST authorities regarding alleged unpaid taxes on delivery charges. The company claims it's not liable, citing delivery partners as service providers. Zomato plans to contest the notice but acknowledges the substantial amount in question, over 10 times its recent quarterly profit.
At 9:47 am, Zomato shares recovered some of their intraday losses to trade 1.9 per cent weaker for the day at Rs 124.7 apiece on the bourse.
Mon, Dec 25, 2023
In 2023, India ordered 2.5 biryanis per second. According to the food delivery platform, one veg biryani was requested for every 5.5 chicken biryanis.
Fri, Dec 22, 2023
Zomato clarifies it has no plans for a $2 billion acquisition of Shiprocket, responding to recent media reports. The denial led to a rise in Zomato's share price on Friday, reaching close to its 52-week high. While Jefferies maintains a "buy" rating with a Rs 165 target, they consider the acquisition unlikely due to Zomato's current focus on its core business and Quick Commerce operations.
Zomato news today: Shares of Zomato on Friday edged higher on D-Street after the food-services aggregator denied news report circulating in the mainstream media regarding Zomato offering to acquire Shiprocket for $2 billion through a regulatory filing on the exchanges.
Thu, Dec 21, 2023
Zomato, in the same month, completed the acquisition of quick commerce company Blinkit (formerly Grofers) and its warehousing and auxiliary services business. Zomato's board approved the Rs 4,447 crore transaction to acquire Blinkit.
Wed, Dec 20, 2023
Stock market news, stocks in news: Among other notable names, individually, One 97 Communications, the parent company of Paytm, has gained over 18 per cent, FSN E-Commerce Ventures, the parent company of Nykaa, has gained over 12 per cent and Delhivery has risen over 13 per cent.
Thu, Dec 14, 2023
Zomato has unveiled a first-of-its-kind program to equip the delivery partner fleet with crucial lifesaving skills.
Mon, Dec 11, 2023
The firm as of September end held 3.44 per cent stake or 29,60,73,993 equity shares in Zomato.
Fri, Dec 08, 2023
Zomato block deal: At around 12:30 p.m., shares of Zomato traded 0.82 per cent lower on the BSE at Rs 120.8 apiece. The market capitalisation of the company stood at Rs 1,05,227.86 crore at around the same time.
Tue, Dec 05, 2023
Zomato share price: Earlier, another brokerage, Morgan Stanley, also maintained an 'overweight' stance and placed the target of Rs 140 per share on the counter.
Thu, Nov 30, 2023
Meanwhile, the market will also see an outflow of funds due to a reduction in the weight of Reliance Industries, ICICI Bank, and Infosys.
The stock closed up 2.5 per cent at 116 rupees, nearly on par with the listing price during its market debut.
Zomato share price NSE, Zomato block deal news: Chinese third-party mobile and online payment platform Alipay offloaded its entire stake in food delivery giant Zomato in a block deal on Wednesday.
Wed, Nov 29, 2023
The Indian stock market marked a new feat in Wednesday’s session as the market capitalisation of the BSE-listed companies crossed the $4 trillion mark
Established in 2004 by Alibaba Group and its founder Jack Ma, Alipay is a third-party mobile and online payment interface that aims to amass US$ 395 million.
Fri, Nov 24, 2023
Zomato share price: The Morgan Stanley AlphaWise survey carries out proprietary evidence research to validate investment theses on behalf of Morgan Stanley analysts.
Mon, Nov 06, 2023
Both headline indices ended around one per cent stronger, with the Nifty gaining 181.2 points to 19,411.8 and the Sensex rising 594.9 points to settle at 64,958.7.
Zomato shares hit a fresh 52-week high on Monday, November 6, after CLSA upgraded the food aggregator and delivery company to outperform from buy rating. The brokerage cited acceleration in gross order value (GOV) and improvement in profitability as reasons for the upgrade. Zomato reported Rs 36 crore as net profit in Q2 FY24, against Rs 251 crore loss in Q2 FY23. GOV grew 20% YoY in food delivery and 86% in quick commerce in Q2 FY24. Monthly transacting customers (MTC) and use frequency also increased.
Zomato share price NSE: Zomato shares rallied over six per cent to clock a fresh 52-week high of Rs 123.9 apiece on the NSE on Monday, November 6, after CLSA upgraded the food aggregator and delivery company to outperform from a 'buy' rating.
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