Zomato share price has seen a surge on the back of strong Q1 profits, hitting a 52-week high
Zomato share price has seen a significant surge of 19%, which also reflects the company’s strong financial health and market performance. Targets to increase from 639 in FY25 to 2000 by end of cy 26 With the release of its impressive Q1 profits, the stock has touched a 52-week high, leading to increased investor interest and confidence.
Zomato's Q1 fy 25 results have shown substantial profit growth, targeting 2000 Q1 has also been a key driver behind the surge in the stock price. This surge has strengthened the shere market sentiment and contributed to pushing the stock to new heights.
Market reaction
Following the positive earnings report, Zomato's share price rose to ₹263, close to the record high of ₹278.70 touched earlier this year. This surge highlights the company's strong market position and future growth potential
The surge in Zomato share price is driven by the company taking a new direction and growing investor confidence in profitability. The strong quarterly performance has strengthened Zomato's foundation and pushed the company towards profitability. Zomato share price has increased along with investor confidence in the company.
Future Outlook
With the current momentum, Zomato share price is likely to continue its upward trend driven by consistent performance and strategic market expansion. Investors remain optimistic about the company's prospects in the competitive food delivery industry.
The surge in Zomato share price, seen by strong Q1 fy25 profits, marks a significant milestone for the company. As it continues to grow and expand, Zomato stock performance will continue to be watched by investors looking for long-term gains in the growing food tech market.
According to analysts, Zomato share price target for 2025 is estimated to be between ₹263.77 and ₹279.25. Based on Zomato's expected continued growth and market expansion, analysts maintain a generally bullish outlook for Zomato, supported by strong revenue growth and the company's plan to break even by 2025. These estimates reflect confidence in Zomato's ability to understand market dynamics and take advantage of emerging opportunities in the food-tech industry.
Zomato and Swiggy have significantly transformed India's food ordering landscape by providing convenient home delivery services. Both platforms have contributed significantly to the share and growth of the industry. Zomato offers user reviews and a variety of food options and has enhanced the overall food experience beyond home delivery. This comprehensive approach, along with its user-friendly interface, has established Zomato as a major player in the market.
Zomato Ltd. was founded in 2010. Zomato Ltd. is a leading online food service platform. Zomato aims to increase the number of its stores by 2010. Its CEO is Deepinder Goyal who has emphasized on a technology-first approach, leveraging AI, machine learning and data science to boost delivery partners and restaurant partners to its customers.
Zomato share price gained 19 percent and hit a new 52-week high of Rs 263 per share from the previous close of Rs 234, with volumes rising more than 10 times on the BSE. The company now has a market cap of over Rs 2.30 lakh crore.
The company's share price has surged on the back of its Q1FY25 results, which showed an exceptional performance. Net sales grew 74.1 percent to Rs 4,206 crore, up from Rs 253 crore. This stellar quarterly performance is based on the company's FY24 achievements, where net sales grew 71.13 per cent to Rs 12,114 crore,
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The performance of the stock in 2024 has been exceptional, delivering multibagger returns. This has added a lot to Deepinder Goyal's wealth, as his 4.19 per cent stake is now valued at around Rs 9,400 crore. The performance of the stock in 2024 has been exceptional, delivering multibagger returns. This has added a lot to Deepinder Goyal's wealth, as his 4.19 per cent stake is now valued at around Rs 9,400 crore.