Jul 30, 2021 10:16 AM IST
Brokerages have set a target of Rs 165-170 for Zomato shares, a 17-20% gain in the next one year from the July 29 close of Rs 141
- Jul 27, 2021 04:51 PM IST
Is Zomato a happy story? Or, is it a cause for worry? Either way, it is time to indulge in a hard look at the emerging dynamics in the marketplace.
- Jul 26, 2021 08:56 AM IST
Once a stock passes our basic liquidity filters, we are then agnostic on the size of the stock – we have no clear preference between mid- and large-cap stocks. says Sen.
- Jul 25, 2021 11:04 AM IST
At the closing price on Friday, Zomato is trading at a multiple of 49.6 times the FY21 revenues. This is significantly higher than Doordash’s EV/Revenue valuations of 15 times, says Divam Sharma of Green Portfolio.
- Jul 25, 2021 10:17 AM IST
The broader markets are in a positive trend. Globally, in the US markets, various companies will start reporting their Q2 earnings, which will keep the street excited, says Chaturmohta.
- Jul 24, 2021 10:21 AM IST
Zomato looks expensive when we compare it with the global peers on an EV/Sales basis. Globally, online food delivery players trade at an average EV/Sales of 10x while Zomato trades at 44x FY21 EV/Sales, says Poddar
- Jul 24, 2021 08:31 AM IST
A behind-the-scenes look at the food delivery giant's partnership with rapper Tesher and brand integration in the hit track’s MV that coincided with Zomato's IPO.
- Jul 23, 2021 06:30 PM IST
For a public issue that generated huge interest, Zomato's listing ceremony was quite understated.
- Jul 23, 2021 05:26 PM IST
Zomato is easily the most expensively valued stock in this set of companies when using the price to sales yardstick.
- Jul 23, 2021 02:34 PM IST
Zomato became the first company in the food delivery segment to list at the bourses.
- Jul 23, 2021 01:40 PM IST
Zomato IPO listing: Risk-takers can consider holding for it a long way while conservative allotted investors should look to book healthy profits on listing day, suggest experts.
- Jul 21, 2021 08:58 AM IST
Shankar Sharma on Zomato IPO: Globally, if you look at Grubhub, which is a similar company to Zomato, that also didn't do well at all in the post-listing aftermarket. Typically overhyped IPOs don’t do too well in the aftermarket, and Burger King was a good example
- Jul 17, 2021 09:44 PM IST
Earlier on July 16, Zomato's IPO was subscribed 38.25 times on the final day of the bidding. The offer received bids for 2,751.25 equity shares against IPO size of 71.92 crore equity shares, the subscription data available on the exchanges showed.
- Jul 17, 2021 10:00 AM IST
Huge oversubscription of Zomato IPO shows platform companies are the future, posing a threat to traditional businesses
- Jul 16, 2021 05:19 PM IST
The application to the Zomato IPO was made on July 16 via the HNI segment through Kotak Wealth Management.
- Jul 16, 2021 11:00 AM IST
Paytm IPO: The company's move to file its Draft Red Herring Prospectus (DRHP) with Sebi comes days after its shareholders approved its plans to raise Rs 12,000 crore through a fresh issue of shares.
- Jul 15, 2021 08:00 PM IST
Temasek, the Singapore headquartered firm and one of the world’s biggest investors with a global portfolio valued at more than $280 billion, is betting big on India’s booming internet and digital ecosystem. The investment behemoth not only backs the current darling of D-street Zomato, but also the likes of Ola, CarTrade, Pine Labs, PolicyBazaar and Cult.fit
- Jul 15, 2021 01:50 PM IST
If the demand for the shares exceeds the supply, then the listing price is typically higher than the offer price, and vice-versa.
- Jul 15, 2021 12:30 PM IST
We believe that on a listing day, the stock might list at a limited premium to its issue price due to high valuation. But, we don’t think that it will double or list at 50% pop up on a listing day, says Jain.
- Jul 15, 2021 07:36 AM IST
Rising internet penetration, availability of smartphones, diversified demographics with various levels of disposable incomes spread across Tier II/III cities and towns have and will contribute to the rise and performance of these businesses, says Kavalireddi
- Jul 14, 2021 07:49 PM IST
Parekh's comment comes on the day of Zomato's successful IPO, as the offer has been oversubscribed on the first day of the bidding process itself. Apart from Zomato, Paytm, Policybazaar, Mobikwik, Nykaa, and Delhivery are also firming up plans for a public listing in India.
- Jul 14, 2021 05:05 PM IST
The Nifty has to hold above 15,800 to witness an up move towards 15,915 and 16,000, while on the downside, support exists at 15,750 and 15,600, say experts
- Jul 14, 2021 01:29 PM IST
Here is the full list of investors that participated in the anchor book of Zomato
- Jul 14, 2021 11:36 AM IST
India’s leading online food-delivery company promises high growth but at a premium valuation
- Jul 14, 2021 08:38 AM IST
Zomato IPO: On traditional parameters, valuations are definitely on the higher side but when we see global peers, Zomato offers a better growth prospectus than peers, says Jain