Zomato's gross order value for Q3 likely to be subpar; profitability unlikely to improve in 1HFY24: HSBC Global Research

<ul><li>According to the brokerage, slow industry growth and strong competition from its peer Swiggy may have an influence on Zomato's growth in Q3FY23.</li></ul>

Sell-off continues: Nykaa, Paytm, Zomato and PB Fintech fall up to 16% in a week

Shares of FSN E-Commerce Ventures, the parent company of Nykaa, plummeted 16.64% in a week to hit an all-time low of ₹123.35 apiece. Similarly, shares of One97 Communications, Paytm's parent company, fell 8% in a week, falling from ₹579.15 apiece to ₹532.45.

Indian market may end 2023 with 15% returns; Zomato, Paytm good picks, says Samir Arora of Helios Capital

Arora said India should not be negative just because China sees a rebound in trade.

Zomato shares in the red after co-founder and CTO Gunjan Patidar quits

<ul><li>The stock price has underperformed its sector by 36.23 percent in the past year.</li></ul>

Zomato co-founder and CTO Gunjan Patidar resigns

<ul><li>Online food delivery platform Zomato Ltd said its Co-founder and Chief Technology Officer Gunjan Patidar resigned from the post on Monday.</li></ul>

New-age tech companies in a high growth zone, says Dipan Mehta of Elixir Equities

Mehta believes 2023 could be a great year for new-age tech companies and one should have some of them in one's portfolio.

Zomato: Kotak maintains buy but cuts target price; here's what the brokerage says

Kotak highlighted that post-Covid quarterly earnings reports of global food delivery companies suggest that GMV growth has come off meaningfully in the calendar year 2022.

Zomato Stock Check: Long-term story or a short-term bet? Here's what fundamental and technical analysts say

Zomato has been on a downward spiral owing to concerns over its growth and profitability. From its all-time high of ₹169.1 which, as per the BSE data, it hit on November 16, 2021, the stock is down more than 62 percent (as of December 8 closing).

Zomato: Alipay Singapore sells 3% stake for ₹1,631 crore

According to the bulk deal data available with the National Stock Exchange (NSE), Alipay Singapore Holding Pte offloaded a total of 26,28,73,507 shares, amounting to 3.07 per cent stake in the company.

Alibaba to sell Zomato shares worth $200 million via block deal: Report

<ul><li>The Chinese e-commerce giant, through its finance affiliate Ant Group, currently owns a 13.3% stake in Zomato, according to Refinitiv data.</li></ul>

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Zomato's gross order value for Q3 likely to be subpar; profitability unlikely to improve in 1HFY24: HSBC Global Research

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