Zomato sheds nearly $1 billion in valuation over two days after Blinkit deal

ZOMATO-STOCKS:India's Zomato sheds nearly $1 billion in valuation over two days after Blinkit deal

Blinkit Deal: JM Financial says ‘buy’ Zomato

The brokerage house JM Financial has maintained a buy call on Zomato shares with a target price of ₹115 per share.

HSBC sees 21% upside in Zomato, even as the stock continues to trade below IPO price; Here's why

Zomato has massively erased investor wealth, down 50 percent in 2022 YTD and nearly 60 percent from its all-time high of ₹169, hit in November 2021. It had fallen as low as ₹50 per share in May 2022.

Market value of five new age companies have fallen below 2 Lakh crore

Together, these five companies now command a ₹1,89,500 crore m-cap against ₹3,65,438 crore on Day 1 of their listings.

Zomato: A Hot Indian Food IPO During a Tech Cold War

The debut of delivery app Zomato raises hopes for data-rich unicorns, but Chinese-style warning signs are growing.

Results review: Brokerages stay bullish on Zomato despite profit fall

Zomato reported a net loss of ₹359 crore in the fourth quarter of the fiscal year 2021-22. However, revenues have increased by 75% to ₹1,211.8 crore, up from ₹692.4 crore in Q4 FY21.

Zomato sees biggest intra-day jump since listing; market cap crosses ₹50k crore

The stock rallied as much as 18.5 percent to its intra-day high of ₹67.60, making it the scrip's biggest intraday surge since listing on July 23, 2021. Thanks to the jump, its market capitalization has also exceeded ₹50,000 crore.

Zomato hits new low; FIIs, mutual funds cut stake in Q4

Just in the last 2 sessions, the stock has lost over 7 percent. Just in 2022 year-to-date, the stock has declined 46 percent.

Zomato drops 3% as Competition Commission orders probe for anti-competitive practices

<ul><li>Zomato, which has been listed recently, saw its revenue falling by nearly a quarter year-on-year to ₹1,994 crore in FY21.</li></ul>

Zomato shares reach an all-time low. Has the company bitten off more than it can chew? 

The company in an exchange filing on Tuesday said it has received its board nod to grant a loan of up to $150 million (around ₹1,145 crore) to online grocery shopping player, Grofers India Pvt Ltd (GIPL).

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Zomato sheds nearly $1 billion in valuation over two days after Blinkit deal

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