Time period given by analyst is Intra Day when Zomato Ltd. price can reach defined target.
Zomato Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 117481.57 Crore) operating in Services sector.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 916.60 Crore, up 22.08 % from last quarter Total Income of Rs 750.80 Crore and up 223.32 % from last year same quarter Total Income of Rs 283.50 Crore. Company reported net profit after tax of Rs -360.70 Crore in latest quarter.
Investment Rationale
Surpassed its previous lifetime high levels and increased volume seen in the stock.
Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of June 30, 2021, while FIIs held 9 per cent, DIIs 3.8 per cent and public and others 87.2 per cent.
(Disclaimer: Views and recommendations given in this section are the analysts’ own and do not represent those of ETMarkets.com. Please consult your financial adviser before taking any position in the stock/s mentioned.
Read More: Zomato share price: Buy Zomato, target price Rs 159: Chandan Taparia