Zomato

June 06, 2023 09:53 AM IST

D-Mart, Varun Beverages, Zomato, Nykaa may be removed from Nifty Next 50 index

In case of deletion, the 11 stocks that stand to get entry to Nifty Next 50 include Shriram Finance, AU Small Finance Bank, Trent, Indian Hotels, TVS Motor Company, Cummins India, Jindal Steel and Power, Polycab, Punjab National Bank, Zydus Lifesciences and Abbott India

IPO fundraise to touch Rs 50,000 crore; expect H2 to be volatile: Ajay Garg of Equirus

The total amount raised through initial public offerings stood at Rs 52,116 crore in FY23, of which LIC alone was Rs 21,000 crore

Why does Chris Wood’s call to add Zomato in his portfolio deserves a three-episode miniseries

The flip flops on Zomato by Jefferies' fund managers may not inspire a full-fledged TV series, but it can definitely be made into a three-episode mini-series, possibly titled The House of Contradictions.

ONDC limits discounts to Rs 100 in revised incentive structure

Among the several changes being introduced on ONDC, some major ones will likely discourage buyers from using the network.

Gainers & Losers: 10 stocks that moved the most on May 30

The Sensex was up 122.75 points or 0.20 percent at 62,969.13, and the Nifty was up 35.10 points or 0.19 percent at 18,633.80. About 1,640 shares advanced, 1,766 shares declined, and 112 shares unchanged.

Zomato shares jump on sizeable block deal

Over 22 lakh shares changed hands at a price of Rs 68.1 apiece, amounting to a transaction value of approximately Rs 15.2 crore.

Moneycontrol Daily: Your Essential 7

A daily round-up of the most interesting articles to help jump-start the day.

Jefferies’ long-only portfolios add Zomato, SBI Life, remove HDFC Life

In Chris Wood’s weekly newsletter, he detailed how some of the Asia (ex-Japan) portfolios have been changed

US-based Baron Capital cuts Swiggy’s fair value by another 10%, for second time in 3 months

Baron Capital has now slashed the fair value of Swiggy for the second time in three months, similar to the US-based asset management company Invesco. Invesco effectively halved Swiggy's valuation to $5.5 billion as of January 31, 2023.

Trade Spotlight | What is your strategy for NCC, Zomato, Tata Elxsi today?

Zomato shares gained 4.4 percent to settle at Rs 67.30, the highest closing level since December 2 last year, and formed long bullish candlestick pattern on the daily scale with above average volumes. The stock has given a nice breakout for the Mother candle of May 9, which is a positive sign, with trades above all key moving averages.

Gig Workers’ Welfare: Rajasthan shows the way by proposing a law

The Rajasthan government has introduced the Rajasthan Platform-based Gig Workers (Registration and Welfare) Bill, 2023. This will help to formulate schemes for the benefit of the gig workers, provide them immediate financial assistance in case of accidents and medical emergencies, and offer them health insurance coverage under state government schemes

A tale of two fintech companies

PB Fintech has done a much better job of turning the corner on profitability, in part because of its business model. Zomato, on the other hand, stuck in a line of business seeing increasing competition, is still bleeding

Neutral Zomato; target of Rs 80: Motilal Oswal

Motilal Oswal recommended Neutral rating on Zomato with a target price of Rs 80 in its research report dated May 22, 2023.

Live: Mid- and Small-Cap Index Outperform; BEL, BPCL & Zomato In Focus | Closing Bell

Indian markets edge higher amid volatility caused by concerns related to the US debt ceiling crisis. Midcap and smallcap indices are trading with marginal gains while benchmark indices were off the day's high. Nandita Khemka & Yatin Mota discuss the newsmakers on their radar including BEL, BPCL, Zomato & Delhivery only on Closing Bell.

'In jest': Zomato clarifies after claiming 72% cash on delivery orders paid with Rs 2,000 notes

Zomato joked with a meme that 72 per cent of cash on delivery orders since the RBI announcement have been in Rs 2,000 notes.

Food delivery average order values may remain flat over next year: Zomato CFO

Zomato’s AOV has marginally increased for the past year — growing 2 percent from Rs 398 in FY22 to Rs 407 in FY23 at a time when the food inflation index swung between 4.2 percent and 8.2 percent.

Zomato gains 2% after Q4 loss narrows, boosts hopes of profitability

Nomura has maintained its sell rating on the stock and kept its target price unchanged at Rs 45, down 30 percent from its current market price.

LIVE: 'Buy on Dip' amid volatily? | Zomato & Delhivery on Q4 earnings radar | Opening Bell

On Opening Bell we will track Delhivery, Zomato, Delhivery, Divi’s Labs and Bharat Electronics earnings. Catch Nickey Mirchandani in conversation with Prashant Sawant, Founder, Catalyst Wealth and Dipan Mehta, Founder – Director, Elixir Equities

Market Live: Zomato Q4 loss narrows; should you buy now? Divi’s Lab, Bandhan Bank, NTPC in focus

Nifty staged a recovery from intra-day lows to settle above the 18,200 mark but it snapped a 3-week winning streak to lose around half a percent on a weekly basis. FII flows have been strong in May, will the Nifty manage to reclaim 18,300 this week? Divi’s Lab, NTPC, JSW Steel, Bandhan Bank, and Delhivery have reported earnings post market close on Friday. Meanwhile, Zomato has narrowed its losses in the fourth quarter and the foodtech giant hopes to achieve profitability in the next 4 quarters. We discuss the numbers and how one should play this stock post Q4 earnings with Elara Capital’s Karan Taurani. We’ll also discuss the cues for trade and get you stock picks from Rajesh Palviya of Axis Securities. Watch!

Zomato Standalone March 2023 Net Sales at Rs 1,206.80 crore, up 18.92% Y-o-Y

Zomato Consolidated March 2023 Net Sales at Rs 2,056.00 crore, up 69.66% Y-o-Y

Zomato aims to post net profit by March quarter of this fiscal

Zomato also said that its next goal was to get to positive adjusted EBITDA and also profit after tax (PAT) on a consolidated basis, this time including Blinkit-related expenses, within the next four quarters.

Zomato strengthens top deck, announces three top-level appointments

The company has appointed a CEO and COO for its food ordering and delivery business, and a new CEO for its Hyperpure business.

Zomato on ONDC: ‘Continue to watch progress closely, and learn from it’

This is the first time any of the largest two players, in the food delivery market, have reacted on the ONDC, which was initially touted to be a duopoly killer in the food delivery space.

Left Urban Company board as Blinkit is experimenting with similar service: Zomato CEO Deepinder Goyal

Blinkit is exploring whether it can make our neighbourhood services like electricians, plumbers, etc. more accessible to customers