Zomato share price jumps 1% today after Q4 loss narrows to Rs 187
时间:2024-06-26 19:25:59 阅读(143)
Zomato share price jumped 1.04% to Rs 65.21 today after the food delivery company’s net loss narrowed to Rs 187.60 crore in Q4FY23 from Rs 359.70 crore in the same quarter last year. Zomato shares have risen 16% in the past one month and 12% in the past one year. At the current market price, the company’s market capitalisation stands at Rs 55,944 crore. The company posted revenue from operations at Rs 2,056 crore, up 69.7% from Rs 1211.80 crore in the fourth quarter last yearShould you buy, sell or hold Zomato stock?Emkay: Buy – Target Price: Rs 90 (38% upside)
“Zomato aims to expand food-delivery EBITDAM to 4-5% of the GOV from the current 1.2%. The superior Q4 performance bolsters our belief in Zomato’s ability to execute & deliver profitable growth. Improvement in consumer sentiment is expected to drive GOV/MTU growth. We maintain BUY on Zomato with a target price of Rs 90 per share,” said analysts at Emkay.
“We continue to remain bullish on Zomato’s long-term growth prospects in the hyperlocal delivery space. We continue to value the consolidated business using a 15-year DCF (WACC of 13% and Tg of 6%) to arrive at a Jun’24 FV for Zomato of Rs 105 (vs. INR 100 earlier). Implied FY26 PER on our target price works out to ~63x while the stock currently trades at c.39x,” said analysts at JM Financial.
上一篇:Rupee rebounds 17 paise to 83
下一篇:Windows 11 Insider Preview first look- The ‘boldest’ version of Windows yet
猜你喜欢
- Bond yields surge, time to lock high returns; here’s how to choose debt securities, duration, allocation
- SAT sets aside Sebi’s Rs 25-crore fine on Ambani brothers
- Share Market Highlights- Nifty settles below 19760, Sensex below 66300; Bank Nifty sheds over 310 points
- Share Market Highlights- Nifty closes below 17650, Sensex up 60 pts; Bank Nifty above 42250, Adani Ports, NTPC gain
- Rupee vs US Dollar outlook- Fundamentals, technical charts signal more fall in INR in near-medium term
- BIMTECH Greater Noida appoints Prabina Rajib as Director succeeding Harivansh Chaturvedi
- Share Market Highlights- Nifty settles above 18250, Sensex jumps 555 pts; Bank Nifty above 43680, Adani Ent shares gain 5%
- Blackstone lines up exit from Embassy REIT for Rs 6,913 crore
- Rupee rises 7 paise to close at 83