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Zomato Share Price Target: Shares of food delivery platform Zomato fell on Friday. On Friday, Zomato's stock closed at Rs 272.90 on BSE , up Rs 11 or 3.87 percent. In the last 5 sessions, it has gone up by 6.12 percent. While in a week, it has risen by 5.12 percent. Zomato's stock has the potential to go up a lot. A brokerage firm has advised to buy Zomato shares.
What is Zomato's target (Zomato Share Price Target)
Axis Securities has recommended buying Zomato Limited with a target price of Rs 325. While the current price of Zomato's stock is Rs 272.90. That is, it can give a return of 19 percent from the current level.
How were the quarterly results?
For the quarter ended June, Zomato reported a total income of Rs 4442 crore, which was 16.99% higher than the total income of Rs 3797 crore in the previous quarter. At the same time, this was 71.04% higher than the total income of Rs 2597.00 crore in the same quarter last year. The company's profit in the June quarter was Rs 253 crore.
How much did the stock rise in 6 months
Zomato's stock has gained 78.66 percent in the last 6 months. It has gained 119.2 percent so far in 2024 and 174.4 percent in one year.
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