Zomato Share Price Target 2024: Zomato’s share price jumped by more than 5% in a single trading session, according to the most recent report. It reached an astounding 52-week high of Rs 151.45 on the Bombay Stock Exchange (BSE) and Rs 151.40 on the National Stock Exchange (NSE).
Zomato Q3: 2024 Results
Zomato Ltd. has experienced steady success in its primary business and rapid expansion in quick commerce. said on Thursday that its third quarter concluded on December 31, 2023, yielding a consolidated net profit of Rs 138 crore. In the same quarter of the previous fiscal year, Zomato Ltd. reported a consolidated net loss of Rs 347 crore, according to a regulatory filing. There was Rs 3,288 crore in total revenue from operations. It stated that it was at Rs 1,948 crore during the same time last year.
Zomato Share Price Today News NSE BSE: Riding the Green Wave
As of the latest update, Zomato’s shares are trading in the green, quoting at Rs 146.30 a share on the NSE, reflecting a 1.53 per cent increase. Impressively, the upward trend has persisted for the last three days, resulting in a remarkable 3.54 per cent increase in returns during this short period. Zomato’s consistent positive performance is not just a trend but a testament to its robust business strategies.
Zomato Share Price History:
Zomato has been a success story for investors looking for significant profits. The share price has produced multibagger gains over the past 365 days, registering an incredible 169.30 percent. Due to this extraordinary performance and the strong data that is accessible on BSE Analytics, investors have made enormous profits. Zomato’s share price history tells a story of wealth development and value appreciation in addition to being a record.
Strong quarterly results and positive analyst assessments seem to support Zomato’s bullish share price projection for 2024. The fact that analysts from Jefferies, Morgan Stanley, HSBC, and Bernstein all unanimously advise a “BUY” highlights the optimism that investors have for Zomato’s prospects.
(Disclaimer: Nothing in this post should be interpreted as investment advice; it is merely intended for informative reasons. It is recommended by Times Now Digital that before making any financial decisions, its viewers and readers speak with their financial experts.)