By Aditya Raghunath Investing.com -- Online food delivery player and restaurant aggregator Zomato Ltd (BO:ZOMT) has divided investors sharply. It is a loss-making company but the company had...
The stock on Monday was under pressure and registered its steepest fall since listing after its anchor investors one-month lock-in period ended.
Share of Zomato fell up to 5.03% to Rs 120.60 against previous close of Rs 127 on BSE. Total 31.91 lakh shares changed hands amounting to turnover of Rs 39.57 crore.
Zomato's stock fell for the second day in a row on Tuesday, after plummeting over 9% in the previous day as the obligatory 30-day lock-in period for anchor investors expired. In Tuesday's...
Brokerage firm ICICI Securities has initiated coverage on the stock with a buy call, fixing the target price of Rs 220 - a 73 percent upside from the stock#39;s August 23 close at Rs...
Zomato shares fell 5 per cent to Rs 120.60 apiece on BSE in intraday on Tuesday, following a 9 per cent crash in the previous session.
Zomato has sparked a fierce debate on the Street over its valuation after rising as much as 70 per cent post its debut on the stock exchanges last month.
Indian share markets open marginally higher. The BSE Sensex opened up by 135 points, while the Nifty is trading higher by 46 points
Zomato shares fell over 9% in Monday's session after the mandatory 30 days lock-in period for anchor investors ended
The shares ended the session at Rs 127 apiece on the S&P BSE Sensex on a day when the benchmark ended 226 points, or 0.41 per cent, higher
According to market participants, the fault for today’s slump in the stock may lie squarely on Zomato’s own success. Prior to today’s sell-off, shares of the company had jumped 70 per cent...
Zomato received about 35 times more bids from anchor investors than it intended to sell in its blockbuster IPO. The Gurgaon-based firm received bids worth Rs1.5 trillion from large funds...
The brokerage firm said that its price target of Rs 220 is counting on 22 million Indians ordering food from Zomato only four times a month in 2024-25.
The brokerage firm’s assertion that Zomato is a value stock goes against some known value investors.
"Given the small overall size of the business of the table reservation and management in USA, company has decided to divest and consequently shut down this business in USA," Zomato said in a...
“In the last week or so, some of the pharma companies have corrected significantly. Glenmark, Cadila and Aurobindo Pharma are three stocks which make good value buys.”
Zomato share price was down nearly 6% to ₹131 per share on the BSE in Monday's early trading session
The recent investment of over $120 million from food aggregator Zomato Ltd. and existing investor Tiger Global Management, made the e-grocer the 24th startup this year to enter India’s...
Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 102771.85 Crore) operating in Services sector.
Grofers has put plans for a public listing this year on the back burner as it is able to raise funds privately, Dhindsa said
The company said the contribution of the business to Zomato’s turnover was nil.Zomato which has a presence in 23 countries will provide services such as restaurant search in these...
Zomato USA LLC (ZUL), a step-down subsidiary of the company, has been dissolved and wound up, according to a regulatory filing on Thursday
"ZUL was not a material subsidiary of the company (Zomato) and didn't have any business activity and the dissolution of ZUL will not affect the turnover/revenue of the company." Zomato...
Zomato USA was not a material subsidiary of the company and did not have any business activity, Zomato says. Its dissolution will not affect the turnover/revenue of the food delivery...
ZUL was not a material subsidiary of the Company and didn't have any business activity and the dissolution of ZUL will not affect the turnover/revenue of the Company.
Zomato USA LLC (ZUL), a step-down subsidiary of the company has been dissolved and wound up.
Zomato rose 1.52% to Rs 137.05 after the company said that it has completed the process of acquiring minority stakes in Grofers India and Hands-on Trades for an aggregate consideration of Rs...
On August 18, Sensex snapped its four-day record breaking run amid mixed global cues. Sensex closed 162 points lower at 55,629 and Nifty dropped 45 points to 16,568
"Zomato USA LLC (ZUL), step down subsidiary of the company, has been dissolved and wound up," Zomato said in a regulatory filing.
Nifty futures on Singapore Exchange traded at 16,374 in Friday's trade against Nifty50's Wednesday closing of 16,568.85. Stock exchanges in India were shut on Thursday on account of...
HDFC Bank has raised $1 billion by selling additional tier-1 (AT1) bonds to overseas investors at a final pricing of 3.7 per cent as against the initial price guideline of 4.125 per...
Reliance Industries (RIL) has taken shutdown of its manufacturing units at Nagothane, Maharashtra to assure reliability and integrity of operations. "Product supplies to customers will...
Jet Airways' employees have moved the NCLAT, as they seek the quashing of NCLT’s order approving the Kalrock-Jalan resolution plan for the grounded air carrier. The plea cites concerns about...
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The Zomato IPO opened people’s eyes to India and the pathways to listings by privately funded, homegrown unicorns—from Paytm to Byju’s and Flipkart to Oyo.
The amount of money raised in IPOs this year has reached $8.8 billion, already surpassing the totals of the past three years though its only August.
This year could turn out to be India's record year of IPOs with many domestic unicorns launching their public issues
The catalyst, in a word, is Zomato Ltd. The food-delivery startup went public in July
The amount of money raised in IPOs this year has reached $8.8 billion, already surpassing the totals of the past three years though it’s only August
Zomato says with the CCI approval, it has completed acquisition of 9.16% of shareholding on a fully diluted basis in GIPL for Rs 518.2 cr and 8.94% of shareholding in HOTPL for Rs 222.8...
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A glance at the June quarter number shows KIMS has left Zomato miles behind. On a YoY basis, the hospital chain reported a 10-fold jump in profit, over a 4-fold jump in PAT margin and nearly...
Here's all you need to know about the IPO-bound train of Indian startups
For many restaurant partners, volumes on Amazon Food have been less than 1% and the company’s seeming lack of aggressiveness in scaling up the food delivery business - whose entry was...
For many restaurant partners, volumes on Amazon Food have been less than 1% and the company’s seeming lack of aggressiveness in scaling up the food delivery business - whose entry was...
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