Zomato, Target & Stoploss

    Share price of Zomato  Share price of Zomato

    Frequently Asked Questions:

    Updated for 29 February 2024

    👉 What is the target of Zomato tomorrow? Target & Stoploss #
    Price:       Rs. 159.35
    Major Trend: Bullish Short-Term Trend: Bullish
    Trend for 29 February: On Thursday, the scrip expected to show weak opening.
    Target 1     Rs. 156 (On lower side)
    Target 2     Rs. 154 (On lower side)

    Stop loss    Rs. 162 (on higher side)

    # Analysis, Target and Stoploss are being provided by Paresh Gordhandas, CA & Research Analyst. The RA and his family members have Zomato, as long-term investment in their portfolios. None of them do any Trading, in this scrip.

    Price Target by leading fund houses:

    *JPMorgan maintains Zomato at ‘overweight’ with a price target of Rs.150.00
    An analyst from JPMorgan maintained Zomato (NS: ZOMT) at ‘overweight’ with a price target of Rs.150.00. (Dec 28, 2023 05:35)

    *ICICI Securities maintains Zomato at ‘buy’ with a price target of Rs.164.00
    An analyst from ICICI Securities maintained Zomato (NS: ZOMT) at ‘buy’ with a price target of Rs.164.00. Dec 26, 2023 22:42

    *Biryani is the most-ordered dish on Zomato in 2023: Report
    New Delhi, Dec 25 (IANS) Zomato (NS:ZOMT) users ordered biryani the most in 2023, the online food platform said on Monday. Dec 25, 2023 12:15

    *UBS maintains Zomato at ‘buy’ with a price target of Rs 150.00
    An analyst from UBS maintained Zomato (NS: ZOMT) at ‘buy’ with a price target of Rs.150.00.
    Dec 23, 2023 16:00

    *Zomato denies any offer to acquire logistics platform Shiprocket for $2 bn (Lead)
    Online food platform Zomato (NS:ZOMT) on Thursday said it has not made any offer to acquire homegrown logistics solution provider Shiprocket for nearly $2 billion. Dec 21, 2023 17:45

    *Jefferies maintains Zomato at ‘buy’ with a price target of Rs. 165.00
    An analyst from Jefferies maintained Zomato (NS: ZOMT) at ‘buy’ with a price target of Rs.165.00.

    *UBS maintains Zomato at ‘buy’ with a price target of Rs 150.00
    An analyst from UBS maintained Zomato (NS: ZOMT) at ‘buy’ with a price target of Rs. 150.00. Dec 21, 2023 10:30

    *CLSA maintains Zomato at ‘buy’ with a price target of Rs168.00
    An analyst from CLSA maintained Zomato (NS: ZOMT) at ‘buy’ with a price target of Rs.168.00.
    Dec 07, 2023 09:34

    *HSBC maintains Zomato at ‘buy’ with a price target of Rs.140.00
    An analyst from HSBC maintained Zomato (NS: ZOMT) at ‘buy’ with a price target of Rs.140.00.
    Dec 05, 2023 09:38

    *UBS maintains Zomato at ‘buy’ with a price target of Rs. 150.00
    An analyst from UBS maintained Zomato (NS: ZOMT) at ‘buy’ with a price target of Rs.150.00
    Nov 30, 2023 12:42

    *Zomato shares rise amid Citi’s buy recommendation with Rs 145 target
    Zomato (NS:ZOMT)’s stock demonstrated resilience today, with a modest uptick to Rs 117.30, following a buy recommendation from Citi setting a target price of Rs 145. Nov 30, 2023 06:55

    *Kotak maintains Zomato at ‘buy’ with a price target of Rs.130.00
    An analyst from Kotak maintained Zomato (NS: ZOMT) at ‘buy’ ‘buy’ with a price target of Rs.130.00.
    Nov 30, 2023 04:10

    *Morgan Stanley bullish on Zomato with Rs.140 price target
    Morgan Stanley (NYSE:MS) has reiterated its confidence in the Indian food delivery company Zomato (NS:ZOMT), maintaining an “Overweight” rating and setting a price target of Rs.140. Nov 24, 2023

    About Zomato:
    Launched in 2010, Zomato, technology platform connects customers, restaurant partners and delivery partners, serving their multiple needs. Customers use its platform to search and discover restaurants, read and write customer generated reviews and view and upload photos, order food delivery, book a table and make payments while dining-out at restaurants. On the other hand, it provides restaurant partners with industry-specific marketing tools which enable them to engage and acquire customers to grow their business while also providing a reliable and efficient last mile delivery service. Zomato also operates a one-stop procurement solution, Hyperpure, which supplies high quality ingredients and kitchen products to restaurant partners. It also provides its delivery partners with transparent and flexible earning opportunities.
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    Share price of Zomato

    Zomato share price

    Zomato order delivery

    What are the benefits of Zomato order and Zomato delivery?

    Zomato is a restaurant discovery platform that allows users to search for restaurants, browse menus, and place orders for food delivery.

    Zomato is an online restaurant guide and food ordering platform that allows users to order meals from restaurants and have them delivered. The start offers a search app that provides detailed information about restaurants which enables consumers to discover, rate, and review restaurants, as well as create their own personal network of foodies fortrusted recommendations. Zomato connects over 55 million users to restaurants in 24 countries. It is backed by investors such as Tiger Global, Temasek, Baillie Gifford, Kora, Luxor, Fidelity (FMR), D1 Capital, Baillie Gifford, Mirae, Steadview, and Ant Financial.

    So, you need not dress up and go to the restaurant or hotel in highly pollutted atmosphere amidst traffic cogestion. You can enjoy the meals in the cozy corner of your home, sitting across the television set enjoying your favourite OTT programme.

    How to order on Zomato?

    The process is very simple. Just go to Google Playstore in your mobile phone and download Zomato app. Register your number, your name and address. Search about your favourite food and then select the restaurant you want to order. Select payment mode!

    How to order on Zomato?

    5 Comments on “Zomato, Target & Stoploss

    1. Anand Ramesh Soni

      I have buyed zomato share at price 123.60rs for short-term. I have to sell zomato share at price 131.00 . Please sir tell me, on which day zomato share price will reach at 131.00 rs ?????????????

    2. Shefali Pankaj Mumbai

      The scrip steadily moved to Rs. 120 and now hovering around Rs. 120 to 125. What should I do? Book partial profits or hold?

    3. Manisha Shah, Mumbai

      Sir, you have been consistently recommending this scrip and at one time, I had serious doubts about this recommendation. However now I can see most of the fund houses suggest target price of Rs. 145 to 180.
      You have been the first one to identify the potential of this company.

    4. Pallav Mehta, Mumbai

      Hearty congratulations on your efforts and thanks for offering expert guidance.

      I have accumulated 10000 Zomato at average price of Rs. 55 and at current price of Rs 123, my portfolio has gained about Rs. 680,000. for how long should I hold this scrip?

    Comments are closed.