{"id":842164,"date":"2024-08-07T10:15:38","date_gmt":"2024-08-07T04:45:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=842164"},"modified":"2024-08-07T10:19:14","modified_gmt":"2024-08-07T04:49:14","slug":"zomato-stock-price-up-112-in-2024-should-investors-buy-now","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/07\/zomato-stock-price-up-112-in-2024-should-investors-buy-now\/","title":{"rendered":"Zomato stock price up 112% in 2024; should investors buy now?"},"content":{"rendered":"<p>Global brokerage firm Nomura has increased its target price for Zomato to \u20b9280 from \u20b9225 while maintaining a \u2018buy\u2019 recommendation. This new target suggests a potential upside of over 9 percent. This comes after strong quarterly results for Q1FY25.<\/p>\n<p>Nomura highlighted Zomato&#8217;s significant growth potential and improving profitability in both its food delivery (FD) and quick commerce (Blinkit) businesses. The brokerage stated, &#8220;We note that Zomato\u2019s high growth path with improving profitability has significant room to go in both the FD (food delivery) and Q-commerce (Blinkit) businesses. We raise our TP to INR280 (continues to be based on DCF) factoring in higher long-term growth in Blinkit. We raise FY25-26F EBITDA by 26-60 percent.&#8221;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global brokerage firm Nomura has increased its target price for Zomato to \u20b9280 from \u20b9225 while maintaining a \u2018buy\u2019 recommendation. This new target suggests a potential upside of over 9 percent. This comes after strong quarterly results for Q1FY25. Nomura highlighted Zomato&#8217;s significant growth potential and improving profitability in both its food delivery (FD) and quick commerce (Blinkit) businesses. The brokerage stated, &#8220;We note that Zomato\u2019s high growth path with improving profitability has significant room to go in both the FD (food delivery) and Q-commerce (Blinkit) businesses. We raise our TP to INR280 (continues to be based on DCF) factoring [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[55,13,4],"tags":[],"class_list":["post-842164","post","type-post","status-publish","format-standard","hentry","category-it-2-live-mint","category-live-mint","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842164","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=842164"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/842164\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=842164"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=842164"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=842164"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}