Zomato News

BLive introduces the EZY EV Rental Program for last-mile mobility partners, addressing financial challenges. Rentals start at INR 1500/week, promoting EV integration. A 'Rent to Own' model allows riders to own EVs after 36 months. Survey by Robas Research shows 77% of delivery riders own EVs. Samarth Kholkar is optimistic about reducing carbon emissions.

Temperatures in and around Delhi have hit all time highs this summer. On May 29, the day's maximum temperature of 46.8 degrees Celsius, recorded at the primary weather station Safdarjung Observatory, was a 79-year high. It broke the previous record of 46.7 degrees Celsius, registered on June 17, 1945. In Najafgarh area, temperatures soared even higher.

Trent and BEL are expected to enter Nifty in the September rebalancing of NSE indices, as per JM Financial estimates, which are based average free float market capitalisation.

Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

Just because the Nifty has been trading in a volatile mood for the last few trading sessions, the word correction might be heard on the street. The fact is that if one looks at the internal of the markets, there has been an ongoing correction which is taking place which has been largely guided by the numbers which companies have delivered for Q4. Also there is a kind of sectoral correction taking place. The good part is that such kind of sectoral corrections are indicative of underlying bullishness and these corrections are part of any bull run. The only thing any investor needs to make sure is that in any corrective phase, bias when making fresh investment should be toward large cap stocks as there is a possibility that they would see less damage in corrections which are stronger in nature due to global or macro developments. ET screener powered by Refinitiv’s Stock Report Plus lists down quality stocks with high upside potential over the next 12 months, having an average recommendation rating of “buy” or "strong buy". The screener applies different algorithms for all BSE and NSE stocks.

India's quick commerce boom is reshaping how Indians shop, with Swiggy leading the charge in the fast-paced delivery game. The SoftBank-backed company's grocery warehouse in a middle-class suburb of Mumbai operates with precision, aiming to deliver orders within 10 minutes. Swiggy's bikers, clad in bright orange T-shirts, race against time to collect and deliver packed grocery orders, with the warehouse manager emphasizing the need for speed in the entire process.

Sebi proposes to revise criteria for derivatives market, potentially adding 78 stocks like LIC, Zomato, YES Bank. Changes include higher thresholds for order size, market-wide position limits, and introducing Product Success Framework for single-stock derivatives after 6 months.

Global investment bank Morgan Stanley has maintained an overweight rating on Kaynes Technology but raised the target price to Rs 3,845 from Rs 2,440, while Macquarie maintained a sell rating on Zomato with a target price of Rs 100.

Nifty opened positive but volatility gripped it soon. But it maintained its gains to close positive.

The NSE Nifty index closed 42.05 points up at 22530.7

Zomato Limited has informed the exchange about newspaper advertisements w.r.t. the postal ballot notice and on remote e-voting and other related information

A total of 1,660,666 shares changed hands on the counter till time (IST).

Brokerage firm Macquarie maintained an underperform rating on Zomato and Apollo Hospitals. BofA Securities recommended a buy on HDFC Bank and upgraded M&M to a buy.

Zomato Limited has informed the Exchange about Notice of Postal Ballot

With a goal of reaching 45 stores by December 2025, House of Biryan targets revenues exceeding Rs 100 crore and aims to serve over 4,00,000 new customers. CEO Mohammed Bhol emphasizes product freshness and customization as key differentiators in the crowded biryani market.

Zomato Limited has informed the exchange regarding appointment of M/s Deloitte Haskins & Sells, Chartered Accountants, as statutory auditors of Zomato Hyperpure Private Limited and Blink Commerce Private Limited, wholly owned subsidiaries of the Company respectively

Zomato Limited has informed the exchange about transcript of earnings call held on May 13, 2024.

The possible changes would lead to an inflow of Rs 3,500 crore into Trent and Rs 3,000 crore into Bharat Electronics, the brokerage said.

Zomato Limited has informed exchange regarding extract of newspaper publication of financial results for the quarter and financial year ended March 31, 2024

Zomato, CarTrade Tech, Olectra Greentech, Waaree Renewable Technologies, JBM Auto, ABB India, Trent, and Godrej Properties are high PE stocks showing multibagger returns. Consider using various valuation metrics and expert insights for informed investment decisions.

Quick commerce drove overall ecommerce for these companies as well as the broader fast moving consumer goods (FMCG) industry, company executives said.

The NSE Nifty index closed 113.8 points up at 22217.85

The NSE Nifty index closed 113.8 points up at 22217.85

Emkay Global Financial Services has buy call on Zomato with a target price of Rs 230.

The NSE Nifty index was trading 37.96 points up at 22142.0

The NSE Nifty index was trading 27.91 points up at 22131.95

Zomato Stock Price: Despite positive target price revisions from brokerages such as CLSA, Jefferies, Bernstein, and Elara, shares of foodtech platform Zomato experienced a decline of up to 6% to Rs 182.10 on Tuesday. CLSA raised the target price to Rs 248, Bernstein to Rs 230, Jefferies to Rs 230, and Elara Capital set the highest target at Rs 280 per share, all in response to the impressive Q4 results.

BofA Securities upheld a buy rating for Varun Beverages, while Jefferies suggested buying Zomato. AB Capital received an Equal Weight rating from Morgan Stanley, and Motilal Oswal advised a neutral stance on UPL.

Shares of Bharti Airtel, Shree Cements, Patanjali Foods, Devyani and PVR Inox will be in focus as the companies will announce their fourth quarter results today.

Zomato Limited has filed with exchange views of the audit committee of the Company on resignation of statutory auditor of ZHPL and BCPL.

Zomato Limited has informed the exchange about link of audio recording of earnings conference call.

Zomato Limited has informed the exchange that board of directors of Zomato Payments Private Limited, wholly owned subsidiary at its meeting held today i.e. May 13, 2024 has decided to voluntarily surrender the certificate of authorization issued by RBI to operate as an online payment aggregator and to withdraw the application submitted with RBI to operate as the issuer of prepaid payment instruments.

The NSE Nifty index closed 48.85 points up at 22104.05

The NSE Nifty index closed 48.85 points up at 22104.05

The company highlighted that one of the key vectors for growth for the business will come through the store expansion. In the fourth quarter, it added 75 net new stores taking the total store count to 526.

Outcome of the board meeting held on May 13, 2024.

Zomato Limited has filed with exchange shareholders letter

Zomato Q4 Results: Zomato reported a net profit of Rs 175 crore for the quarter ending March 31, 2024, compared to a loss of Rs 188 crore in the previous year period, with operations revenue increasing by 73%.

Zomato Limited has filed with exchange financial result for the quarter and financial year ended on March 31, 2024

Outcome of the Board meeting approving financial results for the quarter and financial year ended March 31, 2024, formulation of ESOP scheme subject to approval of shareholders and postal ballot notice for seeking shareholders approval for formulation of ESOP Scheme